CloseGain/LossOn WeekGold $1234.00+$3.70+0.62%Silver$14.70+$0.08+0.48%XAU65.17+0.68%-7.02%HUI144.65+0.86%-7.03%GDM530.73+0.31%-5.03%JSE Gold1213.58+13.07+1.56%USD96.35-0.28+0.66%Euro114.20+0.45-0.78%Yen89.42+0.40+0.34%Oil$67.59+$0.26-4.82%10-Year3.079%-0.045-3.66%Bond139.375+0.65625+1.11%Dow24688.31-1.19%-2.97%Nasdaq7167.21-2.07%-3.78%S&P2658.69-1.73%-3.94% The Metals: Gold gained $8.30 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,578163,19073,950163,414209,934429,942447,074Change from Prior Reporting Period 3,378-8,3432,672-2,72911,7953,3216,124Traders19187935454288197 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,89030,758477,832 93-2,7103,414 non reportable positionsChange from the...Read More
Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This WeekHere is our Friday digest of the important news, commentary, charts and videos we were informed of this week.The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have s...Read More
After the roller coaster ride this week in global financial markets, investors are cautious investing in everything. Gold is consolidating in a $1220-$1245 range. This range will be broken by Halloween. If industrial metals crash, then silver could take a back seat. Speculation of oversupply in crude oil has resulted crude oil trading with a softer bias. If crude oil does not rise today (being t...Read More
The Friday Market Minute Global stocks extend declines, setting up Wall Street for another rough ride, after disappointing third quarter earnings from Amazon and Alphabet after the close of trading Thursday.Amazon forecasts the weakest revenue growth in two years, while Alphabet's ad revenue slows, taking the shine off two key FAANG stocks amid a solid earnings seasons characterized by weaker-th...Read More
(Kitco News) - Gold prices aremoderately higher in early U.S. trading Friday, on more safe-haven buying aheadof a likely volatile trading session in the U.S. stock market, and an uncertainweekend on the geopolitical front. December gold futures were last up $3.00 anounce at $1,235.00. December Comex silver was last down $0.005 at $14.625 anounce. TheU.S. economic highlight this week is this mornin...Read More
A summary of Glencore's third-quarter production results for the three months ended September 30 (own-sourced output volume, year-on-year change):Copper - 366,900 tonnes, + 21% Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Katango restarted in December 2017. Own-source copper metal from Katanga increased by 10% quarter on quarter to 39,300 tonnes...Read More
BRUSSELS (Reuters) - Senior euro zone officials preparing meetings of euro zone finance ministers supported this week the European Commission's decision to reject Italy's draft budget for next year, a senior EU official said on Friday.The debate was held in preparation of the monthly meeting of euro zone finance ministers scheduled on Nov. 5 which will discuss the Commission's rejection, the offic...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Stephanie Landsman| @stephlandsman Published7:37AM ET Wed, 24 Oct 2018CNBC.com show chapters Gold rally is on borrowed time, Wells Fargo warns 2:44PM ET Tue, 23 Oct 2018 |01:42 Gold's surge to July highs is creating a bright spot in the market as U.S. stocks struggle.However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a ma...Read More
(Reuters) - U.S. stock index futures pared some losses on Friday after economic data showed that the U.S. economy grew at a lower pace than expected.Compared to the third quarter of 2017, the economy grew 3.0 percent, the best performance since the second quarter of 2015, while economists polled by Reuters had forecast GDP expanding at a 3.3 percent pace in the third quarter.At 8:34 a.m. ET, Dow e...Read More
An overview of the minor metals markets in the week ending Friday October 26, and the reasons for any price moves.Read More
* Stocks set for worst losing streak since 2013 * U.S. Q3 economic growth slows less than expected * Palladium slips off record highs hit on Tuesday (Updates prices, adds comments, details)By Swati VermaBENGALURU, Oct 26 (Reuters) - Gold prices rose on Fridaytowards the three-month highs hit earlier this week as nervousinvestors retreated from stock markets and piled into theprecious metal seen as...Read More
Exploring Great Bear's Dixie Lake gold project in northwestern Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] on Friday October 26 announced details of a $3.5 million private placement of flow-through common shares. Proceeds from the offering will be used to incur Canadian exploration expenses related to an expanded exploration effort at the company's flagship Dixie...Read More
Ferrous scrap prices moved in differing directions in the various global markets over the week from Monday October 22 to Friday October 26, depending on their market fundamentals.Import prices in the key Turkish market were on a slight upward trend due to consistent demand, while prices in Asia dipped because there was sufficient supply and weak demand.Export prices on the West Coast of the United...Read More
NEW YORK (Reuters) - The U.S. dollar index rose to a session high of 96.860 .DXY on Friday morning, holding near a two-month high, after headline third-quarter gross domestic product data topped estimates.The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years and a surg...Read More
Prices of several alloy scrap grades eased this week, albeit only marginally - a reflection of continued poor demand and a fall in nickel prices.Fastmarkets MB assessed UK domestic 18/8 scrap solids at ?840-880 ($1,080-1,132) per tonne delivered on Friday October 26, down by ?10-20 from the previous assessment.European import prices for 18/8 scrap solid also slipped, dipping by ?,?10 per tonne a...Read More
Senator Doug Black.By Peter KennedyDespite recent setbacks, Alberta Senator Doug Black believes the Trans Mountain Pipeline Expansion Project will ultimately be approved. However, he fears that getting major resource projects approved in Canada will remain an uphill battle, especially if there are no amendments to Bill C-69.Black says the Canadian Government would not have had to pay $4.5 billion...Read More
BEIJING (Reuters) - Chinese President Xi Jinping said on Friday that bilateral relations with Japan had returned to the “right track” and China would ensure the positive momentum continues, state media reported.Xi, who made the remarks while meeting with visiting Japanese Prime Minister Shinzo Abe, added that a healthy and stable relationship was in line with the interests of both coun...Read More
BEIJING (Reuters) - China and Japan on Friday pledged to forge closer ties as both countries stood together at an “historic turning point”, signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang also agreed the two countries would work together to achiev...Read More