Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Friday following a U.S. jobs report that was weaker than expected. Stocks were poised for their third weekly loss in four weeks.Oil prices jumped Friday after OPEC member states and their allies agreed to cut production for at least six months.Broadcom Inc. (AVGO) rose 0.58% Friday after the c...Read More
Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.October's jobs count was revised lower from an initially reported 250,000 to 237,000.Jeff Cox| @JeffCoxCNBCcomPublished 11 Hours AgoUpdated9 Hour...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Friday December 7, supported by an uptick in equity indices while a softer US dollar index helped most three-month prices reverse Thursday's losses.Despite low volumes in LME trading, with aluminium's 11,723 lots topping the complex, strong afternoon trading resulted in intraday highs for aluminium,...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains. "The group anticipates that its German perimeter will not be able to reach its financial targets at December 31, 2018," the company said on Wednesday December 5. Weser-Metall GmBH, a wholly-owned German divisio...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 7.China The domestic ferro-chrome spot price slid after some sellers lowered prices to book sales and generate cash before year-end, but buying interest from China's domestic stainless steel mills was thin. The imported charge chrome market was quiet. Some sellers had just compl...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesDec 07, 2018 The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great bene...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Stocks plunge after weak jobs data — Here's what three experts say that means for investors 6 Hours Ago |02:44 Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones I...Read More
The suspensions come after it could not complete a conditional US$4 million extension to its working capital facility with Fujax Minerals and Energy.Cradle Arc said the working capital facility extension for its 60%-owned subsidiary Leboam, which operates Mowana, had been conditional on the completion of certain documentation and final approval from Fujax's credit committee.All had seemed fine, wi...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Getty ImagesGold prices hit a five-month peak on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected U.S. jobs data that raised the possibility that the U.S. Federal Reserve might go slow on interest rate hikes next year.Spot gold was up 0.86 percent at $1,248.28 per ounce, having hit $1,245.60 per oun...Read More
Tanami was Australia's fifth-largest gold producer in 2017, delivering 419,000 ounces of gold, just as Newmont completed the US$125 million Tanami Expansion 1 to add 80,000oz per year between 20...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 7.China The domestic ferro-chrome spot price slid after some sellers lowered prices to book sales and generate cash before year-end, but buying interest from China's domestic stainless steel mills was thin. The imported charge chrome market was quiet. Some sellers had just compl...Read More
Microcap drillers Cabo Drilling and Energold - both Toronto Venture exchange listed - were among the handful of METS companies to finish with a higher share price than a year earlier.Cabo appears to be turning into an industrial minerals miner in Mongolia under a proposed reverse takeover arrangement with Mongolian businessman Khurlee Ankhbayar's Phoenix Capital Enterprises, though stalwart Cabo c...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains. "The group anticipates that its German perimeter will not be able to reach its financial targets at December 31, 2018," the company said on Wednesday December 5. Weser-Metall GmBH, a wholly-owned German divisio...Read More
CloseGain/LossOn WeekGold $1248.40+$10.10+2.19%Silver$14.63+$0.25+3.25%XAU67.94+2.40%+5.40%HUI153.93+2.58%+6.13%GDM560.05+2.34%+5.32%JSE Gold1201.13-0.09+9.31%USD96.60-0.14-0.61%Euro114.10+0.24+0.80%Yen88.80+0.01+0.67%Oil$52.61+$1.12+3.30%10-Year2.856%-0.031-4.86%Bond143.90625+0.34375+2.27%Dow24388.95-2.24%-4.50%Nasdaq6969.25-3.05%-4.93%S&P2633.08-2.33%-4.60% The Metals: Gold saw slight ga...Read More
- As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves- No date given for removal of "commercially sensitive" gold reserves from Bank of England vaults- Bank of England vaults in London believed to hold almost EUR200 million of Irish gold- Ireland's financial system & economy is hugely exposed to a Brexit downturnvia Irish Independen...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Palladium futures notched another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years. On Tuesday, the price spread fell to $66.40 an ounce, with March palladium PAH9, +2.73% up $14.60, or nearly 1.3%, to settle at $1,180.20 an ounce and February gold GCG9, +0.84% up by $7, or 0.6%, to $1,246.60 an ounce on Comex. That's the lowest price...Read More