Copper Trading – Buy Copper at CMP 418.20 for Target 420.50 – 421.50 with SL below price 415.90 Read More
Lindsay Dunsmuir, Pete SchroederWASHINGTON (Reuters) - If President Donald Trump’s comments that the Federal Reserve risked killing U.S. economic growth with higher interest rates was even discussed at a policy meeting that ended on Wednesday, there was no sign of it as the central bank indicated it would stick with its forecast of two more rate increases this year.The 273-word policy statem...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Wednesday. The metals and other markets showed little reaction to the just-released FOCM statement that showed no change in U.S. monetary policy. December gold futures were last down $4.30 an ounce at $1,229.40. September Comex silver was last down $0.089 at $15.47 an ounce.The FOMC meeting of the Federal Reserve that...Read More
(Kitco News) - The gold market is holding near session lows but is not seeing fresh selling pressure as the Federal Reserve leaves interest rates unchanged while keeping an optimistic tone on the U.S. economy and future interest rate hikes.In a highly anticipated move, the Federal Reserve left its Fed Funds rate in a range between 1.75% and 2%. On the economy, the central bank said that activity &...Read More
Today Lead Call – Buy Lead at CMP 146.10 Add more if price 145.50 for Target 147 – 147.90 with SL below price 144.80 Read More
TODAY LME INVENTORY STOCK REPORT : 01/08/2018Daily LME stock is as follows : Aluminium down by -1150MT, Copper down by -2475MT, Lead down by -100MT, Nickel down by -1782MT & Zinc down by -2000MT. Read More
Nickel Call – Buy Nickel at CMP 951.80 with SL below price 944 for Target 960 – 965 Read More
Today Copper – Copper BUY Call cc6 given at price 424.75 (425.50+424) hit SL at price 422.60. Total 2.15 Points per lot sl hitTIPS ID cc6 : Tips for Copper - Buy Copper Aug at CMP 425.50 Add more if price 424 with SL 422.60 for Target 429 - 430.50 Read More
Tips for Copper – Buy Copper Aug at CMP 425.50 Add more if price 424 with SL 422.60 for Target 429 – 430.50 Read More
(Kitco News) - Platinum group metals should rise in the last five months of 2018, with platinum returning to around $900 an ounce by year-end and palladium $950, Commerzbank said in report released on WednesdayAround mid-morning on Tuesday, platinum was at $818 an ounce and palladium was at $915.The supply/demand fundamentals of platinum and palladium differ strongly, which has been reflected in t...Read More
Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) reports higher second-quarter earnings and record cash flow, plus the company lists improved guidance for 2018. Production for the year is now targeted at over 635,000 ounces, up from 620,000 previously. Cash operating cash costs are now expected to average $400 to $425 per ounce sold, down from previous guidance of $425 to $450. Net earnings were...Read More
Tuesday saw gold make a nice rebound from yet another down day and close higher on the day. Today with the FOMC announcing a decision on interest rates, gold has found its way lower once again. Between today and Friday, there are two big news items that can change the course of the gold death spiral -- today's FOMC meeting and Friday's jobs report. The numbers by themselves are meaningless. The ke...Read More
The latest news and price moves to start the Asian day on Wednesday August 1.Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Read more here in our live futures report.Here are how prices looked at the close of trading:C...Read More
The latest news and price moves to start the Asian day on Wednesday August 1.Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Read more here in our live futures report.Here are how prices looked at the close of trading:C...Read More
The latest news and price moves to start the Asian day on Wednesday August 1.Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Read more here in our live futures report.Here are how prices looked at the close of trading:C...Read More
Zinc and lead smelter Nyrstar is ambivalent over changing dynamics in the zinc concentrates market, playing down attempts by Teck Resources in the past month to lower its reliance on long-term smelter partners.Teck, the market's main seller of annually contracted zinc concentrates, imported 1,000 tonnes of zinc concentrates from its Red Dog mine to China for the first time.The company is taking ad...Read More
Spot copper concentrate treatment and refining charges (TC/RCs) dropped at the end of July as labor negotiations soured at Escondida, the world's largest copper mine.The Metal Bulletin copper concentrates TC/RC index dropped by $3.10 per tonne/0.31 cents per lb to $83/8.3 cents per lb, breaking 3 1/2 months of gains.TC/RCs had risen sharply since May, when major smelter Sterlite Copper declared...Read More
Nickel closed more than 3% lower on the London Metal Exchange on Wednesday August 1, with recent gains unraveling amid a fresh trade rift between the United States and China. The three-month nickel price had climbed to their highest in more than two weeks on July 31, closing above $14,000 per tonne, but they sank towards $13,500 per tonne in Wednesday afternoon trading.Despite robust demand from t...Read More
Zinc and lead smelter Nyrstar is ambivalent over changing dynamics in the zinc concentrates market, playing down attempts by Teck Resources in the past month to lower its reliance on long-term smelter partners.Teck, the market's main seller of annually contracted zinc concentrates, imported 1,000 tonnes of zinc concentrates from its Red Dog mine to China for the first time.The company is taking ad...Read More