Key data from the Wednesday August 29 pricing session in Shanghai....Read More
International metals group Liberty House will almost double production of hot rolled coil (HRC) at its Newport rolling mill in South Wales, UK, in 2018, the company said on Thursday August 30....Read More
International metals group Liberty House will almost double production of hot rolled coil (HRC) at its Newport rolling mill in South Wales, UK, in 2018, the company said on Thursday August 30....Read More
Both the NASDAQ Composite and the Standard & Poor’s 500 closed at new record highs today, with tech and oil stocks fueling this most recent rally. The NASDAQ, which broke above 8,000 earlier this week, hit a new milestone today as the tech-heavy composite index closed above 8,100.As of 4:12 PM Eastern standard time, the composite index is currently trading at 8,108.36, a net gain of almo...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our mar...Read More
(Kitco News) - WASHINGTON (Reuters) - U.S. federal regulators on Wednesday ordered BNP Paribas (BNPP.PA) to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp for attempted manipulation of the ISDAFIX benchmark.The Commodity Futures Trading Commission order found that BNP Paribas attempted to manipulate the benchmark to benefit its derivatives positions in i...Read More
(Kitco News) - Gold and silver prices are modestly lower in early-afternoon U.S. trading Wednesday. Prices have moved off their daily lows, however. With little risk aversion among traders and investors at present, the safe-haven metals remain on shaky ground. December gold futures were last down $1.90 an ounce at $1,212.60. December Comex silver was last down $0.059 at $14.84 an ounce. U.S. stock...Read More
Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces a series of measures to reduce capital, operating and other costs after a drop in precious-metals prices, officials say. Also, production at the El Compass plant has been temporarily suspended. “Enhanced cost discipline is the prudent course of action for mining companies during times of lower metal prices, especially when inve...Read More
Holdings of gold by global exchange-traded funds are continuing to decline, reports Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. They give investors exposure to the gold price without incurring certain expenses such as assaying and storage. “ETF investors - [who] tend to take a longer-term view - are continuing...Read More
(Kitco News) - The gold market remain under pressure as momentum in the U.S. economy pushed higher in the second quarter.Wednesday, the second reading of second-quarter Gross Domestic Product showed the U.S. economy grew 4.2%. The data was slightly stronger than expected as consensus forecasts were calling for growth of 4%.Gold prices were in negative territory ahead of the report, weighed down by...Read More
(Kitco News) - Gold failed to push through the $1,212 level yesterday as the dollar regained some strength. Dollar was up .5% and gold down .5%. With the loss of momentum at the $1,212 area yesterday, traders took some money off the table from gold's recent 3% bounce. Until we see a significant change in perception, gold will continue to struggle to regain recognition as a necessary short-term hol...Read More
SANTIAGO (Reuters) - On Chilean water regulator Oscar Cristi's desk, a small white espresso cup teeters atop piles of documents and loose folders that appear on the point of collapse, perhaps an apt metaphor for the growing water crisis in parts of the Andean country.Sitting in his eighth-floor office adjacent the presidential palace, Cristi, a PhD economist, lays out a map of Chile showing key wa...Read More
The latest news and price moves to start the Asian day on Wednesday August 29.Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area agreement. Read more here in our live futures report.Here is how prices looked at...Read More
The latest news and price moves to start the Asian day on Wednesday August 29.Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area agreement. Read more here in our live futures report.Here is how prices looked at...Read More
Base metal prices on the London Metal Exchange were largely lower at the close of trading on Wednesday August 29, pressured by investor uncertainty over US-Sino trade relations while positive second-quarter GDP growth indicated strength in the US economy. ...Read More
In-warehouse Shanghai zinc premiums ticked up due to active import business in the week ended Tuesday August 28, while global lead premiums were mostly steady in the ongoing quiet summer period. ...Read More
Participants in China's nickel market reported an increase in domestic nickel supply and premium ranges in the market widened Tuesday, while premiums in the European nickel market were flat for the last leg of the summer lull....Read More
Price spreads widened in the European molybdenum markets in the middle of the week that began on Monday August 27, after easing the week before, sources told Metal Bulletin this week....Read More
Key data from the Wednesday August 29 pricing session in Europe. ...Read More
BHP expects grade differentials to persist in the iron ore market, with iron units in ore and penalties for impurities expected to remain the key drivers of the trend....Read More