Commodities

Abuja, Jan. 14, 2026 – Dele Alake, the Minister of Solid Minerals Development, says the federal government is positioning Nigeria as a leading solid minerals hub in Africa and a key global partner in minerals essential for the transition to green energy. He said this was the key reason for the current emphasis on the establishment of lithium processing and gold refining facilities across the country. The minister said this during a meeting with Ibrahim Al-Khorayef, the Saudi Arabian Minister of Industry and Mineral Resources, ahead of the Future Minerals …

  Ibadan, Jan. 13, 2026 – The federal government has intercepted seven trucks laden with lithium ore in Kwara State. The trucks were intercepted on Friday by officials of the Ministry of Solid Minerals Development and the Department of State Services in Kwara State after intelligence information. Ganiyu Ajibade, the Zonal Officer of the ministry in Ibadan, told journalists on Tuesday that the trucks were intercepted following intelligence information that 12 trucks laden with lithium ore were coming from a mining site in Saki, Oyo State He said the intelligence …

  Washington, Dec 16, 2025 – Gold prices slipped on Tuesday, as investors turned cautious ahead of key U.S. jobs and inflation data, which could provide cues for Federal Reserve policy heading into the new year. Spot gold lost 0.3% to $4,290.33 per ounce, as of 0637 GMT. Bullion has rallied 64% year-to-date, smashing multiple records along the way. U.S. gold futures were down 0.4% at $4,316.40. “We’re right up against the former high around $4,380 from mid-October. So, the market is essentially asking whether there’s enough conviction to break …

  New York, Nov. 25, 2025 – Gold extended gains on Tuesday to hit its highest in more than a week, brushing off a firm dollar. Spot gold rose 0.1% to $4,140.85 per ounce by 0457 GMT, the highest since November 14, building on a 1.8% advance on Monday, Reuters reported. U.S. gold futures for December delivery were 1.2% higher at $4,141.20 per ounce. Spot silver rose 0.2% to $51.49 per ounce, platinum rose 1% to $1,559.61, and palladium gained 0.3% to $1,399.25.     (Bahrain News Agency)

  Washington, Nov. 24, 2025 – Gold was steady as traders weighed the chance of another Federal Reserve interest-rate cut before the end of the year. Bullion traded above $4,060 an ounce after a modest weekly loss. Several US central bank officials sounded a cautious note on monetary policy, though New York Fed President John Williams said he sees room for a reduction in borrowing costs in the near term. Gold pared losses on Friday after Williams’ comments but still ended the session lower. The US shutdown delayed the release …

  Washington, Nov. 11, 2025 – Gold prices climbed more than 3% Tuesday to hit a more than two-week high as soft economic data out of the U.S. reinforced expectations that the Federal Reserve will cut interest rates, lifting demand for the non-yielding asset. Spot gold climbed 3.3% to $4,139.00 per ounce after hitting its highest level since Oct. 24 earlier in the session. “Some weak data last week has the market tilting a little more dovish in their Fed expectations … We could very much still see a December …

  Washington, Oct. 2025 – Gold prices inched higher on Monday after a record rally, as expectations of more U.S. rate cuts and safe-haven demand from the ongoing government shutdown supported sentiment, while investors awaited cues from upcoming U.S.-China trade talks. Spot gold was up 0.1% at $4,254.59 per ounce, as of 0801 GMT. U.S. gold futures for December delivery climbed 1.3% to $4,268.40 per ounce. Spot silver rose 0.2% to $51.97, recovering slightly after falling 4.4% on Friday after hitting a record high of $54.47 earlier that day. “We’re …