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
Japan's Ministry of Economy, Trade & Industry expects demand for steel to increase by 1.8% year on year in the April-June period - the first quarter of the country's 2018 financial year.The ministry said the rise would occur due to higher demand from the manufacturing and exports sector.Demand for steel in the manufacturing sector is expected to be boosted by a rise in industrial machine...Read More
The chief executive of Zinc Media Group PLC (LON:ZIN) David Galan has signalled his confidence in the TV and multimedia producer by buying more than 1.2 million shares in the firm.The head of finance, Simon Gerra, also bought 219,555 shares in the company.Shares in Zinc Media gained 11.7% to 0.48p.Galan now owns a total of 6.4 million shares while Gerra holds 519,955 shares.The news comes after th...Read More
The price of gold shot to an 11-week high on Wednesday as escalating geopolitical risks saw investors seeking safe haven assets.Gold reached its highest point since January 25 after the most active gold futures contract on the Comex market in New York jumped 2% from its opening levels to reach $1,369.40 an ounce.Get ready Russia, because they will be coming, nice and new and 'smart!'Wednesday saw...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session with solid gains Wednesday, on safe-haven demand. Gold hit a seven-week high today and silver notched a two-month high. There is elevated anxiety in the marketplace at mid-week regarding U.S. military intentions after Syria used poisonous gas on its civilians. President Trump tweeted today, warning Russia that U.S. missiles are...Read More
SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More
SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More
Mcx Nickel Target Call – Nickel BUY Carry Call 564, given at price 887 Achieved 1st Target 898. Total 11 Point x 2 lot = 22 Points ProfitTIPS ID 564 : Nickel Tips Today – Buy Nickel at CMP 887 with SL below price 880 for Target 898 – 908. Trade with multiple lotsAFTER POST CONTENT Read More
It said in an update for the March quarter that its 84%-owned Bushveld Energy had completed the manufacturing of the direct current portion of the battery, with factory acceptance expected in April.Read More
SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade. U.S. index futures were virtually unchanged following release of the March Consumer Price report. Consensus was unchanged versus a gain of 0.2% in February. Actual was a drop of 0.1%. Excluding food and energy March Consumer Prices were expected to increase 0.2% versus a gain of 0.2% in...Read More
(Reuters) - Retailer Toys ‘R’ Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business as the bankrupt company moves ahead with plans to sell some non-U.S. operations, its lawyer Joshua Sussberg said on Wednesday.Toys ‘R’ Us, once the largest U.S. toy retailer, abandoned last month a plan to emerge from U.S. Chapter 11 as a slimmer...Read More
SHANGHAI, Apr 11 (SMM) – Spot copper in the Shanghai market traded at a discount of 30 yuan/mt to a premium of 40 yuan/mt on Wednesday April 11, SMM learned. This compared with a premium of 30-90 yuan/mt on the previous day.During the day, spot offers dipped in line with the SHFE 1806 contract which fell to 51,000 yuan/mt. While sellers were keen to destock, prices of higher-grade copper fel...Read More
(Kitco News) - The gold market is off its highs and under pressure following the release of the minutes of the March Federal Open Market Committee meeting.According to some analysts, the minutes have a hawkish tone as most central bank committee members agreed that the nation's economic outlook has strengthened in recent months. At the same time, the committee sees inflation rising in coming month...Read More
SHANGHAI, Apr 11 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 400 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Wednesday April 11.Jinchuan nickel was offered at a premium of 900-1,000 yuan/mt and Jinchuan nickel plate was offered at 101,600 yuan/mt, SMM learned. Prices of nickel futures traded rangebound in the morni...Read More
Nickel Tips Today – Buy Nickel at CMP 887 with SL below price 880 for Target 898 – 908. Trade with multiple lotsAFTER POST CONTENT Read More
SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More
Having appointedGreg Hall as Acting CEO effective 1 April 2018, Alligator Energy (ASX:AGE) is now primed to push forward with its exploration work at itscobalt nickel play in Northern Italy, whilst maintaining its uranium projectsin the Alligator Rivers Uranium Province.Hall iscurrently a non-executive director of Alligator Energy and has agreed to assumethe role as CEO on a part-time basis. The f...Read More
(Kitco News) - Money votes with its feet, and capital flows out of the country show that investors are no longer interested in Canada as a place to do business, according to Shark Tank star and chairman of O’Shares ETFs, Kevin O’Leary. “The thing about money is that it has no political affiliation. It doesn’t care. It looks to the path of least resistance, and that path is...Read More
SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More
Zinc Intraday Call – Zinc SELL Call 554 given at price 211.90 Achieved 1st Target 211 & almost 2nd Target 210.40. CMP Made low 210.45. Total profit of 1.45 Points per lot554 : Today Zinc Intraday - SELL Zinc at CMP 211.90 for Target 211 - 210.40 with SL Above price 213.10. Low risk taker trade mini lotsAFTER POST CONTENT Read More