EL PASO, Texas (Reuters) - In one of the biggest challenges for his party in Tuesday’s elections, Beto O’Rourke hoped to oust Republican Ted Cruz and become the first Democrat elected to the U.S. Senate from the deeply conservative state of Texas in three decades.The 46-year-old former punk rocker and three-term U.S. congressman captured the national spotlight and smashed an 18-year-ol...Read More
Chinese ferro-silicon prices dropped in the week ended Friday November 2 due to slow buying interest and a weak yuan versus the dollar, while the European market also succumbed to quiet demand, causing suppliers to cut their offer prices to garner buying interest. Chinese market drops in line with demand Weaker yuan exacerbates downward trend European suppliers cut offer prices ...Read More
LONDON (Reuters) - European shares ended a choppy session in negative territory on Tuesday as investors punished companies like Zalando that missed expectations and remained cautious while waiting for the results of U.S. mid-term elections.The pan-European STOXX 600 and the euro zone's leading index .STOXX50E both dipped 0.3 percent.“Global stocks are in wait and see mode today, with losse...Read More
(Updates with closing prices)By Pratima DesaiLONDON, Nov 6 (Reuters) - Copper prices fell on Tuesday asthe market waited for the result of the U.S. midterm electionsand a monetary policy meeting of the U.S. Federal Reserve laterthis week.Benchmark copper on the London Metal Exchange closeddown 0.5 percent at $6,158 a tonne.Aside from a brief dip below $6,000 a tonne last week,copper has been wedge...Read More
Chinese export prices for ferro-vanadium and vanadium pentoxide have held steady over the past week due to lackluster activity, with domestic prices remaining more favorable, while the European markets continued to gain strength on increased activity, closing the gap to the Chinese market. Chinese export prices stall amid favorable domestic market EU FeV prices up slightly on increased consumer ac...Read More
NEW YORK (Reuters) - Oil prices fell on Tuesday, with U.S. crude futures sliding to a seven-month low a day after Washington granted sanction waivers to top buyers of Iranian oil, as Iran said it had so far been able to sell as much oil as it needs to sell.Brent crude LCOc1 futures dropped 96 cents, or 1.3 percent, to $72.21 a barrel, by 11:03 a.m. EST (1603 GMT). The global benchmark hit a sessio...Read More
Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November's offers and the start of December's. Low-grade manganese ore prices rise in China amid a lack of offersHigh-grade manganese ore index slidesChinese manganese alloy prices largely steadySilico-manganese quotation drops in EuropeUS alloy price holds in quiet marketLow...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
Chrome ore and alloy prices dropped in China last week after tender price cuts for November continued to weigh on sentiment, while the US high-carbon ferro-chrome price halted recent declines on an uptick in inquiries. Chinese markets still reacting negatively to lower November tendersAlloy prices hold in JapanSouth Korean alloy prices inch lowerEuropean price drop on plentiful Indian supply ...Read More
Some Chinese bismuth producers are likely to cut production on squeezed profit margins, market participants told Fastmarkets, adding that it is hard to forecast the resultant impact on spot prices in the near term. Domestic Chinese bismuth prices have fallen from highs of this year of 71,000-72,000 yuan ($10,303-10,448) per tonne in February and have been mostly under pressure so far in 2018, acco...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon New York trade an...Read More
LONDON (Reuters) - Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S. stocks for more than two weeks in a row.Measured on a weekly basis...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
(Kitco News) - Gold pricesare moderately higher in early U.S. trading Tuesday, supported in part by theU.S. dollar index backing down from the 16-month high scored last week. Lookfor a quieter trading session in the metals and in many other markets, astraders and investors await the outcome of the U.S. mid-term elections. Decembergold futures were last up $3.70 an ounce at $1,236.00. December Com...Read More
SAN FRANCISCO (Reuters) - U.S. President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.The S&P 500 has risen 28 percent since Trump’s election in November 2016 to the eve of congressional midterm elections on Tuesd...Read More
The Turkish steel mills have resumed their deep-sea scrap purchases for December deliveries with prices remaining strong in the latest transaction, sources said on Tuesday November 6.A steel mill in the Marmara region booked a European cargo late on November 5, comprising 20,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 10,000 tonnes of a mixture of HMS 1 and plate and structural sc...Read More
WASHINGTON (Reuters) - After a divisive campaign marked by fierce clashes over race, immigration and other cultural issues, Americans began casting votes early on Tuesday to determine the balance of power in the U.S. Congress and shape the future of Donald Trump’s presidency.The first national elections since Trump captured the White House in a stunning 2016 upset will be a referendum on the...Read More
Drill core from the Currie Project in Ontario. Source Prosper Gold Corp.Prosper Gold Corp. [PGX-TSXV] has released impressive results from drilling at its Currie Project southwest of Matheson, Ontario.Investors reacted by sending Prosper shares to a high of 14 cents Tuesday November 6 on volume of almost 1.4 million shares traded. In early afternoon trading, the stock had slipped back to 12 cents...Read More
The Tuesday Market Minute Global stocks steady on the final day of trading before U.S. midterm elections, with a stronger U.S. dollar and modestly higher interest rates holding down gains.Asia stocks gain, despite weaker tech stocks following last night's Apple sell-off, with Japan posting a solid 1.1% advance while China shares slipped modestly into the red.Oil prices continue to slide, ex...Read More