LONDON (Reuters) - European shares edged higher on Thursday as corporate earnings boosted consumer stocks, although worries over China-U.S. trade tensions and new sanctions against Russia kept gains muted.While worries over an escalation in the trade dispute between the U.S. and China dampened market sentiment earlier on, a strong batch of earnings among consumer discretionary stocks helped the ST...Read More
(Kitco News) - Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S. trading Thursday. Both metals are seeing some stabilization this week after recently notching 12-month lows. December gold futures were last down $0.10 an ounce at $1,220.90. September Comex silver was last up $0.038 at $15.47 an ounce.Gold got a slight boost following this morning’s U.S. prod...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) reported a profitable second quarter Thursday as the cash cost of producing an ounce of silver, after byproduct credits, was in negative territory.The company also revised its production guidance higher to account for the recent acquisition of the Nevada properties from Klondex Mines Ltd.Net income was $11.9 million, or 3 cents per share, compared to a ne...Read More
Royal Gold, Inc. (Nasdaq: RGLD) reports net income of $26.7 million, or 41 cents per share, for its fiscal fourth quarter that ended June 30. Excluding special items, adjusted net income was $27.6 million, or 43 cents per share, up 39% from the prior-year quarter. The company reports a 3% year-on-year increase in gold-equivalent ounces to 89,000. For the fiscal year that ended June 30, Royal Gold...Read More
Every day I wake up thinking that we may see a new day for gold, and every day there is disappointment. The trade in gold is a lot like life -- good days, bad days, highs and lows. Like the markets, life never announces what is going to happen next. Gold is in a low period now; every day is a bad day. The action in gold feels like a bottomless pit with no hope that it will ever rally again. Trader...Read More
(Kitco News) - For traders, gold has offered a nice range over the past week. Buying the $1,207 support line and taking profits in the high teens has worked three times in the past week. In the doldrums of summer, it at a minimum keeps you awake. Given that there has been no fundamental change in interest-rate differentials and no flare-up of geopolitical tensions, one would expect the market to b...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
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More
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
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
Aluminium prices on the London Metal Exchange climbed 0.5% during morning trading on Thursday August 9, elevating a buffeted complex following the light metal's 3.2% surge at the close of trading on Wednesday. ...Read More
Molybdic oxide and ferro-molybdenum prices in Europe have dropped by about 3% so far in the week that began on Monday August 6, after strengthening to three-month peaks the week before, in line with domestic consumer demand....Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
Chinese cobalt sulfate prices continued to edge lower, although the pace of has declined slowed as spot prices have fallen to below production costs. ...Read More
Turkish deep-sea scrap import prices have gone down with the news of a fresh Baltic Sea cargo, despite overall demand still being very weak, sources said on Thursday August 9....Read More
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were positively higher in the morning of Thursday August 9, with the complex up an average of 0.4%. Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up 0.1%, consolidating after yesterday's strong surge of 3.2% amid industrial action at Alcoa's Pinjarra alumina refin...Read More