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) - Harmony Gold Mining todayreported that an employee was fatally injured on Sunday afternoon, following ashaft-related incident, at its Doornkop mine, near Soweto in the Gautengprovince of South Africa."...Read More

WASHINGTON, Nov 2 (Reuters) - U.S. Treasury Secretary Janet Yellen will urge financial institutions to adopt a "greater sense of urgency" about investing in net-zero economy in meetings with the head of Bank of America and other finance CEOs on Tuesday, Treasury officials said.John Morton, a former private equity adviser and Treasury's first climate counselor, told reporters that Yellen would expl...Read More

The oversold bounce in the gold stocks has runinto initial resistance while Gold is trading around resistance around $1800.The question is if this rebound can extend ifit will pause or, will the sector start giving back some of the gains?First, let's look at recent price action andthe current setup.We plot Gold, GDX, HUI, and GDXJ along withtheir 200-day moving averages below.Since the start of th...Read More

(Reuters) - The S&P 500 and the Nasdaq indexes hit record highs on Tuesday, helped by a slew of strong earnings reports, although gains were limited as investors remained cautious ahead of the Federal Reserve's widely expected move to start tapering its monthly bond purchases.Shares of Under Armour Inc jumped 17.3% after the athletic apparel maker raised its annual revenue and profit forecasts.Sim...Read More

Turkish steel scrap import prices fell sharply on Tuesday November 2, in line with the the latest bookings and amid increasing freight costs and limited finished steel sales to Turkey's key export outlets, market participants told Fastmarkets. On Tuesday, a steel mill in the Marmara region booked a deep-sea cargo from Puerto Rico, comprising HMS 1&2 (80:20) at $494 per tonne and shredded scrap at...Read More

Nov 2 (Reuters) - A cryptocurrency named after the wildly popular Netflix drama "Squid Game" crashed to almost zero value on Tuesday after a dizzying rally pushed it to almost $2,800 last week.The so-called squid token's market value jumped to $2.4 billion at the peak of Monday's trading with a trading volume of $14 million over the last 24 hours, according to CoinMarketCap. The reason for squid's...Read More

(Updates prices)* Fed policy statement due Wednesday* Dollar steady against rivals* Silver and platinum fall over 1%Nov 2 (Reuters) - Gold prices were subdued on Tuesday ahead of a crucial U.S. Federal Reserve meeting that could offer cues on future interest rate hikes amid rising inflationary pressures.Spot gold dipped 0.1% to $1,790.55 per ounce by 1314 GMT. U.S. gold futures for December delive...Read More

NEW YORK, Nov 2 (Reuters) - Wall Street banks are intensifying preparations for the Federal Reserve’s withdrawal of pandemic stimulus to ensure they are able to handle spikes in market volatility, help clients manage their risks -- and score a profit.With the Fed expected to formally announce on Wednesday that it will begin tapering its monthly bond purchases, sales and trading teams are hea...Read More

Prices for steel scrap imported into China decreased sharply due to the continued drop in both spot and futures prices for finished steel products in the country on Tuesday November 2, sources told Fastmarkets.China import price tumbles amid bearish sentiment dominating the steel marketsChinese mills cut domestic scrap buy prices againTaiwan secures containerized scrap cargoes at $475 per tonne cf...Read More

(Reuters) - It is hardly a secret by now that the Federal Reserve is going to reduce its support for the U.S. economy soon: starting this month it will likely begin to pare its monthly asset purchases by $15 billion each month until ending them by mid-2022.That, at least, is the roadmap suggested by the Fed's post-meeting statements, minutes of its meetings, and remarks from Fed Chair Jerome Powel...Read More

* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Nov 2 (Reuters) - The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty whether the Bank of England will raise interest rates this week.Sterling rose to a 20-month high versus the euro in late October amid expectations for a BoE i...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly weaker on the morning of Tuesday November 2, with concerns about headwinds affecting the Chinese economy denting sentiment. A 9.9% price drop in the January iron ore futures contract on the Dalian Commodity Exchange is weighing on sentiment. Iron ore prices were recently at 567 yuan ($89) per tonne, down fro...Read More

* Gained ground on U.S. crop concerns* Soybean futures upon sluggish harvest progress (Adds closing prices, updates headline)CHICAGO, Nov 2 (Reuters) - Chicago wheat futures eased on Tuesday after rising to their highest level in almost nine years, as the declining condition of the U.S. winter crop raised worries over global supply at a time of tight stocks and strong international demand.U.S. whe...Read More

Oct 27 (Reuters) - (This Oct. 27 story corrects paragraph 4 to reflect that SK Hynix originally joined the program in 2020)Apple Inc (AAPL.O) said on Wednesday that 175 of its suppliers have now committed to use clean energy for the work they do for the iPhone maker, helping to bring more than 9 gigawatts of clean energy onto power grids.The new round of suppliers - which is an increase from the...Read More

Nov 2 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday announced a new round of technologies aimed at making its cloud computing services work in data centers it does not own - including the cloud data centers of its rivals.The strategy, Microsoft executives and analysts say, has been key to the company's rise in the cloud computing infrastructure market, which research firm Gartner estimates hit...Read More

China's Ganfeng Lithium and its subsidiary GFL International will supply United States-based automaker Tesla with battery-grade lithium hydroxide for three years, Ganfeng announced on November 1.The contract will run from January 1, 2022 until December 31, 2024, Ganfeng announced in a filing on the Shenzhen Stock Exchange.Purchase quantities and sales are not fixed and will be subject to Tesla's.....Read More

Nov 2 (Reuters) - Facebook Inc (FB.O) announced on Tuesday it is shutting down its facial recognition system which automatically identifies users in photos and videos, citing growing societal concerns about the use of such technology."Regulators are still in the process of providing a clear set of rules governing its use," said Jerome Pesenti, vice president of artificial intelligence at Faceboo...Read More

Junior miner Lithium Americas has proposed a $400 million takeover for Argentina-based producer Millennial Lithium, outbidding China's battery maker Contemporary Amperex Technology (CATL).Millennial Lithium announced the new takeover offer from Lithium Americas on November 1.The Lithium Americas offer is a "Superior Proposal" to the one worth $304 million received by CATL in September, Millen...Read More

GLASGOW, Nov 2 (Reuters) - More than 100 global leaders have pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 billion in public and private funds to invest in protecting and restoring forests.The promise, made in a joint statement issued late on Monday at the COP26 climate talks in Glasgow, was backed by the leaders of countries includin...Read More

Share this article WINNEMUCCA - Paramount Gold Nevada Corp. [PZG-NYSE American] reported assay results from 44 new surface samples collected by the company primarily from silicic outcrops at its recently acquired Bald Peak Project in Mineral County, Nevada. The samples averaged 2.62 g/t gold and 4.2 g/t silver, with more than half assaying above 2 g/t gold and running as high as 10.85 g/t gold.Pa...Read More