(Kitco News) Gold dropped after the U.S. annual core PCE price index came in at 3.6% in September versus the consensus forecast of 3.7%. The index has been at 3.6% since June.On a monthly basis, the core PCE price index was up 0.2% as expected in September, according to the data published by the U.S. Department of Commerce on Friday.The core inflation strips out volatile food and energy prices and...Read More

Treatment charges for both zinc and lead concentrates on a cif China basis were steady over the two weeks to Friday October 29, with little trade in either market.The zinc spot concentrate TC, cif China, was assessed at $75-88 per tonne on Friday, unchanged since one month earlier.Clean cargoes were mostly sold in a narrow range of $80-85 per tonne, with prime brands remaining at the bottom of the...Read More

With themining complex attempting to create a sustainable bottom since the beginning ofQ4, the M&A space also began to perk up recently. Once the high-profile Agnico-Eagle/Kirkland Lake Gold"merger of equals" deal was announced at the tail-end of Q3, I suggested the possibility ofthese issues being related in my October 1stcolumn, along withsparking more M&A activity in the near-term.Into the endo...Read More

Copper smelters returned to the spot market this week with treatment and refining charges (TC/RC) relatively stable.For smelter purchases, clean tonnages for shipment in the fourth quarter and in January were seen with TCs in the low $60s. One extra clean cargo sold in the high $50s, while a lower-grade cargo of...Read More

Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.The LME three-month aluminium price closed at $2,716 per tonne on October 29, down from $2,746 per tonne at Thursday's close and was down by nearly 5.3% from last Friday's $2,868 per tonne. The price is also...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Codelco was the largest copper mining company in the worldin Q2 2021 (based on attributable copper tonnes). Top 10 copper miners produced2,255 thousand tonnes of copper in Q2 2021, 3% more than a year...Read More

Markets are always achallenge and never make it easy. Day traders get tortured by price action likewe have seen the past few days in Gold, Silver, and Platinum. For the fifth dayin a row, the metals looked poised to run and failed miserably.This type of trade toyswith emotions, and too many traders are too emotional. Anytime money isinvolved, emotions run high on both sides but especially when los...Read More

Real gross domestic product (GDP) increased 2.0% on an annual basis in the third quarter. Stagflation should now be a risk on investors' minds, said Peter Berezin, chief global strategist at BCA Research. "I wouldn't bet on it being as bad as [the 1970s]. I think the Fed would try to cool down the economy by raising rates before we got to double-digit inflation. But having said that, I think the r...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The latest Eurozone CPI reading will not do anything to take thepressure off ECB President Lagarde and her colleagues. The reading came inat 4.1% year on year vs analyst expectations of 3.7% (prev 3.4%...Read More

OUAGADOUGOU, Oct 29 (Reuters) - Several people are missingafter a convoy belonging to Canadian mining company Iamgold was attacked in northern Burkina Faso on Friday, twosecurity sources said.The vehicles carrying Iamgold employees came under attack onthe road between Dori and Essakane, where the company has itsbiggest operating mine. Another Iamgold convoy was attacked onits way to Essakane in Se...Read More

(Reuters) -The S&P 500 and the Nasdaq crept back up to record territory on Friday after a boost from Microsoft, which overtook Apple Inc as the world's most valuable company after the iPhone maker posted downbeat quarterly revenue on hit from supply chain disruptions.Wall Street's tech titans Google-owner Alphabet Inc, Meta Platforms (Facebook Inc) and Tesla Inc rose between 1.2% and 2.3%, while M...Read More

NEW YORK (Reuters) - The dollar index continued to rebound from prior-day losses on Friday after U.S. government bond yields rose on news that the Federal Reserve's preferred inflation measure showed prices continuing to rise faster than its 2% target.The euro, which has a heavy weighting in the dollar index, plunged 1.05% against the greenback - the most since at least June.The euro's drop helped...Read More

ROME (Reuters) - The IMF is narrowing its push for debt-for-climate swaps to focus on countries without major debt issues and has dropped plans to release a joint proposal with the World Bank before next week's UN climate conference, according to sources familiar with the matter.In April, International Monetary Fund (IMF) chief Kristalina Georgieva said green debt swaps could spur accelerated acti...Read More

LONDON, Oct 29 (Reuters) - The euro's losses deepened on Friday, retracing nearly half of its gains in the previous session, as euro zone inflation shot past expectations this month to equal its all-time high, creating a policy dilemma for the European Central Bank.The single currency which has broadly struggled against its rivals on Friday, slipped to more than one-year lows against the Swiss fra...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Glencore (GLEN:LSE) upgraded its profit forecast for the currentyear and said it expects underlying profit (adjusted EBIT) to exceed itsUS$2.2bn-US$3.2bn a year long-term guidance range. The firm said...Read More

Adam HamiltonArchivesOct 29, 2021The gold miners' stocks are recovering after a rough summer, where they were sucked into heavy gold-futures selling on Fed-tightening fears. That scuttled their normal autumn rally, leaving this sector way behind year-to-date. But now gold stocks' strongest seasonal rally is getting underway, the winter one. That should provide a nice tailwind accelerating this sec...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar are higherin early U.S. trading Friday. Bulls are keeping alive a price uptrend in placeon the daily bar chart. They have to defend this week's low, as a drop belowthat key chart su...Read More

Nomad will make up-front cash payments of $95 million for 5.938% of gold production attributed to Orion's 40% interest in the mine until 120,333 ounces have been delivered, and 3.958% thereafter.Read More

ROME, Oct 29 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she still sees inflation as a temporary result of severe supply chain bottlenecks, and expects price increases to normalize during 2022 as people get back to work and demand shifts back to services."As demand shifts back to services and supply has a chance to adjust, I believe that price increases will normalize and we'll...Read More