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

The index has made big daily moves while essentially going nowhereIt's been a wild October so far for the stock market, as investors have reacted to Fed buzz and updates on U.S.-China trade negotiations. In fact, from Sept. 27 to last Friday, Oct. 11, the S&P 500 Index (SPX) moved at least 0.4% every single session, regardless of direction. That's the first 11-day streak of notable moves in more t...Read More

Both stocks made their public trading debuts in SeptemberCowen initiated coverage on Exagen Inc (NASDAQ:XGN) with an "outperform" rating and $17 price target, representing expected upside of 34.8% to Friday's close at $12.61. The brokerage firm said XGN stock is undervalued, and that the diagnostics company's autoimmune test for systemic lupus erythematosus, Avise CTD, works better than similar...Read More

Oil prices are sharply lower todayThe Dow Jones Industrial Average (DJI) is cautiously higher to start the new week, as the U.S.-China trade optimism from Friday is replaced with skepticism. A Bloomberg report indicated China is hesitant to sign off on an official "phase one" deal, and labeled the Friday developments as "substantial progress," instead of the "greatest and biggest trade deal ev...Read More

KBW lifted its price target for Charles Schwab to $39.50 from $38Positive analyst attention today from KBW has the shares of investment firm Charles Schwab Corporation (NYSE:SCHW) slightly higher, set to extend a three-day win streak. Specifically, the broker lifted its price target to $39.50 from $38, just ahead of the company's third-quarter earnings report, due out before the open tomorrow, Oc...Read More

Most analysts remain bearish on FITB sharesFifth Third Bancorp (NASDAQ:FITB) is trading lower early on despite bullish analyst attention. BofA-Merrill Lych just raised its opinion to "buy" from "neutral" despite trimming its price target by $1 to $30. This price target still sits near annual-high territory for the shares, which were last seen trading down 0.6% at $26.70.At these levels, FITB is ho...Read More

BYND is fresh off its worst weekly loss in almost two monthsThe shares of Beyond Meat Inc (NASDAQ:BYND) are down 4.2% to trade at $125.88 today, after Wells Fargo initiated coverage on the faux-meat concern with a "market perform" rating and $125 price target. The analyst in coverage advised investors to tone down the aggressive expectations, and cautioned "restraint," as the market waits for mo...Read More

- Dave Kranzler"De Nederlandsche Bank (DNB) holds more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis. This creates a sense of security. A central bank's gold stock is therefore regarded as a symbol of solidity Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis." -...Read More

StrengthsThe best performing metal this week was palladium, up 1.98 percent. Even after a weekly loss, gold traders and analysts stayed bullish on their outlook for prices in the weekly Bloomberg survey. Stocks continue to swing and currencies fluctuate ahead of continued U.S.-China trade talks. Just like last week, palladium hit a fresh all-time high this week of $1,707.51 an ounce, according...Read More

Skepticism on the positive impact of US-China partial trade deal has resulted and silver trading firm. In my view, there will be more trade deal with other nations should Trump's political problems worsen. Further trade deal between USA and rest of the world will be dependent on internal politics of USA. Trend of gold and silver till Wednesday needs to be closely watched. Trend (whether bullish...Read More

KSS is bumping up against its 120-day moving averageThe shares of department store Kohl's Corporation (NYSE:KSS) are slightly lower this morning, set to snap a seven-day win streak -- their longest in at least a year. KSS jumped last week after naming Executive Vice President Jill Timm as its new chief financial officer (CFO). She will be replacing retiring CFO Bruce Besanko starting Nov. 1. KSS s...Read More

Citi set a Street-low price target on the cybersecurity stockCitigroup initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD) with a "sell" rating and a $43 price target -- a nearly 29% discount to last Friday's close at $60.27, and the lowest on Wall Street. The brokerage firm expressed concern over the cybersecurity stock's valuation, echoing a bear note issued by Goldman Sachs on Friday.I...Read More

Planet Fitness stock has shed 18% over the past six months aloneShares of fitness chain Planet Fitness Inc (NYSE:PLNT) are moving 1.6% higher in pre-market trading, fresh off an upgrade out of Imperial Capital. The brokerage firm upgraded to "outperform" from "in-line," calling the exercise specialist a "best in class" stock. The analyst also cited notable consumer growth.PLNT has struggled on th...Read More

China may not be ready to sign any type of trade agreementDow Jones Industrial Average (DJI) futures are trading below fair value this morning. Stocks look set to cool from last week's trade-induced rally, with Bloomberg reporting that China may want more talks later this month with the U.S. before it formally commits to any type of deal. Aside from trade buzz, there's little else on the schedule...Read More

The 14 level could come into play for the VIX in the near term"Since late April, when the SPX touched 2,950 after going pretty much straight up since the December low, the action can best be described as 'messy,' with a range mostly between 2,850 and 3,000...Expect more of the same in the coming weeks - 'messy action' in equity benchmarks. A plethora of uncertainties has been thrown at market pa...Read More

As the United States' Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.The tariffs - imposed after a year-long Section 232 investigation into whether imports of steel, as well as aluminium, posed a national security risk to the US - were vaunted as policies to safeguard the country's domestic indu...Read More

Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.Chiho Environmental is China's largest scrap metal recycling company. It runs 700 yards globally with extensive operations in the recycling of ferrous...Read More

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Monday October 14, falling by more than 4% over the afternoon against high turnover while the majority of the base metals complex followed that downtrend.Nickel's outright price on the LME closed at $16,600 per tonne, falling by more than 4% from an intraday high of $17,545 per tonne, while more than...Read More

Lower-carbon aluminium may not yet award producers with higher premiums, but it has started making a difference when consumers pick their suppliers, according to a key executive at Companhia Brasileira de Alum?-nio (CBA)."At first, no company is really aiming to charge a higher premium for 'greener' aluminium," CBA's primary aluminium director Luis Jorge Nunes told Fastmarkets in an exclusive...Read More

Pig iron export prices from the south of Brazil were stable during the week ended Friday October 11, because suppliers have sold out all the available material until mid-December.Fastmarkets' weekly price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $275-280 per tonne on October 11, stable week on week."Suppliers are sold out and have availability only for mid-December," o...Read More

Key data from the pricing sessions in London, New York and Shanghai for the week ended Friday October 11.EuropeKey drivers European prices for grade 4-4-1 and grade 5-5-3 silicon edged down by 1.6% and 2% respectively after deals were concluded at lower levels. The silicon market has experienced slightly more activity both in the week to October 11 and the week before, with some traders taking pos...Read More