Norsk Hydro's third-quarter earnings were up from a year ago due to higher all-in aluminium and alumina prices, but a continued production curtailment at the company's Alunorte alumina refinery in Brazil continues to have a negative impact.The company's underlying earnings before financial items and tax (Ebit) increased to Nkr2,676 million ($323 million) in the third quarter of this year, up 9% fr...Read More
LONDON (Reuters) - For investors trying to call the end of the bull run for stocks, the headline performance of the world’s equity markets this year may not be telling the whole story.Wall Street’s S&P 500 is up 2.5 percent continuing its longest bull run in history while the MSCI All-Country World Index, a widely watched gauge of world stock market health, has lost just 5 percent...Read More
(Kitco News) - Gold prices aremoderately lower in early U.S. trading, on a normal corrective pullback aftergood gains Tuesday that pushed prices to a nearly three-month high. Also, thereis a modest uptick in investor risk appetite at mid-week. December gold futures were last down $7.50 an ounce at $1,229.30. December Comex silver was last down$0.073 at $14.715 an ounce. Globalstock markets were mi...Read More
(Removes erroneous reference to price in paragraph 2) * All six LME industrial metals fall * Zinc touches 3-week high on supply fears * Zinc deficit grows to 76,200 tonnes in August-ILZSGBy Peter HobsonLONDON, Oct 24 (Reuters) - Industrial metals prices fell onWednesday, pushed lower by a stronger dollar and losses onglobal stock markets that reflected a lack of appetite for riskyassets, though zi...Read More
NEW YORK (Reuters) - The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesday to its strongest since Aug. 20 after European data signalled that economic growth could be flagging across the euro zone.Euro zone business growth slowed more than expected this month, a widely watched Purchasing Managers Index (PMI) survey showed. German private-sector growth fell to its lowest...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to report on the success of the updated loyalty programs implemented by the Company earlier this month. In addition to these programs, Peekaboo Beans has noted a significant increase in influencer activity on Instagram and Facebook.Following the launch of these programs, the Company rec...Read More
MOSCOW (Reuters) - The United States has yet to decide if it will impose new sanctions on Russia, U.S. President Donald Trump’s National Security Advisor John Bolton said on Wednesday, saying it was in the process of making a decision.Bolton made the comments at a news conference in Baku, the capital of Azerbaijan, according to a transcript of the event provided by the U.S. National Security...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
BRUSSELS (Reuters) - Steel imports into Europe have risen sharply as a result of U.S. tariffs, particularly from Turkey, threatening European steelmakers as demand growth in the continent slows, European steel association Eurofer said on Wednesday.Eurofer said in its quarterly review it expected European Union apparent steel consumption, a reflection of supply to the market, would rise by 2.2 perc...Read More
* German yields hit day’s low after euro zone PMI data* Euro down half a percent on day* Italian yields rise up to 7 bps* Euro zone periphery gov't bond yields tmsnrt.rs/2ii2Bqr (Updates prices)By Abhinav Ramnarayan and Virginia FurnessLONDON, Oct 24 (Reuters) - The euro fell and the euro zone’s government bond yields dropped on Wednesday after data showed business growth in the sing...Read More
CloseGain/LossGold $1232.60+$2.50Silver$14.67-$0.06XAU68.04-2.10%HUI152.65-1.75%GDM552.92-0.94%JSE Gold1210.21-17.80USD96.37+0.44Euro113.98-0.73Yen89.00-0.14Oil$66.82+$0.3910-Year3.104%-0.066T-Bond139.09375+0.90625Dow24583.42-2.41%Nasdaq7108.40-4.43%S&P2656.10-3.09% The Metals: Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM EST and then bounc...Read More
- Palladium prices surge to an all-time nominal high over $1,150/oz- Russia is one of the top producers and growing tensions with the U.S. may result in a "supply crunch"- Palladium is widely used in the automotive industry and is experiencing significant demand and a "supply crunch"- Deep supply deficits in palladium are predicted by Citigroup and other analysts (see Bloomberg table)- Gold an...Read More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways t...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Key data from the Wednesday October 24 pricing session in Europe.Key drivers The downward trend in the European ferro-titanium market in October has been extended in the latest assessment, with high-volume sales to Europe from Russia dragging down prices. Sources said there is supplier resistance at $5 per kg, which is proving something of a psychological level for the market. But there is en...Read More
Key data from the Wednesday October 24 pricing session in Europe.Key drivers The downward trend in the European ferro-titanium market in October has been extended in the latest assessment, with high-volume sales to Europe from Russia dragging down prices. Sources said there is supplier resistance at $5 per kg, which is proving something of a psychological level for the market. But there is en...Read More
Ali Kucukgocmen, Ezgi ErkoyunISTANBUL (Reuters) - U.S. President Donald Trump said Saudi Arabia’s Crown Prince bore ultimate responsibility for the operation that led to Jamal Khashoggi’s killing, and Turkish police were allowed to extend their probe at the Saudi consulate in Istanbul.In his toughest comments yet, Trump told the Wall Street Journal he wanted to believe the prince when...Read More
A Turkish steel producer booked a US deep-sea cargo earlier this week, bringing prices down on Wednesday October 24, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 33,000 tonnes of HMS 1&2 (80:20) at $331 per tonne, 5,000 tonnes of shredded at $336 per tonne and 2,000 tonnes of bonus grade at $341 per tonne cfr.This cargo was sold...Read More
(Reuters) - The U.S. Federal Reserve should continue raising interest rates at least two but probably three more times before assessing whether further rate hikes to restrain growth are warranted, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.“My base case for 2019 is to gradually and patiently raise the federal funds rate into a range of 2.5 to 2.75 percent or, more...Read More