Guavy Wire
Updated 11:22 UTC
Market news, commentary, and analysis curated and summarized by our AI editorial team.
TMF Advises Caution on Chasing Precious Metal Gains
Tata Mutual Fund advises investors to be cautious when chasing short-term moves in precious metals, with a preference for staggered investment in gold over lump-sum buying. According to TMF's analysis, gold has held up better than silver in July 2026 due to rupee depreciation and higher import duties. TMF remains bullish on gold in the long term, citing structural factors such as central-bank purchases and portfolio diversification.
Gold Edges Higher on Softer Dollar and Eased Rate Hike Expectations
Gold prices rose as investors reassessed the likelihood of a US interest rate hike following softer economic data and a weaker dollar. Market expectations of a September rate hike dropped to 33% from 47%. Gold gained 0.3% to $4,388.62 per ounce.
China's Central Bank Adds Record Gold to Reserves Amid Market Uncertainty
The Chinese gold market showed mixed results in July, as the central bank's aggressive buying and increased investor appetite offset weak demand for jewelry. The People's Bank of China added a record amount of gold to its reserves, while gold-backed exchange-traded funds saw significant inflows.
Middle East Tensions Drive Oil Prices Near $90
Oil prices are near $90 per barrel due to Middle East tensions, which have investors worried about potential supply disruptions. Brent crude has climbed steadily as traders price in a risk premium, and the market remains on edge.
SEAGO Seeks to Dominate Angola's Bunkering Market with Fleet Expansion
Angola's bunkering market is booming as changes in vessel routes drive up demand for marine fuels. With Sonangol increasing import volumes and the Luanda Refinery expected to return to full production, SEAGO aims to reach USD 100 million in revenue by year-end.
Kenya's Shilling Holds Firm Below KSh130 Amid Strong Dollar Inflows
The Kenyan shilling remains stable below KSh130 against the US dollar due to strong foreign-exchange inflows and adequate reserves. The Central Bank of Kenya has maintained a sizeable buffer, allowing it to meet external payment obligations and smooth volatility in the foreign-exchange market.
Brent Leads WTI Higher as Tanker Traffic Through Hormuz Near-Stalls
The Brent crude oil price led WTI higher as U.S.-Iran talks failed again and tanker traffic through Hormuz slowed nearly to a standstill. Despite weakening demand forecasts and building U.S. crude inventories, buyers returned with both contracts gaining over 5% last week and rebuilding the supply premium due to worsening conditions.
Russian Grain Exports Plummet Amid Azov-Black Sea Logistics Failure
Russia's grain export strategy is facing significant challenges due to infrastructure damage and security risks in the Azov-Black Sea basin, with exports expected to drop by 2.3-fold in August.
K-Ramyeon Prices Rise Amid Soaring Raw Material Costs
South Korea's ramyeon manufacturers, including Nongshim, Samyang Foods, and Ottogi, have raised prices on various products due to increased raw-material costs. The industry posted solid first-half growth driven by strong overseas demand, but input costs from higher flour and palm oil prices are forcing price hikes. Overseas sales drove the gain for all three companies, with Nongshim's overseas sales surging 26.8 percent and Samyang Foods crossing the 600 billion won mark in overseas sales for the first time in the second quarter.
Torex Gold Shares Rise on Strong Q2 Cash Flow and Project Developments
Torex Gold Resources (TSX:TXG) saw its shares rise 4.03% on August 14, 2026, following strong Q2 cash flow and significant project developments. The company reported solid production performance, with revenue reaching approximately US$406.9 million and free cash flow around US$94.2 million. Torex's growth profile is expected to be boosted by its Media Luna North project, which will deliver first ore before year-end 2026 and commercial production thereafter, as well as the Los Reyes Preliminary Economic Assessment (PEA) outlining an estimated after-tax NPV of approximately US$1.49 billion.
Barrick Mining Posts Strong Q2 Results Amid Plans for North American IPO
Barrick Mining reported strong second-quarter results, with gold production up 11% and total revenues reaching $5.29 billion. The company plans to pursue a North American initial public offering (IPO) by year-end 2026, which will consolidate its premier North American gold assets under clearer ownership. However, bears caution that the earnings strength is tied to elevated gold prices and a pullback could compress margins.
Dubai Gold Prices Soar to Near-August High
Dubai's gold prices have surged to nearly its highest level of August, reaching Dh531 per gram for 24K gold. This represents a gain of nearly 9% over the past two weeks, with international gold also trading near $4,400 an ounce.