Global antimony prices were under pressure last week, falling both in China and Europe, following on from continued weak demand for the metal.Fastmarkets MB assessed standard grade-II antimony prices, in-warehouse Rotterdam, at $8,150-8,450 per tonne on Friday October 19, stable from Wednesday, when prices had fallen from $8,400-8,600 per tonne.The trioxide grade price was also steady at $8,150-8,...Read More
Secondary aluminium market participants from around the world will be heading to Amsterdam from November 6-8 to attend Fastmarkets MB's 26th Secondary Aluminium Conference for insight on the 2019 market and to negotiate annual deals.The conference comes at a time where macroeconomic issues have had massive influence on global aluminium markets. Participants are determining how the United States' s...Read More
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Firm dollar and equity sell-off hit...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Aluminium LME aluminium prices continue to test...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More
Week in review: Down last week... ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon a...Read More
Lead prices drop back into...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&...Read More
Smaller deficit reported for August feels more realistic...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download t...Read More
Week in review The LME 3M...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&#...Read More
U.S. equity index futures were lower this morning. S&P 500 Index dropped 38 points in pre-opening trade. Futures responded to a fall in European and Asian equity indices.United Technologies dropped $0.50 to $125.90 despite after reporting higher than consensus third quarter sales and earnings. The company also raised guidance.MMM fell $13.36 to $188.00 after reporting lower than consensus thir...Read More
Slowing momentum in China remains a...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
The most prominent characteristic of gold pricing has been its narrow and tightly defined trading range. On October 11, gold gained over $30 in trading, breaking above key levels of resistance. These resistance levels began at $1,200, a key psychological level, the 50-day moving average which was at $1,204, and finally the 0.618% retracement level at $1,217.60. From there, gold prices began to tra...Read More
(Kitco News) - Interest in gold as a portfolio hedge is coming back this fall, with Bank of America Merrill Lynch (BAML) strategists projecting to see another short-covering rally in the near future.BAML’s positive gold outlook is based on extreme short positioning in gold futures, weaker U.S. dollar forecasts, and investors’ increased demand for a portfolio hedge, the bank’s str...Read More
(Kitco News) - Although gold is one of the top traded assets in the world when compared to other markets like U.S. bonds or foreign exchange, it is hugely inefficient, but one fund manager thinks this is going to change. Peter Grosskopf, CEO of Sprott More than a decade ago exchange-traded products revolutionized the gold market, and the yellow metal is on the cusp of a new digital revolution,...Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday, pressured by a return of trader and investor risk appetite to the world marketplace to start the trading week—despite some potentially disruptive elements that still loom over the stock and financial markets. A stronger U.S. dollar index on this day also worked against the precious metals markets. Decembe...Read More
Image: freemind-production/Shutterstock.com (Kitco News) - Sotheby’s gold auction that featured a gold Ferrari and a gold Kate Moss sculpture among other items collected a total of $3.9 million in sales.The first ever gold auction, titled ‘The Midas Touch,’ was organized due to rising demand for the precious metal, according to Sotheby’s. The exclusive event was held O...Read More
(Kitco News) - Gold prices are holding moderate losses and have slightly extended overnight declines, as midday approaches. The U.S. dollar index has moved to its daily high, which has added some downside pressure on the gold and silver markets.However, losses in gold are being somewhat limited by ongoing concerns about the health of the U.S. stock market following recent selling pressure that did...Read More
(Kitco News) - Large speculators cut their net-bearish positioning by more than half during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.During the week-long period to Oct. 16 covered by the data, Comex December gold rose by $39.50 to $1,231 an ounce, while December silver climbed 30.1 cents to $14.701.BMO Capital Markets said gold prices rallied on...Read More