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
Diamond miner Alrosa will offer 202 gem-quality rough diamonds for sale at an auction to be held in Israel from August 19 to September 6.The diamonds, with a combined weight of 3 165 ct, are all larger than 10.8 ct, otherwise known as 'special' diamonds.AdvertisementAlrosa has invited about 100 companies from Israel, Belgium, India, Hong Kong and Russia to participate in the auction. ...Read More
RAPAPORT... Mountain Province's sales dropped at its July tender,as a lack of large and fancy stones led to a lower average price. The miner sold 334,751 carats of diamonds from its GahchoKu?(C) mine for $22.2 million, at an average price of $66 per carat, it saidWednesday. In June, Mountain Province garnered $30.3 million from thesale of stones from the mine, achieving a rate of $85 per carat. H...Read More
RAPAPORT... Tracr,De Beers' blockchain platform, has appointed technology executive Jim Duffy to runthe next phase of the project's development. Duffy (pictured) joins Tracr as general manager just as the platform is starting to grow inscale, the De Beers operation said Thursday. More than $100 million worth ofrough diamonds have gone onto the company's blockchain since the launch of thepilot in J...Read More
TSX-listed Mountain Province has netted $22.2-million from the sale of 334 751 ct in its sixth diamond sale of 2018, the company reported on Wednesday.The sale realised an average price of $66/ct, which is lower than the previous sale’s realised price of $85/ct, but in line with expectations. Mountain Province, which owns the Gahcho Kue mine in a joint venture with De Beers, explained t...Read More
Comex copper prices saw some short-covering on the morning of Thursday August 16 in the United States amid hopes of a trade agreement between China and the US....Read More
MOSCOW – Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions.The Kremlin said on Monday that Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the i...Read More
RAPAPORT... Harrods beauty director Annalise Fard has taken on an expandedrole as head of the London department store's fine watches and jewelrydivision. Fard (pictured) will retain her responsibilities for the beauty segment and alsooversee Harrods' fashion-accessories department, the company said this week. Chiefmerchant Helen David was in charge of that area until she left the group inJune. Fa...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* FTSE hits record high to lift Europe* Disappointing Tencent results compound Asia's one-year lows* Lira rallies past 6 per dollar ahead of finance minister call* Rest of EM FX breathes easier as dollar dips* Oil flat after fall, metals tick up as bears claw copperBy Marc JonesLONDON, Aug 16 (Reuters) - Bruised world shares and emerging ma...Read More
Investing.com - U.S. futures pointed to a higher open on Thursday, as investors reacted positively to developments in trade talks between China and the U.S. and positive earnings reports from blue-chip companies, while keeping an eye on blue-chip earnings and waiting for a slew of data to be released before the open.The blue-chip Dow futures gained 200 points, or 0.79%, by 7:10 AM ET (11:10 GMT),...Read More
Workers at Chile's Caserones copper mine will not strike this week, the union at the mine said in a statement on Wednesday August 15....Read More
RAPAPORT... Hearts on Fire, Chow Tai Fook's US jewelry brand, has namednew vice presidents in three different areas. All of the appointments are promotions from within thecompany, Hearts on Fire said this week. Krista Beerman, who joined the jeweler in 2005, will headthe product division. Since joining the company, she has developed and grownthe product discipline to redefine how the company creat...Read More
Young Poong's Sukpo zinc smelter is operating normally and has not been shutdown for environmental reasons, the company told Metal Bulletin in a statement today on August 16....Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Aug 16 (Reuters) - European shares bounced back on Thursday after Beijing said it would hold trade talks with the U.S. in Washington later this month, spurring a recovery in investors' risk appetite on hopes of a trade war thaw.Europe's STOXX 600 .STOXX rose 0.2 percent, clawing back some of the previous session's loss...Read More
RAPAPORT... Gem Diamonds has recovered a 138-carat stone from its Let??engmine in Lesotho, bringing the company's total number of 100-carat-plusdiscoveries this year to a record 12. The type lla rough diamond has top-white color, the minersaid Wednesday. With this find, the company has surpassed the 11 exceptionally large diamonds it unearthed in 2015. Earlier this year, Gem Diamonds recovered th...Read More
Chilean copper mining group Antofagasta has seen the value of its shares slip by more than 4% since publication of its latest financial report on Tuesday August 14, which detailed short-term copper demand and lower earnings....Read More
The pricing spread for imported rebar has slightly widened following President Donald Trump's decision to double the Section 232 tariffs against Turkey, effectively halting Turkish steel shipments into the United States....Read More
Turkish billet prices have gone down sharply over the past week amid the economic and political problems in the country, sources said on Thursday August 16....Read More
Turkish domestic rebar and wire rod prices have gone down sharply when priced in US dollars despite increasing on a lira basis, sources said on Thursday August 16....Read More
Turkish rebar export prices have sharply declined this week while the trade tensions between Turkey and the US deepen, sources said on Thursday August 16....Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 16, with lower offers coming in from the CIS and Turkey, while domestic rebar prices remained unchanged....Read More