(Kitco News) - Gold prices are at their daily highs and moderately up in late-morning price action Friday. Safe-haven buying interest has kicked in heading into an uncertain weekend on the foreign exchange front. Currency markets are roiled and the U.S. dollar index has hit a 13-month high as the Turkish lira is in trouble, with European countries also having troubling exposure to Turkish debt. Al...Read More
(Kitco News) - Gold prices remain on the back foot, unchanged on the day, following in-line consumer inflation data last month.Friday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.2% in July, after increasing 0.1% in June. The in-line inflation print has left annual data unchanged at 2.9%, which indicates little momentum in rising prise pressures.Monthly core inflation, whic...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
Interesting action in gold overnight -- the equities were selling off hard and so was gold. This is one of the reasons gold is not a hedge against the equity market; it's just a hard asset. One would have thought that based on the pounding gold has taken, it would be spiking higher, but no, the sellers are still the strong hands. There will be a point and time when gold becomes loved again; when a...Read More
The latest news and price moves to start the Asian day on Friday August 10.The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows. Read more here in our live futures report.Here is how prices l...Read More
The latest news and price moves to start the Asian day on Friday August 10.The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows. Read more here in our live futures report.Here is how prices l...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Friday August 10, with most metals erasing their midweek surge after the dollar rocketed to its highest level in over a year. ...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing session ending August 10....Read More
Key data from the pricing session ending August 10....Read More
Chinese alumina prices could rise due to declining domestic bauxite quality, with refineries turning to seaborne markets to supplement raw material supply, delegates heard at the China Aluminium Industry Summit in Harbin on August 7-10. ...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Antimony prices in Europe jumped above $8,000 per tonne on Friday August 10, an increase of 1.2% from the midweek assessment, fueled by the news that China has seized over 3,000 tonnes of smuggled antimony. ...Read More
Austenitic alloy scrap prices in Europe and the UK edged higher in Metal Bulletin's assessments on Friday August 10 on firmer nickel costs....Read More
The UK light iron scrap market held steady this week, with inter-merchant prices unchanged for the second week in a row amid reports of monthly delivery contracts to domestic consumers being settled at prices around ?15 per tonne lower than in July....Read More
Global scrap prices have declined in key regions from the levels they showed a week ago, with the weakening Turkish lira damping sentiment in what is the world's largest scrap import market.Taiwanese import and US export prices followed those in Turkey, with prices in the two regions tumbling. And fresh trade actions announced by the United States on Friday August 10 could further destabilize the...Read More
Comex copper prices staggered lower on Friday August 10, after hitting a one-week high yesterday, amid a surging dollar and continued worries over US trade policy. ...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More