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
Great Bear drilling its Dixie Lake Project near Red Lake, Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] on Wednesday January 16 announced more drill results from the Hinge Zone and South Limb Zone at its 100%-owned Dixie Lake Project in the Red Lake area of northwestern Ontario.Highlights included a high-grade intersection (drill hole DHZ-014) that assayed 1,602.73...Read More
B2Gold's Fekola mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX; BTG-NYSE] said Wednesday January 16 that its gold production in 2018 jumped 51% to a record 953,504 ounces, powered by the strong performance of two key operations. The company is guiding investors to anticipate further production increases in 2019.Based in Vancouver, B2Gold is a senior gold producer with five op...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Gold futures finished higher on Monday as weakness in global stocks and the U.S. dollar helped to buoy the yellow metal, but the psychologically important $1,300-an-ounce price remained out of reach. "Clearly, concerns toward the global economy have been fomented [Monday] by the first monthly decline in Chinese exports in over two years," analysts at Zaner Precious Metals wrote in a daily note. "A...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Wednesday January 16, with prices up by an average of 0.8%. This after further temporary stimulus measures from China gave sentiment a boost.Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1% g...Read More
(Updates with closing prices)By Peter HobsonLONDON, Jan 16 (Reuters) - Nickel touched a 10-week high onWednesday as falling stockpiles and a tightening of time spreadssuggested an undersupplied market.Benchmark nickel on the London Metal Exchange (LME)closed down 0.4 percent at $11,630 a tonne after reaching$11,770, its highest level since Nov. 8.The stainless steel ingredient is up around 10 perc...Read More
13 down, one to go.Say it with me again, over and over until it sinks into the market.That's the unofficial mantra adopted by Texas oil drillers for 2019.Last October, oil companies extracted crude oil from the Texas soil at an incredible rate of 4.7 million barrels per day!If Texas were admitted into the ranks of OPEC, it would rank second only to the Saudis.In the last few months, the Lone Star...Read More
* FTSE 100 down 0.5 pct; midcaps up 0.3 pct * Pearson falls 5.9 pct after FY forecast * Bovis Homes provides some cheer to homebuilders (Adds details, closing prices)By Josephine MasonLONDON, Jan 16 (Reuters) - Britain's blue chip stocks fellon Wednesday as a stronger pound lured investors toward cheapdomestic companies and away from exporters after Prime MinisterTheresa May's heavy Brexit defeat,...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
* Poor German data, Draghi warning, weighs on singlecurrency * UK PM May loses historic vote, no-confidence motion called * Second referendum hopes boosts pound against euro * Graphic: World FX rates in 2018 (Recasts; updates prices; adds analyst quote; changes byline,changes dateline from LONDON to NEW YORK)By Kate DuguidNEW YORK, Jan 16 (Reuters) - The dollar rose against theeuro on Wednesday as...Read More
China's hot-rolled coil prices were largely stable on Wednesday January 16 with sentiment being supported by some restocking being done materials to be delivered after the Chinese New Year.DomesticEastern China (Shanghai): 3,620-3,630 yuan ($535-537) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, unchangedPrices held steady with some end use...Read More
China's ferrous futures had a mixed morning on Wednesday January 16, with the steel contracts posting increases while the steelmaking raw materials ones ended the session slightly lower than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,537 yuan ($523) per tonne, up 16 yuan per tonne May hot rolled coil: 3,434 yuan per tonne, up 19 yuan per to...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
Wire rod prices remain flat in the United States for both domestic and imported material, although downward pressure has emerged in January from declining raw material costs and weakening demand. Fastmarkets' assessment for industrial quality low-carbon rod held at $39.25-41.25 per hundredweight ($785-825 per short ton) fob mill on Tuesday January 15, with imported wire rod steady at $74...Read More
Prices for hollow steel sections in Europe moved down on Wednesday January 16, to the surprise of some market participants.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed downward by ?,?5 per tonne to ?,?635-645 ($726-738) delivered on January 16, from ?,?635-650 per tonne delivered on January 9.This was the first time t...Read More
The deep-sea scrap suppliers to Turkish steel mills were trying to increase their offer prices because collection costs were rising with the worsening winter conditions, sources said on Wednesday January 16.But Turkish steel producers were still struggling with weak demand for their finished steel products in the country's export and domestic markets."The scrap suppliers in the United States have...Read More
Seaborne iron ore prices increased moderately on Wednesday January 16 amid active offering on platforms.MB 62% Fe Iron Ore Index: $74.31 per tonne cfr Qingdao, up $0.53 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.45 per tonne cfr Qingdao, up $0.53 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.05 per tonne cfr Qingdao, up $0.55 per tonne. MB 58% Fe Premium Index: $65.74 per tonne cfr...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
CloseGain/LossGold $1293.30+$4.10Silver$15.59+$0.02XAU69.54+0.24%HUI153.70+0.41%GDM576.19-0.14JSE Gold1320.65-24.40USD96.07+0.14Euro113.96-0.16Yen91.94-0.42Oil$52.31+$0.2010-Year2.721%+0.003T-Bond145.46875+0.125Dow24207.16+0.59%Nasdaq7034.69+0.15%S&P2616.10+0.22% The Metals: Gold edged up to $1292.70 in Asia before it pared back to $1288.00 in London, but it then climbed...Read More