TODAYS LIVE LME STOCK DATATodays Live LME Stock Data : ALUMINIUM +875 , COPPER -625 , NICKEL +1452 , LEAD -900 , TIN +60 AND ZINC +17200 Read More
(Kitco News) - President Trump's jab at the Fed for raising rates, which created a short covering rally last week, has faded from traders' memories. Even his overt threat toward Iran failed to ignite investor interest. Instead, the jump higher in the 10-year bond benefitted flows back into the dollar and gold backed off Friday's highs. Investors are losing patience and the weakness this morning ha...Read More
Zinc Level – Zinc Aug Buy Carry call c4e given at price 178.65 (179+178.30) Achieved 1st Target 180.20 & 2nd Target 181. CMP 181.10. Total profit of 2.45 x 2 lot = 4.9 PointsTIPS ID c4e : Zinc Carry Call - BUY ZINC Aug at CMP 179 Add more if price 178.30 for Target 180.20 - 181 with SL 177.80 Read More
(Kitco News) - Money managers have moved to a large net bearish position in gold futures, but some analysts are suggesting this may be a sign of an overextended market that could be ripe for some kind of bounce.Selling by these accounts pushed gold sharply lower during the week-long period to July 17 covered by the most recent positioning data compiled by the Commodity Futures Trading Commission....Read More
(Kitco News) - Gold prices continued to trade under pressure, remaining near daily lows following the news that U.S. consumers bought less pre-existing homes in June, according to the latest report from the National Association of Realtors (NAR).Existing home sales decreased 0.6% last month to a seasonally adjusted and annualized rate of 5.38 million units, compared to May’s annualized rate...Read More
(Kitco News) - Kelvin Dushnisky will be leaving his position as president of Barrick Gold Corp. (NYSE, TSX: ABX) to become chief executive officer of AngloGold Ashanti Ltd. (NYSE: AU; JSE: ANG; ASX: AGG), the companies announced Monday. Kelvin Dushnisky(Photo courtesy of Barrick) Dushnisky will depart from Barrick, the world’s largest gold producer, at the end of August, the company s...Read More
While many wish and predict that gold has hit bottom, the charts tell a different story. The $1,240 area is now a major resistance level, and gold is more likely to break to the downside, probably below $1,200. Our next target and support level is $1,180, although a bounce from $1,200 would be no surprise. On Thursday, gold printed new yearly lows and bounced, looking like it had made a new bottom...Read More
Steel billet prices were steady or fell in most global markets in the week from Monday July 16 to Friday July 20, with a variety of factors being cited by market participants....Read More
Steel billet prices were steady or fell in most global markets in the week from Monday July 16 to Friday July 20, with a variety of factors being cited by market participants....Read More
Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancelation of more than 32,000 tonnes of the metal across Europe....Read More
UC Rusal's share value rose by 14.8% on the Hong Kong Stock Exchange on Monday July 23 after the US Treasury said late on Friday it was open to lifting sanctions on the Russian aluminium producer. ...Read More
The London Metal Exchange's nearby aluminium spread swung to a contango on the afternoon on Monday July 23 from a backwardation of $55 per tonne earlier. ...Read More
Canada-headquartered lithium producer Desert Lion Energy has confirmed that it made its first shipment of lepidolite concentrate from its nameplate operation in Namibia on May 1 this year....Read More
Chinese domestic ferro-chrome prices softened for the third consecutive week after supply outstripped spot demand, while globally liquidity was light due to holidays and an ongoing standoff in the imported charge chrome and UG2 markets. ...Read More
The commodities most affected so far by the trade spat between China and the United states are soybeans, steel and aluminium - but what if the list were extended in China to cover copper, namely concentrates and scrap?...Read More
Spot cobalt prices fell again last week amid continued pressure from summer destocking....Read More
Turkish steel mills have continued to book deep-sea scrap for August deliveries but with little change in prices, sources said on Monday July 23....Read More
The commodities most affected so far by the trade spat between China and the United states are soybeans, steel and aluminium - but what if the list were extended in China to cover copper, namely concentrates and scrap?...Read More
The price of Turkish domestic auto bundle scrap has been steady over the past week while the price of ship scrap has risen slightly because of improved demand from a steel mill in the Izmir region, sources said on Monday July 23....Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% on the morning of Monday July 23. Gains were ranged between 0.1% for aluminium and 1.2% for zinc, with copper up by 0.3% at $6,172 per tonne.Volume has been above average with 10,555 lots traded across the complex as at 7.49am London time. This follows a strong performance by the LME base met...Read More