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
An overview of the battery raw materials markets and their latest price moves.Read More
Copper closed only slightly higher on Friday on the London Metal Exchange despite price-supportive news of force majeure being declared at the Las Bambas copper mine in Peru.The three-month copper price ended at $5,796 per tonne, a mere 0.2% higher than Thursday's close, even after the declaration of force majeure by miners MMG and Citic Metals at Las Bambas, which will affect the supply of copper...Read More
All base metal stocks in Shanghai Futures Exchange-approved warehouses, except tin, rose in the week to Friday October 11, after trading activity resumed following the end of the week-long Golden Week holiday in China. Copper stocks registered the largest increase in percentage terms, rising by 13.9% or 16,401 tonnes from September 30, to 134,509 tonnes as of Friday. The largest inflow in cop...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 11. Europe The high carbon ferro-chrome market nudged upwards after several producers lowered their exposure to the spot market. But demand remains weak - production and prices in the Europe stainless...Read More
"The bearish consensus view on iron ore… is too bearish, in our view," said Jefferies analyst Christopher LaFemina in a note.Read More
Adam HamiltonArchivesOct 11, 2019 Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for ownin...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 334,38358,82053,301167,755478,697555,439590,818 Change from Prior Reporting Period 11,5835,013-5,1984,70511,95911,09011,774 Traders 21469785451292175 Small Speculators LongShortOpen Interest 61,51826,139616,957 98229812,072 non reportable...Read More
Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thu...Read More
By: Ira EpsteinGold has been stuck for a week and a half trading around the 18-DMA..Read More
Do not believe in Trump on the trade deal. Let there be a trade deal and the details made public. Then only gold will fall. Till there is a confirmation of a trade deal, I will prefer to use a buy on sharp dips strategy for gold and silver. Intraday volatility will rise in gold and silver. Traders and investors are used to one way price moves. It seems they do not like wider range trading. I hav...Read More
Olivier CrottazPosted Oct 11, 2019It is by forging that one becomes a blacksmith, says the maxim. In the mining sector today it is (currently) no longer the case. Why?Because drilling, discovering, developing is more expensive (or less profitable) than capturing undervalued assets.Indeed, the fall of mining stocks offers incredible opportunities for those who have 1) means 2) an asset also under v...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
(Adds comments, updates prices) * Gold denominated in pounds falls over 2% * Gold declines about 1% so far this week * Palladium hits record high of $1,705.84/ozBy Asha SistlaOct 11 (Reuters) - Gold prices fell 1% on Friday, on trackfor a weekly loss, as optimism around the U.S.-China trade talksand the possibility of a Brexit deal diminished some save-haveninterest inbullion, while palladium scal...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Ferrous scrap prices strengthened in the latest US sales to Turkey during the week to Friday October 11, but market participants were unsure about a recovery as demand for finished steel was still limited in most markets. Increasing political tensions in Turkey keep mills away from scrap markets US export prices improve in the East Coast market with sales to Turkey Ferrous scrap prices...Read More
Austenitic steel scrap prices in Europe and UK may have found the market floor after a month of substantial decreases, while chrome steel scrap prices have fallen sharply on weak demand and low ferrous costs, Fastmarkets heard on Friday October 11."I think [austenitic] prices have found a new level after the significant drops we have had in the past month," one scrap trader said. "Material has sta...Read More
The inter-merchant spot market for UK-origin light iron scrap was steady in the week ended Friday October 11, extending stability after losses in September against a small recovery in European export prices to traditional markets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($74-98) per tonne on Friday.European steel scrap p...Read More
There is some cautious optimism over United States-China trade negotiations after US President Donald Trump described the talks as "very, very good" and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11.But, we have been here before so it is probably best not to anticipate too much - indeed, with the base metals generally rangebound this morning that seems to b...Read More
The price of gasoline is soaring in California. In some places drivers report paying over $5 a gallon in what has become a record gap between the Golden State's gas prices and the national average.According to AAA, the average price for a gallon of gas in California is $4.183 right now - 63% higher than the national average. And it comes at a time when gas prices are traditionally lower.The blame...Read More