The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. Chrome ore buyers in China have been anticipating lower offer prices for chrome ore, arguing that the rand depreciation means South African producers are earning more in their own currency when they sell...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. Chrome ore buyers in China have been anticipating lower offer prices for chrome ore, arguing that the rand depreciation means South African producers are earning more in their own currency when they sell...Read More
(Kitco News) - After a major sell-off, precious metals are a cheap buy for long-term investors, according to Wells Fargo Investment Institute, which highlighted silver as the best investment choice at the moment.“At the top of our commodity buy list are metals, especially precious metals. Silver looks to be the best buy,” Wells Fargo Real Asset Strategy head John LaForge said in a note...Read More
WASHINGTON (Reuters) - U.S. and Mexican trade ministers were set to resume talks over the North American Free Trade Agreement in Washington on Tuesday in a final push for a deal on autos that would open the door for Canada to return to negotiations this week.If Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer can resolve remaining bilateral issues, &ldquo...Read More
(Kitco News) - Gold prices are slightly higher in midday U.S. trading Tuesday. Prices did poke back above $1,200.00 overnight, as the U.S. dollar is under pressure today after President Trump expressed disappointment with the Federal Reserve. This week the gold and silver market bears are showing signs of exhaustion, to suggest near-term market bottoms are in place. December gold futures were last...Read More
Spot gold has been boosted by remarks from U.S. President Donald Trump criticizing Fed Chair Jerome Powell for hiking U.S. interest rates, says MKS (Switzerland) S.A. Further, MKS says, “continued demand out of China saw the on-shore premium move toward $6. It was a generally orderly ascent for gold, consolidating above $1,190 in early-session flows, before moving through $1,195....” S...Read More
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) announces changes to focus on operating mines and reduce costs. The company recently announced the temporary suspension of exploration and development work at its Ana Paula project to focus efforts and capital allocation on its two operating mines, San Francisco and Florida Canyon. Against this backdrop, the vice president of project development and th...Read More
(Kitco News) - Gold prices are moderately up in early U.S. trading Tuesday and poked back above $1,200.00, as the U.S. dollar is under some pressure after President Trump again admonished the Federal Reserve. This week the gold and silver market bears are showing signs of exhaustion, to suggest near-term market bottoms are in place. December gold futures were last up $4.40 an ounce at $1,198.80. S...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
After being beaten into submission, gold appears to have found a bottom and has pushed through $1,200. The $1,180 bottom was a natural level at which to look for support to hold, and the rally is not a huge surprise. Although gold is rallying as expected, this is not the time to get complacent or overconfident. We think the near-term lows are in and gold should rally to $1,220-$1,240 levels; howev...Read More
* China's growth-supporting moves to help copper * Strong resistance at $6,140 (Updates with closing prices) By Pratima Desai LONDON, Aug 21 (Reuters) - Copper climbed to one-week highson Tuesday as funds cut bets on lower prices and the dollarretreated from recent highs as the market waited for talks onthe U.S.-Chinese trade dispute. Benchmark copper on the London Metal Exchange endedup 0.9 perce...Read More
The latest news and price moves to start the Asian day on Tuesday August 21. Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. Read more in our live futures report. Here is how prices looked at the close of trading: Turkey has reques...Read More
The latest news and price moves to start the Asian day on Tuesday August 21. Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. Read more in our live futures report. Here is how prices looked at the close of trading: Turkey has reques...Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Tuesday August 21, underpinned by a retreat in the US dollar while international trade rifts continue to deter commodity investment. ...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
Metal Bulletin is opening a consultation on a proposal to reduce its assessment of Shanghai bonded copper stocks to once a month. Currently, Metal Bulletin assesses Shanghai bonded copper stocks fortnightly. Under the proposal, the assessment of Shanghai copper bonded stocks will take place on the first working day of each month. The reduction in frequency of the assessment will align the pub...Read More
High chrome ore stocks and dampened demand are weighing on chrome ore producers in Turkey who are also battling growing inflation, market participants told Metal Bulletin. ...Read More
John Porter will join CCMA as a trader focused on the special metals segment effective early September, leaving his current post at Arconic....Read More
High chrome ore stocks and dampened demand are weighing on chrome ore producers in Turkey who are also battling growing inflation, market participants told Metal Bulletin. ...Read More