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
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday July 19*...Read More
The latest news and price moves to start the Asian day on Friday July 20.Base metal prices on the London Metal Exchange closed down across the board on Thursday July 19, with zinc and lead recording the largest percentage drops amid news of a stronger US dollar and a lack of positive updates on the trade war front. Read more in our live futures report. Here are how prices looked at the close of tr...Read More
Steel billet import prices fell this week in Egypt with new deals heard in the market, but domestic rebar prices have remained unchanged, sources told Metal Bulletin on Thursday July 19....Read More
Australia's Anti-Dumping Commission will continue to impose trade sanctions on imports of galvanized steel products from China, Taiwan and South Korea after August 5, 2018, although South Korean producer Posco will become exempt....Read More
While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
Swedish steel trader BE Group believes that positive market trends will continue in the third quarter of 2018 after it showed a good performance in April-June, the company forecast in a report published on Thursday July 19....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday July 19.Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Thursday, with a retreat in the dollar index reviving investors' appetite for the metals. The most-traded September copper contract on the SHFE rose to 48,860 yuan ($7,...Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
Gold has been under major pressure and losing value since April of this year when the precious yellow metal traded to the highest value this year and began to sell off. Since that time, you could say that gold prices have been freefalling.Since January of this year, gold has attempted to breach the highs achieved in September 2017 unsuccessfully on three occasions. However, during this last sellof...Read More
(Kitco News) - Gold’s current price presents an attractive entry point as investors should expect macro trends to boost the yellow metal’s relevance in the coming months, according to the World Gold Council (WGC). “Gold’s recent pullback is supportive of consumer demand, as low prices tend to spur buying; at the same, it may provide attractive entry levels for investors,&r...Read More
(Kitco News) - President Donald Trump has rescued the gold market as prices have significantly bounced off their lows following his criticism of the Federal Reserve.Thursday, in an interview with CNBC, Trump expressed his frustration with the U.S. central bank saying that he is “not thrilled” with rising interest rates. He added that higher interest rates could disrupt the nation&rsquo...Read More
(Kitco News) - Gold and silver prices remain modestly lower in early-afternoon U.S. trading Thursday. However, the markets have made a very good rebound from the daily lows following reports President Trump said he is “not thrilled” with rising U.S. interest rates. Both metals sunk to 12-month lows overnight. A resurgent U.S. dollar index this week, which hit a 12-month high today, con...Read More
(Kitco News) - Traders hoping for a sustained bounce off the $1,220 support line were met with continued selling throughout the Asian and early European markets. It is beginning to feel like a capitulation event but we prefer to await the options expiries tomorrow. From these current levels, it will not be difficult to test the $1,200 strikes, but here, we would suggest a more robust bounce should...Read More
One of the greatest calls in sports was Howard Cosell calling the Joe Frazier-George Foreman fight when Foreman knocked down Frazier. The call was “down goes Frazier, down goes Frazier,” which lives on 45 years later. If Cosell were still alive, he might be making a similar call - “down goes gold, down goes gold.” It certainly has been an ugly time for the metals. There see...Read More
(Kitco News) - Gold remains is at session lows following a report from the Philadelphia Federal Reserve highlighting growing momentum within the region's manufacturing sector.The index for current general activity in the Philly Fed business outlook survey jumped to 25.7, up from 19.9 in June. The consensus expectations compiled by various news organizations were for a reading around 21.6.Read...Read More
The Commonwealth of Independent States' (CIS') pig iron export market is at a standstill due to a weak ferrous scrap market and continued confrontation between suppliers and consumers in the United States, a key outlet for the product. ...Read More
Tips for Copper Today – Copper BUY Call c19 given at price 411.50 CMP 414.50 Near to 1st Target 415. Low risk taker book 3.5 Points / Rs 3500 per lotTIPS ID c19 : Today Copper Hold Call - BUY Copper at CMP 411.50 Add more at price 409.20 for Target 415 - 416.50 with SL below price 407.90 Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 222,000 from 215,000 last week. Actual was 207,000. Consensus for the July Philly Fed Index was an increase to 22.0 from 19.9 in June. Actual w...Read More
Earnings at Severstal, Russia's major steelmaker, rose by 23.8% quarter-on-quarter in April-June 2018 amid higher sales volumes of raw materials and strong steel product prices, the company said on Thursday July 19....Read More