(Kitco News) - Gold prices are moderately up and at their daily highs in late-morning action Monday. Overnight losses were seen as a buying opportunity by many traders--especially after the solid gains on Friday that produced a technically bullish weekly high close in prices. The U.S. dollar index has also dropped lower and is trading near its session low at present, which is also benefitting the...Read More
The U.S. dollar has given up some of its recent gains and Treasury yields have fallen back, with some apparent cooling of the U.S. economy, although expectations remain for another Federal Reserve rate hike in September, says Brown Brothers Harriman. “The forces that had pushed the U.S. 10-year Treasury yield to 3% and the dollar above JPY113 at the start of the month, and the euro to $1.13...Read More
(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Monday. The world marketplace is quieter to start the trading week, with little risk aversion among traders and investors. That's a bearish element for the safe-haven gold and silver markets. Gold prices are also seeing a mild corrective pullback following strong gains Friday that produced a technically bullish weekly h...Read More
Base metals prices on the Shanghai Futures Exchange gave a mixed performance during Asian morning trading on Monday August 27, with copper, zinc and tin moving up while the others were little changed to weaker. Continued weakness in the dollar provided broad-based support to the SHFE base metals, while copper prices were further buoyed by an improved fundamental backdrop.The most-traded October co...Read More
Mining operations have been suspended at the Tshipi Borwa Manganese Mine on the orders of South Africa's Department for Mineral Resources (DMR), the mine's owner has announced."Jupiter has been informed that the South African Department of Mineral Resources has served a Section 54 notice on the Tshipi Borwa Manganese Mine. It cites breaches relating mainly to recent pit wall failure and to drillin...Read More
Mining operations have been suspended at the Tshipi Borwa Manganese Mine on the orders of South Africa's Department for Mineral Resources (DMR), the mine's owner has announced."Jupiter has been informed that the South African Department of Mineral Resources has served a Section 54 notice on the Tshipi Borwa Manganese Mine. It cites breaches relating mainly to recent pit wall failure and to drillin...Read More
South America's import prices for some flat steel products went down last week due to renewed offers from China....Read More
North China's hot-rolled coil prices fell amid futures market losses on Monday August 27 though those in the country's eastern region bucked the trend amid expectations of demand becoming more robust in the months to come....Read More
China's ferrous futures tumbled across the board during morning trading on Monday August 27, with the rebar contract leading the downtrend....Read More
Import prices for rebar in Singapore held steady over the past week amid limited negotiations in the spot market....Read More
China's domestic rebar prices fell on Monday August 27 amid weakness in the futures market and soft demand....Read More
Venezuela's export market for hot-briquetted iron (HBI) weakened further after one producer cut its price to conclude a deal. ...Read More
Buyers in the United States pushed pig iron prices below $400 per tonne during the week ended Friday August 24 amid a weak scrap market. ...Read More
GlobalOre has added Metal Bulletin's 62% Fe Iron Ore Index - Low Alumina (MBIOI-62-LA) to its list of indices available for trading via the platformin response to requests from a number of active members in its physical trading community, the company said on Monday August 27, the day the index was launched.The new index was proposed following market demand for increased price transparency for...Read More
The global steel billet markets remained basically stable in the week from Monday August 20 to Friday August 24, with prices in Southeast Asia and the CIS region continuing to soften on the fallout from the weakening of the Turkish lira.Islam's Eid al-Adha religious holiday, which lasted all week, essentially closed the markets in Turkey and many other Muslim countries.ChinaAt 3pm on Friday, bille...Read More
Venezuela's export market for hot-briquetted iron (HBI) weakened further after one producer cut its price to conclude a deal. ...Read More
Buyers in the United States pushed pig iron prices below $400 per tonne during the week ended Friday August 24 amid a weak scrap market. ...Read More
South America's import prices for some flat steel products went down last week due to renewed offers from China....Read More
GlobalOre has added Metal Bulletin's 62% Fe Iron Ore Index - Low Alumina (MBIOI-62-LA) to its list of indices available for trading via the platformin response to requests from a number of active members in its physical trading community, the company said on Monday August 27, the day the index was launched.The new index was proposed following market demand for increased price transparency for...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 27.Base metals prices on the Shanghai Futures Exchange gave a mixed performance during Asian morning trading on Monday, with copper, zinc and tin moving up while the others were little changed to weaker.Continued weakness in the dollar provided broad-based support to the SHFE bas...Read More