* Dollar tops 107 yen, at nine-month peak against currency basket* Treasury yields highest since Jan on inflation, supply risks* European shares, Nikkei jump, but Asia shares ex-Japan skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic...Read More
Investing.com - Gold prices fell to a more than five-month low on Monday, extending four straight sessions of losses as market players continued to dump the yellow metal in wake of Donald Trump's victory in the U.S. presidential election.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank to an intraday low of $1,212.00 a troy ounce, a level not seen since Jun...Read More
Investing.com - Gold prices fell to five month lows on Friday as risk appetite recovered following Donald Trump's victory in the U.S. presidential election, sapping investor demand for safe haven assets.Gold for December delivery on the Comex division of the New York Mercantile Exchange settled down 3.10% at $1,227.15 a troy ounce, the lowest close since March 6.Market sentiment was boosted by opt...Read More
While gold's initial rally following Donald Trump's victory in the US presidential elections have evaporated, the rally in industrial metals continued on Friday with the copper price jumping to a 17-month high.In pre-regular hours trade on Friday copper for delivery in December gained 4% from Thursday's close trading as high as $2.6525 per pound ($5,847 a tonne) in New York, the highest sin...Read More
* Emerging markets hit by surging U.S. yields* Italy leads European bond slide* Copper above $6,000, best week in decadesBy Jamie McGeeverLONDON, Nov 11 (Reuters) - The global bond market rout continued on Friday, driving up Italian yields and hammering emerging markets as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from these asset...Read More
Investing.com - Gold prices dropped to fresh four-week lows on Friday, as market sentiment continued to improve amid growing optimism surrounding the effects of a Trump presidency on the U.S. economy.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.71% at $1,257.35.The December contract ended Thursday's session 0.56% lower at $1,266.40 an ou...Read More
(Adds futures)Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher 8 points on Friday, according to financial bookmakers, with futures FFIc1 up 0.04 percent ahead of the cash market open.* The UK blue chip index fell 1.2 percent on Thursday, breaking a three-day climb and retreating from its highest level since late October as gold miners and defensive stocks slipped amid expec...Read More
* Nikkei soars 2.8 pct on the week* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains on profit-takingBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei stood firmer on Friday, not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth.The Nikkei .N225 gained 0.2 percent to 17,374.79...Read More
Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points on Friday, according to financial bookmakers.* The UK blue chip index fell 1.2 percent on Thursday, breaking a three-day climb and retreating from its highest level since late October as gold miners and defensive stocks slipped amid expectations of a big U.S. economic stimulus based on President-elect Donald Trump's pled...Read More
* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains in mid-morning trade* Hopes Trump policies could boost U.S. growthBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei share average rose to a nine-month peak on Friday morning led by financials taking heart from rising yields, and sentiment was boosted after U.S. shares soared on hopes that President-elect Donald Tru...Read More
* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of U.S. markets, oil settlement prices)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the like...Read More
* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of European markets)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday as investors reassessed positions after a rally in the prior session, while U.S. bond yields continued to climb on fears of a revival in inflation un...Read More
South Africa's Harmony Gold (JSE:HAR) (NYSE:HMY), the world's fifth largest producer of the precious metal, has kicked off its 2017 financial year on a good note, reporting increased production, stronger cash flows and the payment of a shareholder dividend.The company, which is also South Africa's third-largest gold miner, said revenue jumped by 16% to $374 million when compared to the previou...Read More
Operations at Hudbay Minerals' (TSX, NYSE:HBM) Constancia copper-molybdenum mine in Peru remained suspended Thursday as a group of locals that has occupied parts of the pit since Monday evening refuse to leave the site.The trespassing by the crowd of about a thousand, according to local paper La Republica (in Spanish), forced Hudbay to temporarily suspend operations as a safety measure to protect...Read More
While the gold price has given up much of its initial surge following Donald Trump's victory in the US presidential elections, staying stuck below $1,300 early on Thursday, the rally in industrial metals were only gaining momentum.In pre-regular hours trade on Thursday copper for delivery in December jumped more than 10 cents from Wednesday trading as high as $2.5910 per pound ($5,712 a tonne...Read More
* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Updates to U.S. market open; changes byline, dateline; previous LONDON)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets stalled on Thursday as investors reassessed positions after Tuesday's U.S. presidential election, while U.S. bond yields continued to cli...Read More
Ecuador may soon welcome mining majors BHP Billiton (ASX:BHP) and Hancock Prospecting after country authorities qualified recent talks with such companies as positive.Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by year-end.According to Mining Minister Javier Cordova Unda, BHP is keen on a few copper projects, including one that would im...Read More
In early trade on Tuesday copper for delivery in December held onto six-month highs with copper futures exchanging hands for $2.3085 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.Copper has risen during 11 of the last 12 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumpe...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were being hammered Monday after the Canadian explorer revealed results of new preliminary studies which show the cost of building its massive gold-copper project in northern British Columbia, would be about $5 billion.While the KSM project is considered the world's largest undeveloped gold-copper project by reserves, the amount needed to turn it int...Read More
In early trade on Monday copper for delivery in December touched six-month highs with copper futures exchanging hands for $2.3125 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.Copper has risen during 10 of the last 11 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumped...Read More