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  • Dec 30, 2024

Cocoa market resumes gains as production concerns linger

(Bloomberg) -- Cocoa futures returned to gains following on the heels of the biggest weekly loss since October as supply fears continue to drive volatile swings on the pricey market.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Prices in London and New York both gained around 4% on Monday before paring back. The jump comes after New York futures tumbled over 15% last week, the biggest such decline since late October.Concerns over crops in West Africa, where

  • Dec 30, 2024

Oil in 2025 increasingly looking like a buyer’s market

The supply/demand outlook for oil increasingly points to downward pressure on oil prices next year, as does greater use of electric vehicles. The post Oil in 2025 increasingly looking like a buyer’s market appeared first on FreightWaves.

  • Dec 30, 2024

Gold’s 27% Advance Stands Out in Mixed Year for Metals Markets

(Bloomberg) -- Gold is heading for one of its biggest annual gains this century, with a 27% advance that’s been fueled by US monetary easing, sustained geopolitical risks, and a wave of purchases by central banks.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024While bullion has ticked lower since Donald Trump’s sweeping victory in November’s US presidential election, its gains over 2024 still outstrip most other commodities. Base metals have had a mixed year,

  • Dec 30, 2024

Bitcoin Rally Fueled by Trump Loses Steam as Year Draws to Close

(Bloomberg) -- The Bitcoin rally sparked by US President-elect Donald Trump’s election victory in early November is stalling as 2024 draws to a close.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The digital asset wavered at $93,670 as of 6:34 a.m. on Monday in New York, about $15,000 below the record high set in mid-December. Smaller tokens like Ether and meme-crowd favorite Dogecoin also struggled for traction.Trump’s preference for crypto friendly regulat

  • Dec 30, 2024

Analysis-Lula's embrace of new Brazil central banker has markets wary

After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil's central bank look poised for an era of sweetness and light - which is precisely what worries some investors. Gabriel Galipolo, 42, is set to take the reins at the bank on Wednesday. Galipolo takes over from central bank governor Roberto Campos Neto, an appointee of former President Jair Bolsonaro, in the first transition since a 2021 law that required heads of state to wait two years before naming their own central bank chief, in a move designed to boost the bank's autonomy.

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