BHP's zinc concentrates production rose 5% year on year in the three months ended September 30, 2018, according to the company's quarterly production report released on Wednesday October 17. The company produced 30,558 tonnes in the July-September period, up 5% from 29,201 tonnes in the same period of 2017, although production dropped by 15% on a quarterly basis. The miner produced 35,983 tonnes o...Read More
NEW YORK (Reuters) - The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules.The step prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.The euro EUR= tumbled to $1.455, its lowest against the greenback since Oct. 9, on the new...Read More
LONDON (Reuters) - Britain’s Cabinet Office Minister David Lidington said it was too early to estimate the cost of extending a Brexit transition period after the government indicated it would consider asking for one to break a deadlock in talks with the EU.Lidington rejected claims that an extension would cost Britain more than 10 billion pounds ($13.10 billion) in payments to the European U...Read More
Manganese market participants believe that 2018 will be the first year since 2015 that will end without a dramatic fourth-quarter ore price rally.Sharp rallies in manganese ore prices occurred in October 2016 and December 2017, but so far in 2018 there have been few indications that such an event will be repeated, sources told Fastmarkets."I think the market will be relatively quiet," one market s...Read More
MEMPHIS, Tenn. (Reuters) - The Federal Reserve’s current monetary policy path would raise the risks of recession in an economy where recent, unexpectedly strong growth may start to taper anyway, St. Louis Fed President James Bullard said on Thursday.In remarks to the Economic Club of Memphis, Bullard pointed to a possible next chapter in the central bank’s discussion: What to do if, as...Read More
Since you cannot share with us any of your favorite gold stocks, can you tell us what you look for in a gold stock(s)?"There are many things that I look for in a company and for the most part that information is available. I read companies' news releases and updates and many independent research services The problem is at times interpreting and coming to a conclusion. And it is difficult t...Read More
Molybdenum prices have dropped in Europe in line with demand in the past few days, with traders waiting for consumer buying interest to pick up before committing to any significant inter-merchant business, sources said.Market participants have not reported to Fastmarkets MB any molybdenum trades in either oxide or ferro-molybdenum in the first half of the week. Alloy deals of around 60 tonnes were...Read More
(Kitco News) - Gold prices ticked up after the index for current general activity in the Philadelphia Federal Reserve’s manufacturing business outlook survey posted a decline to 22.2 in October following a rebound to 22.9 in September, suggesting slightly slower economic growth. The consensus expectations compiled by news organizations were for a reading of somewhere around 19.7.Gold prices...Read More
Ah, Saudi Arabia, land of heat and contradictions. One day they're jailing women's rights activists for wanting to drive, the next day they're dismembering still-living Washington Post journalists. And yet they can count the world's capitalist democracies as friends, because today's dysfunctional economic/geopolitical system depends on both Saudi oil and Saudi willingness to keep their (apparently...Read More
BHP's zinc concentrates production rose 5% year on year in the three months ended September 30, 2018, according to the company's quarterly production report released on Wednesday October 17. The company produced 30,558 tonnes in the July-September period, up 5% from 29,201 tonnes in the same period of 2017, although production dropped by 15% on a quarterly basis. The miner produced 35,983 tonnes o...Read More
Gold proved that $1,180 was agreat support level and now is trying to confirm a higher low at $1,220. Thebreakout through the $1,220 level was a classic blow-off trade -- continuedfailure at a level and then an explosion through as we saw on Oct. 11.After making higher lows, whichset up the big move higher, gold is repeating that same pattern, and ourexpectations are to see the pattern repeat. Blo...Read More
Thursday's declines add to the market's steep losses for the month. The Dow and S&P 500 have fallen more than 4 percent each, while the Nasdaq is down nearly 7 percent in October.Among the reasons for selling on Thursday, according to investors, were worries about the U.S.-China trade war, rising interest rates and lingering worries about possible overvalued U.S. tech stocks.Fred Imbert| @foim...Read More
Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, click the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Wednesday October 17Ferro-vanadium - Prices indicated at...Read More
MEMPHIS, Tenn. (Reuters) - The Federal Reserve’s most recent interest rate increase put monetary policy about where it should be, with no further hikes required in an economy where inflation remains weak, St. Louis Fed President James Bullard said on Thursday, pressing an argument he has made over the past two years.“The current level of the policy rate is about right,” Bullard s...Read More
(Kitco News) - Gold remained roughly steady Thursday after Labor Department datashowed that initial weekly U.S. jobless claims fell by 5,000 to aseasonally adjusted 210,000 in the week to Saturday. Comex December gold was last up 60 cents to$1,228 an ounce.Consensus expectations compiled by various news organizations hadcalled for initial claims to be around 210,000 to 215,000. The gover...Read More
(Kitco News) - Gold prices aretrading near unchanged in early U.S. trading Thursday. This week's pause, orsideways trading on the daily chart, is normal given the solid gains scoredlast week. Bulls appear to be readying for their next upside advance. December goldfutures were last up $0.40 an ounce at $1,227.90. December Comex silver waslast down $0.103 at $14.56 an ounce. Globalstock markets were...Read More
CloseGain/LossGold $1225.10+$1.30Silver$14.57-$0.06XAU70.05+0.28%HUI155.48+0.16%GDM556.39+0.27%JSE Gold1198.81+8.42USD95.97+0.39Euro114.59-0.46Yen89.37+0.02Oil$68.65-$1.1010-Year3.182%-0.009T-Bond138.00+0.09375Dow25379.45-1.27%Nasdaq7485.14-2.06%S&P2768.78-1.44% The Metals: Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and ended not far from...Read More
- Do you own gold in the safest way possible?- Do you own gold via an exchange traded fund, a digital gold provider or another form of pooled gold?- Have you ever thought about how you would sell or access your gold if the internet went down or if your gold provider became compromised or un-contactable?- In this episode of the Goldnomics Podcast, we discuss how Direct Access Gold ensures liqu...Read More
* Pound at 10-day low after May comments on Irish border * Retail sales weaker than expected, also weigh on currency * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Writes through after May comments, updates prices)LONDON, Oct 18 (Reuters) - The pound fell to intraday lowsin late Thursday trade, as summit talks in Brussels failed toresolve a Brexit standoff b...Read More
* Report says nickel pig iron output is rising in China * Copper dips to one-week low * Zinc only metal in positive territory on stocks fall(Updates with closing prices, adds nickel balance data)By Eric OnstadLONDON, Oct 18 (Reuters) - Nickel hit a one-month low onThursday, with copper and lead prices also in the red, asinvestors worried about Chinese growth and higher U.S. interestrates.Zinc, mea...Read More