First Squawk
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The governor reported that Russian drones attacked port facilities in Ukraine’s Odesa region.
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Spot gold declined further, last down 4% at $4,306.89/oz.
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World Food Programme: 45 million people are pushed into acute hunger, in addition to 318 million facing food insecurity
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The most actively traded tin contract in Shanghai declined over 5%.
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According to LSEG, Dubai’s DFMGI index was down 2% at the start of trading.
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According to LSEG, Abu Dhabi’s FTFADGI index was down 1.2% at the start of trading.
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According to LSEG, Dubai’s index was down 2% at the start of trading.
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According to LSEG, Abu Dhabi’s index was down 1.2% at the start of trading.
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U.S. crude futures climbed over $2, reaching $100.26/bbl.
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Spot platinum extended its losses, falling more than 8% to $1,762.05 per ounce.
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Spot gold dropped over 5%, continuing its downward move to $4,254.67/oz.
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Spot palladium extended its decline, falling more than 5% to $1,321.25 per ounce.
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Spot gold fell 6%, reaching $4,214.89/oz, the weakest since December 11.
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U.S. futures pointed lower, with S&P 500 E-minis down 0.7%, Nasdaq 100 futures down 0.8%, and Dow futures down 0.6%.
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Spot gold has fallen roughly 25% from the all-time high of $5,594.82/oz set on January 29.
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The Chinese commerce minister held talks with the chairman of Volkswagen Group on Sunday.
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China’s commerce minister told Volkswagen Group’s chairman that he hoped the European Economic Community would play an active role in encouraging both sides to meet halfway.
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The Chinese commerce minister held talks with Bosch’s chairman over the weekend.
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According to China’s commerce minister, Bosch Group is encouraged to take an active role in China’s consumer goods trade-in initiatives and to expand the development of high-quality products and technologies, in remarks to Bosch’s chairman.
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Spot gold dropped over 7%, continuing its downward move to $4,161.89/oz.
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Goldman Sachs now sees the ECB raising rates by 25 basis points in both April and June 2026, revising from an earlier expectation of no changes this year.
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