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
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: Gold edged up to $1...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
- Gold over 6-month high at $1,300 on global slowdown fears- Bullion surges 5% in December and consolidates on gains this week- Gold surges to all time record highs in Australian dollars ($1,871)- Safe haven demand for safe havens as risk assets sold- Apple's poor outlook sees stocks fall; Markets now wagering on Fed rate cut- "2019 is already getting off to a volatile start and we expect to s...Read More
US December private ADP numbers suggest a firm economy. Traders reacted the other way as focus is on the US government shutdown and it's after affects. Certain Federal Reserve speakers suggest that interest rate hikes need to be stopped for the moment. Economic news is not affecting the markets in the first trading week of the year. Concerns over global slowdown has resulted in gold and silver...Read More
Global cobalt prices came under mounting pressure in December, with the bearish outlook for 2019 and forecast oversupply showing no signs of relenting and sellers rushing to get stocks off their books ahead of the year-end. Price moves Benchmark cobalt prices slumped in December following relative stability in October and November as year-end book-squaring created even greater competition for scan...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Global spot prices were on a downtrend over the week ended Friday January 4 because of weak demand in many scrap importing markets.There was limited liquidity in the key markets of Taiwan, Turkey and Vietnam because some market participants had not returned from new year holidays.Market participants expected prices to continue on the downtrend in the coming weeks, in the face of subdued downstream...Read More
Yamana Gold's Cerro Moro gold-silver mine is southern Argentina, which has one of Sandstorm's many streaming agreements. Source: Sandstorm Gold Ltd.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Friday January 4 that it sold approximately 57,600 attributable gold equivalent ounces in 2018, the highest yearly total in the company's history. That number includes approximately 14,150 attribut...Read More
SolGold tables updated estimate for Alpala DepositSolGold Plc [SOLG-TSX, LSE; SLGGF-OTC] shares were active Friday January 4 after the Brisbane-based company released a NI 43-101-compliant technical report containing an updated resource estimate for the Alpala Deposit, located on the company's Cascabel Project in northern Ecuador.According to the technical report, the Alpala mineral resource now s...Read More
The light iron steel scrap market in the United Kingdom has been stable over the week ended Friday January 4, extending a steady performance in prices for the third consecutive week.But downward pressures pose a threat, with January delivery settlements expected to be at lower prices, sources told Fastmarkets.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant b...Read More
Exploring Firefox Gold's Mustajarvi Project in Finland. Source: Firefox Gold Corp.FireFox Gold Corp. [FFOX-TSXV] on Thursday January 3 reported new results from a 2018 field program at its 100%-owned Mustajarvi gold project in the Central Lapland Greenstone Belt in Finland.The company said sampling along two intersecting mineralized structures has identified high-grade gold. This expands the range...Read More
Alloy steel scrap prices in Europe and the UK have been assessed as either stable or moving downward amid continued weak demand from mills, and market participants have little hope of any improvement in the near future.In the UK market, domestic prices for 18/8 alloy steel scrap solids were assessed on Friday January 4 at ?770-800 ($969-1,007) per tonne...Read More
Comex copper prices staged a major recovery in the final morning trading session in the United States, amid a strong December jobs report.The copper price for March settlement on the Comex division of the New York Mercantile Exchange recovered 3.90 cents to $2.6070 per lb.Earlier this morning, the latest jobs report showed 312,000 Americans joined the labor market, shattering expectations of 179,0...Read More
Three-month base metals prices on the London Metal Exchange were generally firmer this morning, Friday January 4, with copper, nickel, zinc and lead up by an average of 0.8% - with copper up by 1.1% at $5,840 per tonne. Aluminium and tin bucked the trend, however, to decline by 0.5% and 0.1% respectively.Volume across the complex has been high - as it has been each trading day this week - with 9,9...Read More
2019 is going to be a windfall year for you.You're going to make a lot of money this year - possibly more than you ever have in your entire life.I'm not kidding. You're going take your wealth to an entirely new level this year.So... how are you going to do that?Easier than you think: You're going to change your perception about most things in your life. And it starts right here, right now...Say th...Read More
Global cobalt prices came under mounting pressure in December, with the bearish outlook for 2019 and forecast oversupply showing no signs of relenting and sellers rushing to get stocks off their books ahead of the year-end. Price moves Benchmark cobalt prices slumped in December following relative stability in October and November as year-end book-squaring created even greater competition for scan...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lbIn light o...Read More
The European Commission (EC) intends to impose definitive measures in the form of tariff-rate, partially country-specific and quarterly quotas for 26 steel product categories for its safeguard case against steel dumping in Europe, the EC said on Friday January 4.The EC has notified the World Trade Organisation (WTO) of its findings in the safeguard investigation on certain steel products. The leve...Read More
Domestic prices for steel coil products in Turkey were stable this week on continued slow demand, sources told Fastmarkets on Friday January 4."This week everyone has preferred to wait to see what the price direction will be," a source told Fastmarkets. "The expectation is that we will see more price falls."Fastmarkets' weekly price assessment for Turkish domestic hot-rolled coil was $500-510...Read More