Base prices for flat stainless steel products in Europe fall by ?,?30 per tonne over the week ended Friday September 14, amid a stock sell-off ahead of an expected fall in the alloy surcharge for October deliveries.Metal Bulletin's weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was ?,?970-1,020 ($1,130-1,189) per tonne delivered o...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday September 14:The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday...Read More
Prices for steel scrap in Asia have rebounded this week on a revival of demand from buyers, with prices in both Vietnam and Taiwan on an upward trend, Metal Bulletin heard on Friday September 14.The continued buying in the Turkish import market this week has also bolstered sentiment among buyers, who felt that prices had bottomed out and were now beginning a gradual upswing.VietnamMetal Bulletin's...Read More
Both gold and the U.S. dollar closed lower on the day as the current trade dispute between the United States and China continues to be unresolved, and the increased probability that Trump will impose additional tariffs is heightened.This morning gold futures surged, trading to an intraday high of $1,218.00 per ounce before reversing direction and closing in the negative by $4.20. As of 4:30 PM Eas...Read More
JACKSON, Miss. (Reuters) - The Federal Reserve can continue raising interest rates for at least the next several quarters amid low unemployment and no sign inflation is about to take off, Atlanta Federal Reserve bank president Raphael Bostic said on Thursday.Bostic, a current voter on economic policy who has been wavering on whether the Fed should raise interest rates one or two more times this ye...Read More
(Kitco News) - Gold prices are modestly down in early-afternoon trading, on some fresh concerns regarding the U.S.-China trade war and a bounce in the U.S. dollar index up from its daily low. December gold futures were last down $2.40 an ounce at $1,208.50. December Comex silver was last down $0.048 at $14.24 an ounce. Gold prices dropped from moderate early gains in late-morning dealings followin...Read More
Editor's Note: Updating earlier story with more details from report, comments from analyst.(Kitco News) - Gold prices ticked from slightly lower to modestly higher Thursday after a softer-than-forecast government report showing U.S. consumer prices increased by a seasonally adjusted 0.2% during August.The core index for the Consumer Price Index, excluding the volatile food and energy sectors, was...Read More
Has gold proven that the bottoms are in? Is it safe to buy gold at these levels? We may have to check with Dustin Hoffman and Sir Laurence Olivier from the movie Marathon Man. Gold has certainly done a lot of technical work and appears to have made higher lows within the consolidation levels. Our $1,180 level held and then the higher low of $1,190 held, all good signs for gold. Gold is building a...Read More
(Kitco News) - As per our comment last week, we remain constructive on gold and continue to see the risk to the bear camp. The first nudge was the lower PPI print, which created some speculation that the Fed may be less aggressive going forward. Then came yesterday's suggestion that the U.S.-China trade war may be calming, with the U.S. invitation to the Chinese to continue dialogue. Interest rate...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
* Copper touches 2-week high on U.S.-China trade talks * GRAPHIC-2018 asset returns: (Adds closing prices) By Zandi Shabalala LONDON, Sept 13 (Reuters) - Copper rose to its highest levelin two weeks on Thursday after China said it welcomed aninvitation by the United States to hold a new round of tradetalks. The world's two largest economies have imposed tariffs on$50 billion of each other's goods...Read More
(Updates prices, adds analyst comment) By Renita D. Young NEW YORK, Sept 13 (Reuters) - Gold prices slid on Thursdayas investors purchased riskier assets instead of seeking a safehaven in gold, amid hopes for a new round of U.S.-China tradetalks. Spot gold declined 0.3 percent to $1,202.30 per ounceby 1:34 p.m. EDT (1734 GMT), after earlier hitting its highestlevel since Aug. 28 at $1,212.49. Bull...Read More
The latest news and price moves to start the Asian day on Thursday September 13.London Metal Exchange base metals prices were broadly higher at the close of trading on Wednesday September 12, propped up by a sizeable downturn in the US dollar index amid proposals of another round of trade talks between the United States and China. Read more in our live futures report.Here are how prices looked at...Read More
The latest news and price moves to start the Asian day on Thursday September 13.London Metal Exchange base metals prices were broadly higher at the close of trading on Wednesday September 12, propped up by a sizeable downturn in the US dollar index amid proposals of another round of trade talks between the United States and China. Read more in our live futures report.Here are how prices looked at...Read More
The latest news and price moves to start the Asian day on Thursday September 13.London Metal Exchange base metals prices were broadly higher at the close of trading on Wednesday September 12, propped up by a sizeable downturn in the US dollar index amid proposals of another round of trade talks between the United States and China. Read more in our live futures report.Here are how prices looked at...Read More
Base metal prices on the London Metal Exchange held steady at the close of trading on Thursday September 13, with the complex maintaining its midweek price gains amid a continued downturn in the US dollar index.The three-month copper price closed above $6,000 per tonne for the first time since August 30. It has gathered momentum since falling to its lowest point for more than a year on August 15,...Read More
Trade war-related currency fluctuations have led to an unexpected spike in Asia copper premiums after a fall in the yuan opened import arbitrage opportunities in the region. Premiums for Grade A cathodes basis cif Shanghai have leapt in the past week to their highest levels since February 2016, with material trading at up to $100 per tonne over LME cash prices. The daily premium reached $83-1...Read More
Metal Bulletin, a leading source of trusted and transparent commodities data for the metals and mining markets, has successfully completed an external assurance review of some of its benchmark prices carried out by independent professional services company PricewaterhouseCoopers (PwC).PwC reviewed benchmark assessment and index prices published by Metal Bulletin that fell within the scope of finan...Read More
Metal Bulletin, a leading source of trusted and transparent commodities data for the metals and mining markets, has successfully completed an external assurance review of some of its benchmark prices carried out by independent professional services company PricewaterhouseCoopers (PwC).PwC reviewed benchmark assessment and index prices published by Metal Bulletin that fell within the scope of finan...Read More
Key data from the Wednesday September 12 pricing session in Europe.Key drivers- Tight supplies in the European ferro-vanadium market sparked strength this week, with the upper end of the market surpassing $90 per kg.- Few consumers and traders were holding notable stocks so continued to show interest in the spot market amid rapidly rising prices.- More than 70 tonnes of ferro-vanadium were...Read More