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Real-time News
The European-Mediterranean Seismological Centre reports a 4.3-magnitude earthquake off the coast of Guatemala.
Easing prospects for a US-Iran deal eased inflation concerns, causing gold prices to rebound by over 1% and spot silver to rise by over 4%. A chart provides a quick overview of the pre-market conversion prices of gold and silver in both domestic and international markets.
Euro Stoxx 50 futures and German DAX futures rose 0.6%.
As of 8:30 AM Beijing time, spot platinum was up 0.29% and spot palladium was up 0.29%.
Futures News, May 25th - According to foreign media reports, Malaysian palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Monday morning, primarily reflecting the potential tightening of export supplies due to new Indonesian policies, which could boost the outlook for Malaysian palm oil exports. Last week, Indonesia planned to establish a centralized export agency to handle the export of key commodities, including palm oil. This move could lead to tighter supply, thus benefiting Malaysian palm oil exports. Indonesia is the worlds leading palm oil producer and exporter. The strong rise in Chicago soybean oil futures last week, coupled with a weaker ringgit, also supported the palm oil market. The lower ringgit made it more affordable for buyers holding foreign currency to purchase palm oil. However, with the US and Iran nearing an agreement, the decline in Brent crude oil futures in Asian electronic trading on Monday, along with a decrease in Malaysian palm oil exports, will limit the upward momentum of the palm oil market.