(Kitco News) - Gold prices are firmer and scored a two-week high in early U.S. trading Tuesday. A weaker U.S. dollar index on this day is a bullish element for the precious metals markets. However, with little risk aversion among traders and investors at present, the upside for the safe-haven metals will likely be limited. December gold futures were last up $2.90 an ounce at $1,218.70. December Co...Read More
Gold continue to push higher with the $1,220 level in sight. On Friday we suggested that the bears were at risk and Powell's somewhat dovish stance created a small stampede through a tiny door. With the December rate hike now in question and the September increase fully priced in, the dollar took it on the chin and the move grew in momentum as trade tensions began to soften. The announcement of th...Read More
After months of getting hammered, gold appears to have found the bottom when it hit $1,180 a couple of weeks ago. Gold appears to be building a nice base here and $1,190 looks to be a higher low that should hold, although the new range in gold appears to be $1,180-$1,240. The healthiest move for gold now would be consolidation of a series of double tops and double bottoms, allowing gold to bu...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 28. ...Read More
Tin premiums were largely flat across regional spot markets on slow trading activity on Tuesday August 28, with several market participants on holiday, but the premium in Singapore rose for the first time in almost six months....Read More
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 (Nafta) agreement....Read More
Chinese vanadium export prices stabilized last week amid thin trading, while a lack of consumer interest in both the European and US markets led to narrower offer prices....Read More
Chinese domestic ferro-silicon prices rose on increased buying interest in the week to Friday August 24, while European and US markets remained stagnant amid a lack of consumer interest. ...Read More
Chinese vanadium export prices stabilized last week amid thin trading, while a lack of consumer interest in both the European and US markets led to narrower offer prices....Read More
Chinese domestic ferro-silicon prices rose on increased buying interest in the week to Friday August 24, while European and US markets remained stagnant amid a lack of consumer interest. ...Read More
Alumina prices fob Australia climbed over 7% on Tuesday August 28 to their highest in nearly four months, with extreme tightness in the market continuing to push the index higher....Read More
Turkish scrap import prices went up on Tuesday August 28 with news of a US cargo sold during the Eid al-Adha religious holiday last week....Read More
Turkish domestic scrap prices have recovered over the past two weeks with an uptick in imported scrap prices and slightly better demand for finished steel products, sources said on Tuesday August 28....Read More
Comex copper prices were once again trading in positive territory on Tuesday August 28 with a softer dollar lifting the entire base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were for the most part in positive territory on the morning of Tuesday August 28, with nickel prices bucking the trend with a 0.2% decline, while the rest were up by between 0.2% for copper at $6,082 per tonne and 0.7% for zinc at $2,545 per tonne.Volume has been above average with 8,473 lots traded as at 07.23am London time. This morning...Read More
Spot cobalt prices fell slightly in the week ended Friday August 24, despite signs that material was not as readily available as it had been in recent months, with some buyers yet to return from their summer break....Read More
Prices in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States fell during the week ended Tuesday August 28 on low demand in the Middle East-North Africa (Mena) region....Read More