Cocoa prices are going nuts, after a crop failure in West Africa was followed by a rush of investor speculation.
Category: Commodities
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China Is Buying Gold, Sending Prices to Record Highs
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
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Gold Bar Sales Are Surging at Costco. Why?
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.
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Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.
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Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
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Heat, War and Trade Protections Raise Uncertainty for Food Prices
Experts are warning of a new normal in which food supplies — and prices — could be rocked more regularly.
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Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says
The New York Times – Business:The C.F.T.C. wants to permanently ban the cryptocurrency exchange and its founder from commodities markets.