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

ROME, Oct 29 (Reuters) - Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they would take steps to ensure 70% of the world's population is vaccinated against COVID-19 by mid-2022 and created a task force to fight future pandemics.They could not reach agreement on a separate financing facility proposed by the United States and Indonesia, but said the task forc...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) -Yesterday, African Gold Group(TSX-V: AGG) announced that the Ministry of Environmental and SustainableDevelopment of the Republic of Mali has approved the Environmental and SocialImpact Assessment ("ESI...Read More

The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...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) -Impala Platinum (JSE: IMP,Implats), a leading producer of platinum group metals, announced today that inSeptember quarter 2021, its total 6E PGM concentrate volumes decreased 6% to809,000 ounces, with a...Read More

Global ferrous scrap prices showed varying fortunes in the week ended Friday October 29, with Turkey, India and the United States all reporting stability or prices increases, while the markets in Taiwan, Vietnam and China all weakened.?EUR?Turkish scrap prices remain steady on public holiday?EUR?US export prices rise on tight domestic market?EUR?Vietnam prices affected by falling Chinese market?EU...Read More

WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, in a high-profile speech in August, outlined the arguments for why the current bout of high U.S. inflation will be "transitory," and moderate on its own over time.New data released on Friday show the jury is still out, with the personal consumption expenditures price index rising in September at a 4.4% annual rate versus 4.2% in August, c...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 data releasedtoday by Statistics Canada (StatCan), Canada's real gross domestic product(GDP) rose 0.4% in August, led by increases in accommodation and food services,retail trade and trans...Read More

A summary of Glencore's production results for the third quarter of 2021, released on Friday October 29In brief?EUR?Compared with the third quarter of 2020, Glencore's production of copper, nickel, zinc and lead from its own assets fell over 10% in the three months to September 2021. ?EUR?Year-to-date, nickel and lead production is also down over 10% from the same period in 2020, but copper is onl...Read More

Share this article CALGARY - Alpha Exploration Ltd.(TSXV: ALEX) reported that further to notice received from the TSX Venture Exchange, its ordinary shares will begin trading on the TSX-V under the symbol 'ALEX ' at market open on November 1, 2021.In addition, holders of Alpha's ordinary shares and preferred shares have each approved a special resolution to amend Alpha's memorandum and articles o...Read More

WASHINGTON, Oct 29 (Reuters) - U.S. labor costs increased by the most since 2001 as companies boosted wages and benefits amid a severe worker shortage, suggesting inflation could remain high for sometime.The Employment Cost Index, the broadest measure of labor costs, surged 1.3% last quarter after rising 0.7% in the April-June period, the Labor Department said on Friday. The largest gain since 200...Read More

OTTAWA, Oct 29 (Reuters) - The Canadian economy most likely underperformed in the third quarter, official data suggested on Friday, prompting analysts to forecast the Bank of Canada might raise interest rates more slowly than expected.The economy expanded by 0.4% in August and looked set to show no growth in September, when supply chain issues hit auto exports, Statistics Canada said.Third quarter...Read More

WASHINGTON (Reuters) - U.S. consumer spending increased solidly in September, but was partly flattered by higher prices as inflation remained hot amid shortages of motor vehicles and other goods in the face of global supply constraints.The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month. Data for Aug...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 are moderatelylower in early U.S. trading Friday, weighed down by rising U.S. Treasury yieldsand a rebound in the U.S. dollar index on this day. December gold was last down$10.1...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More

Oct 29 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said that the global minimum tax agreement will ensure that all countries can collect more from corporations, and high earners pay their fair share."This is an important agreement because countries around the globe have decided that in order to finance the public infrastructure, investments... all countries in a fair way collect mor...Read More

China's nickel sulfate price was unchanged in the week to Friday October 29, with minimal spot trading activity reported during the pricing period due to the weaker demand in the downstream precursor ternary market, Fastmarkets heard.Fastmarkets assessed the price of nickel sulfate, min 21%, max 22.5%; cobalt 10ppm max, exw China, at 35,500-36,000 yuan ($5,552-5,630) per tonne on Friday, unchanged...Read More

One of Warren Buffett's most famous investment sayings is "Be fearful when others are greedy. Be greedy when others are fearful."And the proof is in the pudding. Based on this simple idea, the Oracle of Omaha has amassed a net worth of over $105 billion.You don't have to like him. And you may think the near-mythical stories of him still driving a beat-up Volvo, ordering McDonald's every morning,...Read More

(Reuters) - The S&P 500 and the Nasdaq indexes looked set to drop from record highs on Friday, as results from mega-cap firms Apple and Amazon.com reignited concerns of labor and supply shortages that have been at the forefront of this quarterly earnings season.Market participants have been closely watching how corporate America navigates through these challenges along with concerns about rising i...Read More

Battery-grade lithium prices in Asia nudged higher over the week to Thursday October 28 on lingering tightness in supply, costlier feedstock and monthly restocking among buyers. ?EUR? Chinese suppliers of seaborne battery-grade lithium hydroxide price succeed in translating higher offers into transactions in the Asian spot market.?EUR? Lithium prices in China's domestic market rise on month-end re...Read More

FRANKFURT/BRUSSELS, Oct 29 (Reuters) - The euro zone economy continued to boom over the summer as activity rebounded after coronavirus lockdowns but inflation is also blowing past expectations, leaving the European Central Bank with a growing policy headache.Growth has soared as consumers return to stores and venues but many businesses have been unable to keep up with demand, putting further press...Read More