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
A US-style government shutdown has reportedly been threatened by some British MPs concerned about leaving the EU without a deal.Meanwhile US and China officials are holding trade talks, while the US dollar is lower amid indications from the Federal Reserve of "flexibility", or the possibility of fewer rate hikes in 2019. The gold price is about US$7 an ounce lower than this time yesterday, around...Read More
European vanadium prices began to bounce back in the week ended Friday January 4 amid renewed supply tightness and increased buying interest, while Chinese export prices stalled on a lack of trading activity. Chinese export prices stall on thin tradingEU FeV market rebounds on renewed buying interestEU V2O5 prices edge upward on FeV strengthUS FeV prices continue downward correction, lag behind gl...Read More
Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company's operations in the East African nation.Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli ha...Read More
By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More
By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
(Updates with closing prices)By Eric OnstadLONDON, Jan 8 (Reuters) - Aluminium prices slipped onTuesday as bearish speculators kept up selling pressure, whileother base metals were lacklustre ahead of the conclusion ofU.S.-China trade talks.Aluminium has been the worst performer on the London MetalExchange during the last two months on concerns about excesssupply that gathered momentum after the U...Read More
The Imperial Metals Mt. Polley copper-gold mine in the Cariboo region of south-central British Columbia. Source: Imperial Metals Corp.Imperial Metals Corp. [III-TSX; IPMLF-OTC] is suspending operations at its Mount Polley copper-gold mine in south-central British Columbia due to declining copper prices.The suspension of the mine includes milling of low-grade stockpiles which are expected to exte...Read More
Comex copper prices sustained a modest recovery Tuesday morning in the United States, with the market awaiting further clarity on the current trade unrest.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.60 cents to $2.6430 per lb.While market optimism around US-China trade talks has resulted in a fairly upbeat performance in US...Read More
Gold futures finished higher on Monday, staging a partial rebound from their worst single-session drop in two weeks, with prices getting a boost as downbeat U.S. ISM nonmanufacturing data helped pressure the dollar. February gold on Comex GCG9, +0.05% gained $4.10, or 0.3%, to settle at $1,289.90 an ounce, following a 0.7% fall on Friday, its largest daily drop since Dec. 21, according to FactSet...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Tuesday January 8. Tin was unchanged, while the rest were down between 0.1% for copper and lead and 0.7% for aluminium, with zinc and nickel off by 0.6% and 0.5% respectively. The three-month copper price was recently quoted at $5,909 per tonne.Volume across the complex has been average with 5,0...Read More
Share this articleTORONTO - Shares of New Gold Inc. climbed more than 10 per cent in early trading after the company reported improved fourth-quarter performance at its troubled Rainy River mine.The Toronto-based company says gold production at its Rainy River mine in Ontario surged 39 per cent in the fourth quarter to 77,202 ounces while production was fairly steady at its New Afton mine in...Read More
The Tuesday Market Minute Global stocks trade higher as investors eye progress in U.S. China trade talks, but weaker-than-expected Samsung profit forecast rattles tech markets. Samsung cites softer China demand as it tees-up an 11% fall in fourth quarter sales and smaller-than-expected profits in a "stagnant and fiercely competitive smartphone market" smartphone market.European st...Read More
The penetration of nickel-cobalt-manganese (NCM) type-811 batteries into the Chinese electric vehicle (EV) industry will be quite limited in 2019, market participants have told Fastmarkets.Cost and safety are the two major hurdles facing the use of NCM811 batteries, which include nickel, cobalt and manganese in a ratio of 8:1:1. This is despite the application of China's 2018 EV subsidy policy, wh...Read More
Jan 07, 2019 Guest(s): Will Rhind CEO, GraniteShares Changes in monetary policy could really affect stock markets and increase volatility in equities in 2019, this according to Will Rhind, CEO of GraniteShares. "I think we can have quite a significant change if there's a rate rise in December. I think that really increase the likelihood of a stock market sell-off coming into next year. So, we've...Read More
* World and European indexes at 3-week high * Samsung profit warning weighs on Asia * Dollar ticks up, euro hit by weak German data * Bond yields resume rise in Europe, U.S. markets * Oil stays firm in commodity markets * Graphic: World FX rates in 2019 By Marc JonesLONDON, Jan 8 (Reuters) - A strong day for Europe and a jumpin Wall Street futures kept world stocks at a three-week high onTuesday,...Read More
I think it was the great investor Warren Buffett who said, "Find the lie in the market and exploit it."In today's market, that lie is about coal.Coal companies are being forced into bankruptcy due to politics. Ironically, that is great news for investors.Here is what the liberal rag ThinkProgress has to say:The last time U.S. coal consumption was this low, Jimmy Carter was president.Despite campai...Read More
Fastmarkets has corrected its Turkey import hot-rolled coil price, which was published incorrectly on Friday January 4.The Turkey import hot rolled coil $ per tonne cfr main port price was published in error after the market was reassessed as stable and offer prices did not change. The price has now been updated to $460-470 per tonne cfr, after it was previously published at $460-480 per tonne cfr...Read More
Fastmarkets is proposing to discontinue the SteelBenchmarker price series on March 1, 2019.Fastmarkets has price series covering all existing Benchmarker prices and in greater frequency and regional granularity. The consultation period for these discontinuations will end on February 28, 2019, with changes taking place beginning March 1, 2019. To provide feedback on this index or if...Read More
China's hot-rolled coil exporters kept offer prices high on Tuesday January 8 following stable prices in the domestic market, although overseas buyers are bidding much lower with access to cheaper goods from other countries.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($534-537) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 3,620-3,650 yuan per tonne, up 2...Read More