(Kitco News) - Gold and silver prices are lower in early-afternoon U.S. trading Wednesday. Gold dropped to a four-week low today. The precious metals were pressured in part by a resumption of the appreciation of the U.S. dollar on the foreign exchange market. The U.S. dollar index hit a 3.5-month high today. The USDX has also seen a bullish upside technical breakout on the daily chart, to suggest...Read More
Lead Tips Online – SELL Lead at CMP 154.45 for Target 153.40 – 152.60 with SL Above price 155.65AFTER POST CONTENT Read More
Free Aluminium Tips – Aluminium HNI Sell call 63f given at price 178.50 Achieved 1st Target 150. CMP 146.80. Total Profit of 31.7 Points / Rs 1,58,500 per lot63f : Aluminium HNI Call - SELL Aluminium April at CMP 178.50 for Target 150 - 145 with SL Above price 185.50AFTER POST CONTENT Read More
(Kitco News) - Although gold equity companies continue to struggle to attract investor interest, one of the market’s newest gold producers is expecting it’s only a matter of time before sentiment will shift. In an interview with Kitco News, Ken Berry, CEO of Northern Vertex Mining Corp. (TSX.V: NEE), said that there has been no better time for investors to look at commod...Read More
(Kitco News) - Four major gold producers are betting that a new digital gold market will bring millennials to the table and revitalize the marketplace.On Wednesday, new fintech startup Tradewind announced that it raised $10.6 million in a strategic placement. The investment was led by Agnico Eagle (NYSE: AEM, TSX: AEM), IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (NYSE: WPM, TSX: WPM...Read More
With all the panic in equities Tuesday, the metals did not rally enough, indicating that they are headed lower. Goldlooks to be headed for $1,300 and silver $16.40, where they should find some support. The metals markets look weak, especially when looking at the troubles equities are having. The action should have created more upward momentum in the metals, but it did not. This suggests that the t...Read More
Gold is back on the defensive yet remains within the wide trading band that has been in place all year so far, says Lukman Otunuga, research analyst at FXTM. “An aggressively appreciating dollar, expectations of higher U.S interest rates and easing geopolitical tensions are the most likely culprits for the yellow metal’s depreciation,” the analyst says. “With the dollar exp...Read More
The latest news and price moves to start the Asian day on Wednesday April 25.Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Tuesday April 24, with aluminium and nickel continuing to drop while copper bucked the trend. Read more in our live futures report.Here are how prices looked at Tuesday's close:Alumina prices set a fresh multiyear high on April 2...Read More
The latest news and price moves to start the Asian day on Wednesday April 25.Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Tuesday April 24, with aluminium and nickel continuing to drop while copper bucked the trend. Read more in our live futures report.Here are how prices looked at Tuesday's close:Alumina prices set a fresh multiyear high on April 2...Read More
Sanction panic in the aluminium market has calmed following the US Department of the Treasury's Office of Foreign Assets and Control's (OFAC) slight loosening of sanctions involving Rusal material. The OFAC said on April 23 companies now have until October 23, instead of June 5, to wind-down contracts with Rusal. The London Metal Exchange has followed the same guidelines, including the updated sta...Read More
Metal Bulletin will follow guidance provided by the US Office of Foreign Assets Control (OFAC) and the London Metal Exchange on the treatment of Rusal production when assessing its aluminium premiums.Transactions, bids and offers in the US, Japanese and European markets for Rusal's aluminium ingots and products produced after April 6 will be discarded and not taken into consideration when assessin...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment.The metal recorded its widest intraday price move in a week, reaching a low of $3,129.50 per tonne. Positive backdrops continue to support a potential uptrend for zinc however, with Metal Bulletin's...Read More
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
The global aluminium market is facing "increased market uncertainty" following the United States' import tariffs on the metal, sanctions on UC Rusal and the Brazilian authorities' order to halve production at Alunorte refinery, Norilsk Hydro said on Wednesday April 25. "The US sanctions on Rusal have caused great uncertainty in the world's aluminium markets and will impact trade flows and availabi...Read More
The manganese supply squeeze continued to push manganese flakes higher this week, with prices climbing more than 8%.Metal Bulletin assessed the manganese flake in-warehouse price at $2,495-2,640 per tonne on Wednesday April 25, up 8.7% from the previous assessment and trading at levels last seen in December 2016. The supply squeeze in Rotterdam and a lack of offers from China have pushed manganese...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish steel producers returned to the deep-sea scrap markets for UK-origin cargoes on Wednesday April 25, with prices going down slightly.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $341.07 per tonne cfr, down by $1.53 per tonne day-on-day.The daily index for similar US-origin material closed at $349.67 per...Read More
CLSA's Andrew Driscoll has topped the base metals leader board in the Apex first-quarter 2018 contest, with an accuracy rating of 98.56%, while Georgette Boele of ANB Amro was top of the precious metals table with 98.20% accuracy.Click on the image below to download the full report. Second in the base metals leader board is Edward Meir of INTL FCStone with 98.43% accuracy, while Citi's Nell Agate...Read More
Comex copper prices dipped in morning trading on Wednesday April 25 amid a rising dollar and a lack of fresh catalysts. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.40 cents or 0.4% to $3.1280 per lb. The contract has been unable to set clear price direction over the past few weeks....Read More
The International Monetary Fund (IMF) has recently raised its economic growth forecast for Latin America and the Caribbean while a gradual recovery continues in the region, which was severely affected by the 2014-16 decline in commodity prices.The region's gross domestic product (GDP) is now expected to rise by 2% year-on-year in 2018, against a previous forecast of a 1.9% increase, the IMF said i...Read More