Commodities

Citadel Makes Over $1 Billion Trading Commodities In 2020

It’s not just J PMorgan that made a $1 billion trading commodities, at roughly the same time that it paid a record $1 billion fee for manipulating the gold market: Ken Griffin’s Citadel, where Ben Bernanke is a senior advisor, also had a great year in the sector with Reuters reporting that Citadel‚Äôs investments in…

Australia On Edge Over “Deeply Troubling” Reports China Placed Import Bans On 7 Commodities

Australia says it’s continuing to monitor what top officials have said are “deeply troubling” signs that China is actively initiating trade disruptions as retaliation amid downward spiraling relations between the two major trade partners. Since last week regional reports have said Chinese buyers were warned by Beijing not to purchase¬†seven categories of Australian goods, which…