Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Pure Hydrogen (ASX: PH2) announced today that it isacquiring a 24% stake in H2X Global, which is building hydrogen fuelcell-powered trucks and buses for use in the Australian market. Pure Hydrogen sign...Read More
Nickel prices on the Shanghai Futures Exchange shot up to an all-time high during morning trading on Thursday October 21 amid a possible export ban on raw materials by Indonesia, among other bullish market dynamics.SHFE nickel was trading at 160,300 yuan ($25,071) per tonne at 11.30am Shanghai time, up by 10,720 yuan per tonne (7.17%) from a closing price of 149,580 yuan per tonne on Wednesday.Ind...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Pure Hydrogen (ASX: PH2) announced today that it isacquiring a 24% stake in H2X Global, which is building hydrogen fuelcell-powered trucks and buses for use in the Australian market. Pure Hydrogen sign...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
Update (1930ET): In a stunning development after hours, DWAC just topped $70, meaning it is up over 600% on the day...After being halted multiple times during the day...How long before Senator Warren demands this be removed from the exchange and that SPACs be immediately banned?Dear CNBC, it won't crush your ratings if you cover this at some point pic.twitter.com/l9IeVDlTaz- zerohedge (@zer...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollarare abit weaker in early U.S. trading Thursday, on a normal downside correctionfollowing strong gains this week that have pushed prices to a record high. TheBitcoin bulls have the st...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More
Turkish steel mills have continued their deep-sea scrap bookings with two Venezuelan cargoes, market participants told Fastmarkets on Thursday October 21.A steel mill in the Iskenderun region booked a Venezuelan cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $505 per tonne cfr late on Wednesday October 20. The cargo was scheduled to...Read More
NEW YORK/LONDON, Oct 21 (Reuters) - Bitcoin on Thursday pulled back from its all-time high struck a day earlier after the debut of the first U.S. bitcoin futures exchange-traded fund, though with more such ETFs set to launch, analysts questioned the impact on cryptocurrency investment flows.The world's largest cryptocurrency was down 3.02% at $64,000, at 10:45 a.m. Eastern time, after hitting a re...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Anglo American (AAL.L,AAM.SW) announced Thursday that its copper equivalent production is up 2% in Q32021 compared to Q3 2020, with the company's operating levels generallymaintained at approximately 9...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices lowerin early U.S. trading Thursday, on routine corrective pullbacks after recent gains.A firmer U.S. dollar index on this day is also a negative outside market elementfor the...Read More
Buyers in Taiwan continued to purchase containerized scrap cargoes at higher prices on Thursday October 21 amid bullishness in the spot market, sources said. Taiwan continues to book containerized cargoes at higher prices Spot prices in China edge down amid losses in finished steel futures Tokyo Steel announces another rise in domestic scrap purchase priceTaiwanTaiwanese buyers continued to secur...Read More
WASHINGTON (Reuters) - Federal Reserve ethics officials in March 2020 cautioned Fed policymakers about personal securities trading as the central bank geared up for what became a massive and wide-ranging effort to battle the pandemic and keep the economy and asset markets from crashing, the New York Times reported on Wednesday.The Times said it had confirmed the substance of a March 23 email from...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Orca Gold (TSXV: ORG)announced today that the company and the Government of Sudan signed all the keydevelopment agreements to proceed with the formal construction of a largecommercial gold operation at...Read More
LONDON (Reuters) - For all the angst caused by this year's 65% oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at least, can probably handle even costlier crude without too much stress.Alternative energy sources, a rise in less energy-intense service sectors, plus more efficient vehicles, gadgets and power plants mean that oil demand has ev...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - New Found Gold (TSXV: NFG,NYSE: NFGC) announced Thursday that it has arranged a non-brokered privateplacement with Mr. Eric Sprott of 5 million common shares of New Found, at aprice of C$9.60 per commo...Read More
Freeport-McMoRan's Indonesian unit plans to start long-term mine development activities at its Kucing Liar deposit, the company said.PT-Freeport Indonesia (PT-FI), in which Freeport holds a 48.76% stake and manages its mining operations, will develop the project over the next 10 years, the US copper producer said.At full operating rates, annual production from Kucing Liar is expected to exceed 500...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - According to a recent reportby ALROSA, the diamond market has fully recovered from the pandemic, andstructural decline in production due to stock depletion, coupled with growingdemand from end-users, c...Read More
Freeport-McMoRan's new Indonesian copper smelter will not be subject to export duties, the US copper producer said.The new greenfield smelter, currently delayed by Covid-19, is to be located in Gresik, Indonesia, and will have the capacity to process around 1.7 million tonnes of copper concentrate per year.The same applies to the company's precious metals refinery (PMR), which will process gold an...Read More
WASHINGTON, Oct 21(Reuters) - U.S. home sales surged to an eight-month high September, but higher prices as supply remains tight are squeezing out first-time buyers from the housing market.Existing home sales increased by 7.0% - the largest increase in a year - to a seasonally adjusted annual rate of 6.29 million units last month, the highest level since January, the National Association of Realto...Read More