Award-winning Tunisian olive oil producer Mustapha Mtiraoui could make far more money by exporting his produce in labelled bottles, rather than shipping it in bulk.
FXEmpire.com - Weather Impact and Demand
U.S. natural gas futures are currently on a downtrend, influenced by weather patterns and demand fluctuations. Over the next week, the interior United States will experience mild conditions with temperatures ranging from the 50s to 80s. A
FXEmpire.com - Consumer Price Index Rise in February 2024
February 2024 saw a notable uptick in the Consumer Price Index (CPI), indicating changing economic winds. This article delves into the latest CPI report, dissecting its components to provide a clear picture of the current
The EU Parliament on Tuesday gave its final approval to new rules to cut pollution from livestock farms, but only after agreeing with EU countries to make the law far weaker than initially planned.
Aluminium prices climbed on Tuesday to near six-week highs as the market factored in seasonally stronger demand, but gains are likely to be capped by robust supplies from top producer China.
Brazilian crop agency Conab on Tuesday lowered projections for the country's soybean and corn production, as soy farmers dealt with adverse weather in large-producing regions and corn growers are poised to reduce plantings.
Italian fashion group Miroglio said on Thursday it has completed its acquisition of Trussardi, bailing out the century-old brand which last year sought protection from creditors.
Ukraine, particularly in the last few months, has been exporting much more grain than anyone expected despite more than two years of war with neighboring Russia.
Kohl's on Tuesday forecast fiscal 2024 profit below market expectations, as it aims to spend on expanding its Sephora partnership and other investment activities.
Archer-Daniels-Midland reported lower-than-expected fourth-quarter earnings on Tuesday, after an investigation into accounting practices at the company's nutrition unit delayed the release of its financial results for nearly two months.
Southwest Airlines on Tuesday once again cut its forecast for the number of aircraft deliveries it expects from supplier Boeing - causing the largest domestic U.S. carrier to cut its capacity for the second half of 2024.
Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market.
Speaking to the Investing News Network, Adrian Day, president of Adrian Day Asset Management, shared his outlook for gold and gold stocks in 2024, explaining why there's a disconnect between them. He noted that there's been a misalignment for the last 11 years, but particularly in the last two years, when central banks and wealthy families in the Middle East and Asia started loading up on the yellow metal for insurance purposes. "Their motives are long term and defensive, so they buy bullion, they don't buy gold stocks. So in a way — and people don't like it when I say this — but in a way, up until let's say the last couple of months, I would argue that it was gold that was out of kilter with economic reality, not the gold stocks. The gold stocks were where they should have been; gold should have been lower, but it was this central bank buying that pushed it up," Day explained. In his view, when the US Federal Reserve starts cutting interest rates and monetary factors start driving gold, the metal will eventually make it to US$2,100 per ounce and stay there. At that point, investors will get interested in gold stocks. "Particularly if the broad market starts to wobble. It doesn't have to crash — a crash would not be good for gold stocks — but wobble. And people start to get out of NVIDIA (NASDAQ:NVDA) and look for other (options) — maybe out of NVIDIA and into ExxonMobil (NYSE:XOM) or something. There's a bit of rotation. That's good for gold. If we see that, I think the scenario is a perfect setup for gold," he said during the conversation. Day added that although he's said before that gold stocks are incredibly undervalued, the situation has only intensified. As an example, he noted that major producer Agnico Eagle Mines (TSX:AEM,NYSE:AEM) is selling at its lowest price-to-cashflow multiple ever aside from the last quarter of 2015, when the gold price fell as low as US$1,061. "We've been through this so many times in the past — gold stocks can languish for a long time. And then when they take off, first of all they take off suddenly, and secondly the returns are dramatic," he said. Watch the interview above for more of Day's thoughts on gold and gold stocks. You can also click here for the Investing News Network's full Vancouver Resource Investment Conference playlist on YouTube.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Malaysian palm oil futures were little changed on Tuesday after closing at near 8-month highs in the previous session, as stronger rival oils and crude oil prices offset a decline in exports.
Nonferrous metals prices fell in London on Tuesday, retreating from gains in the previous session, as investors and traders pulled back ahead of key data in China and the United States.
The Federal Aviation Administration's (FAA) audit of Boeing's 737 MAX production process after a panel blew off an Alaska Airlines jet in January failed 33 of 89 tests, The New York Times reported on Monday.