Myra P. Saefong

San Francisco

Assistant Global Markets Editor at MarketWatch

Myra P. Saefong, reporter & assistant editor for MarketWatch, has covered the commodities sector for more than 20 years.

Articles

The Easter bunny is coming - and that's bad news for already record-high egg prices

1 week ago | morningstar.com | Myra P. Saefong

By Myra P. Saefong Dyeing Easter eggs and baking holiday treats is set to drive up demand for the cooking staple again Egg prices are at record highs - and Easter is about to make it even worse before it gets better. The good news is that gains in retail and wholesale prices are more tempered due to a decline in outbreaks of avian flu, also referred to as HPAI - highly pathogenic avian influenza - and a boost in imports contributing to a recovery in U.S. supplies.
The Easter bunny is coming - and that’s bad news for already record-high egg prices

1 week ago | marketwatch.com | Myra P. Saefong

Commodities CornerDyeing Easter eggs and baking holiday treats is set to drive up demand for the cooking staple againPublished: April 11, 2025 at 2:06 p.m. ETEgg prices are at record highs — and Easter is about to make it even worse before it gets better.
Stock Market on April 4, 2025: Dow plunges 2,231 points into correction territory while Nasdaq enters bear market; S&P 500 books biggest weekly drop since 2020 as China retaliates on tariffs.

2 weeks ago | marketwatch.com | Christine Idzelis |Tomi Kilgore |Vivien Lou Chen |Myra P. Saefong

Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
Oil prices are cratering on Trump’s tariffs. So why does OPEC+ think the world needs more crude?

2 weeks ago | marketwatch.com | Myra P. Saefong

Oil prices plunged to their lowest level since 2021 this week as investors attempted to gauge the potential economic shocks of the Trump administration’s widespread tariffs. While tariffs could risk a global slowdown, a powerful group of oil producers still thinks the world needs more crude. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, see now as the perfect time to accelerate their plans to boost production.
Even gold was hit by the global market selloff Thursday - but this is turning it around

3 weeks ago | morningstar.com | Myra P. Saefong

By Myra P. Saefong Gloomy economic growth outlook offers 'perfect backdrop for further gains in gold', says BullionVault's Adrian Ash Gold fell victim to a selloff in global markets Thursday after President Donald Trump announced wide-ranging tariffs on foreign imports - but it's still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day's settlement.
Even gold was hit by the global market selloff Thursday - but this is turning it around

3 weeks ago | marketwatch.com | Myra P. Saefong

Gold on Thursday was performing its “role as a store of value, providing liquidity in times of trouble,” said Brien Lundin of Gold Newsletter. Gold fell victim to a selloff in global markets Thursday after President Donald Trump announced wide-ranging tariffs on foreign imports — but it’s still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day’s settlement.
Why Trump's promised 'Liberation Day' tariffs may cause 'correction day' for oil

3 weeks ago | morningstar.com | Myra P. Saefong

By Myra P. Saefong Crude could make a 'beeline south before you can say demand destruction,' according to asset manager Oil markets strengthened to start the week, but expectations that energy demand will take a hit from President Donald Trump's planned rollout of reciprocal tariffs this Wednesday signal an upcoming "beeline south" for prices, according to one asset manager.
Another day, another record high for gold. Here’s what may spark a big pullback.

3 weeks ago | marketwatch.com | Myra P. Saefong

Gold prices saw another strong rally Monday, with prices continuing their run to record highs, but analysts warned that prices may soon see a pullback, despite uncertainty surrounding U.S. tariffs set for April 2 that has been supportive for the safe-haven asset. Prices that are now well above $3,000 an ounce may trigger some profit-taking, said Fawad Razaqzada, market analyst City Index and FOREX.com. “While dip buyers are lurking, a rug pull is becoming increasingly likely at these levels.”
Another day, another record high for gold. Here's what may spark a big pullback.

3 weeks ago | morningstar.com | Myra P. Saefong

By Myra P. Saefong Gold prices saw another strong rally Monday, with prices continuing their run to record highs, but analysts warned that prices may soon see a pullback, despite uncertainty surrounding U.S. tariffs set for April 2 that has been supportive for the safe-haven asset. Prices that are now well above $3,000 an ounce may trigger some profit-taking, said Fawad Razaqzada, market analyst City Index and FOREX.com.
Why Trump’s promised ‘Liberation Day’ tariffs may cause ‘correction day’ for oil

3 weeks ago | marketwatch.com | Myra P. Saefong

Oil markets were strengthening to start the week, but expectations that energy demand will take a hit from President Donald Trump’s planned rollout of reciprocal tariffs this Wednesday signal an upcoming “beeline south” for prices, according to one asset manager. Trump might be calling April 2 “Liberation Day,” but for oil bulls it could shape up more like “correction day,” said Stephen Innes, managing partner at SPI Asset Management.

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Myra Saefong @MktwSaefong

10 Apr 25

China's new tariff rate stands at 145%, not 125%, writes @vicrek https://t.co/pYIvTNjxjc via @marketwatch

Myra Saefong @MktwSaefong

10 Apr 25

U.S. oil falls back below $60 as EIA cuts price forecasts on demand-growth uncertainty https://t.co/RicOmOyQ0a via @marketwatch

Myra Saefong @MktwSaefong

10 Apr 25

Gold extends its rally into 3rd straight session, poised to tally fresh record high https://t.co/N83SuWgpbF via @marketwatch

Myra P. Saefong

Articles

The Easter bunny is coming - and that's bad news for already record-high egg prices

The Easter bunny is coming - and that’s bad news for already record-high egg prices

Stock Market on April 4, 2025: Dow plunges 2,231 points into correction territory while Nasdaq enters bear market; S&P 500 books biggest weekly drop since 2020 as China retaliates on tariffs.

Oil prices are cratering on Trump’s tariffs. So why does OPEC+ think the world needs more crude?

Even gold was hit by the global market selloff Thursday - but this is turning it around

Even gold was hit by the global market selloff Thursday - but this is turning it around

Why Trump's promised 'Liberation Day' tariffs may cause 'correction day' for oil

Another day, another record high for gold. Here’s what may spark a big pullback.

Another day, another record high for gold. Here's what may spark a big pullback.

Why Trump’s promised ‘Liberation Day’ tariffs may cause ‘correction day’ for oil

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