Largely overlooked at LME Week There...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 s...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
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade.Johnson & Johnson added $0.04 to $133.99 after reporting higher than consensus third quarter earnings. The company also raised guidance.Goldman Sachs added $2.66 to $217.88 after reporting higher than consensus third quarter earnings. Adobe (ADBE $238.01) is expected to open higher af...Read More
Gold prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday's small daily decline, gold futures had...Read More
WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.The data also showed a $119 billion budget surplus i...Read More
(Kitco News) - Gold prices are holding moderate gains in early-afternoon U.S. trading Monday. Early on, prices hit a 10-week high. Some more safe-haven demand, technical buying and short covering are boosting the yellow metal again today. The bulls have technical strength and momentum to suggest more gains are coming in the near term. December gold futures were last up $8.00 an ounce at $1,230.40....Read More
(Kitco News) - Sentiment appears to be shifting in the gold market and analysts are dismissing a new record in speculative bearish positioning shown in the latest data from the Commodity Futures Trading Commission (CFTC). The CFTC's disaggregated Commitments of Traders report (COT), for the week ending Oct. 9, showed money managers dropped their speculative gross long positions in Comex gold futur...Read More
Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold output totaled 57,163 ounces, which was up 54% from the same period a year ago, the company reports. Gran Colombia also says it still expects to produce between 210,000 and 220,000 ounces in 2018. For the first nine months of the year, production was 162,741 ounces, up 33% over the first nine months of 2017. This brings the trailing 12-months...Read More
(Kitco News) - First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter production hit a company record of 6.7 million silver-equivalent ounces, which was up 69% from 4 million in the same quarter of 2017, the company said Monday. The company also announced an effort to cut costs by 20%, although specifics were not released. Officials said this was a response to weak silver prices. T...Read More
On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this morning. The next key level to watch is $1,240. A breakout above brings $1,275 into play. The most important thing to remember now is not to chase the market higher. If you missed this rally, there will be other opportunities. Don't let the fear of mis...Read More
(Kitco News) - Gold prices edged up, trading near ten-week highs, as retail sales fell short of expectations in September. U.S. retail sales rose 0.1% in September following a downwardly revised advance of 0.1% in August, according to the latest data from the U.S. Commerce Department. Economists were expecting to see an increase of 0.7% in last month’s headline number. In an immediate reacti...Read More
Gold is getting a lift from geopolitical tensions at the start of a new trading week, says Phil Flynn, senior market analyst with at Price Futures Group. Just after 8 a.m. EDT, Comex December gold was $10.50 higher to $1,232.50 an ounce. The U.S. has threatened to punish Saudi Arabia if it turns out that journalist Jamal Khashoggi was killed in the Saudi consulate in Turkey, and Saudi Arabia respo...Read More
Prices for steel billet in the major global markets have gone down or remained stable during the working week from Monday October 8 to Friday October 12, amid poor demand and increasing supply.The major buying regions, such as Turkey the Middle East, were mostly quiet and no major trading activity was heard for billet, while only a few deals were heard in Southeast Asia.Southeast AsiaImport prices...Read More
Prices for steel billet in the major global markets have gone down or remained stable during the working week from Monday October 8 to Friday October 12, amid poor demand and increasing supply.The major buying regions, such as Turkey the Middle East, were mostly quiet and no major trading activity was heard for billet, while only a few deals were heard in Southeast Asia.Southeast AsiaImport prices...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade.Index futures moved slightly lower following release of economic news at 8:30 AM EDT. Consensus for September Retail Sales was an increase of 0.6% versus a gain of 0.1% in August. Actual was an increase of 0.1%. Excluding auto sales, consensus for September Retail Sales was an increase of...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Movements in the prices of base metals on the London Metal Exchange were mostly upward at the close of trading on Friday October 12.This was supported by the emergence of fresh buying amid a softer US dollar index and increased market optimism about trade talks between the United States and China.Most prominent among the gains in the complex over the afternoon was the rise in the three-month lead...Read More
Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More