(Kitco News) - Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday, pressured by bearish outside markets that include another sharp drop in crude oil prices and a rally in the U.S. dollar index. However, there’s another outside market force that’s limiting the downside in the safe-haven metals: a major sell-off in the U.S. stock market recently that has...Read More
Still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subs...Read More
WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow told reporters on Tuesday the next phase of U.S. tax reform will not happen during the final months of 2018, the “lame duck” period when Republicans will still control Congress.A follow-up to Republicans’ 2017 tax overhaul could be passed in the new session of Congress starting in January, Kudlow said, even though D...Read More
Aluminium price remains under pressure as...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
A storm is coming in the equities markets and the first sign of a equity rain cloud is the death cross that is hanging over the Russell 2000. This occurs when the 50-day moving average (DMA) crosses below the 200 DMA to the downside (see chart below). I believe a break in the equities could be the catalyst that pushes gold through $1246/oz and powers it up to the 200 DMA at $1276/oz. Now recently...Read More
Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have tumbled over the past seven days by $20-55 per tonne due to weak demand and lower offer and deal prices, sources told Fastmarkets on Tuesday November 20.UAEAbout 5,000 tonnes of hot-rolled coil (HRC) from Ukraine was booked at $520-530 per tonne cfr.Chinese material, meanwhile, was on offer to the UAE at $510-520 per...Read More
(Kitco News) - Average daily gold turnover was $36.9 billion and 30.2 million ounces in the London over-the-counter market during the last week, the London Bullion Market Association reported Tuesday upon releasing a new report aimed at increasing transparency in the market.Average daily silver volume during this period was $5.2 billion and 359.3 million ounces, the report said.Some analysts po...Read More
Aluminium The three-month LME aluminium price is consolidating...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
Monthly data from the Swiss Federal Customs Administration show that gold demand in key Asian buying nations was weak during October, says Commerzbank. The report shows that Switzerland exported only 11.3 tonnes of gold to India last month, the least in at least five years. “This was probably due to sharp rises in local gold prices, as gold in Indian rupees increased by over 10% in price bet...Read More
Solid rebound in copper prices... The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Domestic rebar producers in the United Arab Emirates (UAE) have announced new prices for December production, although imported rebar prices remained stable over the past week.Steel billet prices, meanwhile, were unchanged because the rebar producers in the UAE have enough stock to last for more than one month, sources told Fastmarkets on Tuesday November 20.Domestic rebarThe country's biggest pro...Read More
Lead price ripe to head...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Gold is going nowhere but it seems to be in a hurry, or at least traders and investors are impatient. A watched pot never boils, and gold will make the next move when it's ready and not one minute before. The most important components of trading and investing are not the news or opinions of others but the patience for the chart to guide you. All markets leave footprints or a treasure map of what's...Read More
OTTAWA (Reuters) - The Bank of Canada will review its monetary policies and is open to making major changes, including a move away from its long-standing practice of targeting inflation, a senior official said on Tuesday.The deadline for the review is late 2021, when the central bank is due to renew its five-year inflation control agreement with the federal government. The inflation target has bee...Read More
Price still probing lower as price correction extends...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarUAE, domestic (Emirates Steel), rebar, offered at 2,016 dirhams ($549) per tonne ex-works, December...Read More
Tin underperforms its complex since November-start ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Prices outperform as structural tightness deepens ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
The latest metal markets news and price moves to start the North American day on Tuesday November 20.Base metals on the London Metal Exchange were predominantly lower during morning trading, with most metals trading in narrow ranges while global trade tensions and depleting LME stocks deter investors. Here is how the LME base metals complex looked at 11.45am London time:For a snapshot of exchange...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More