(IDEX Online) - A 17.34-carat emerald-cut diamond ring broke the Australian record for a jewelry item sold at auction when it fetched A$575,000 (US$418,000).The gem, set in platinum with a pave-set of brilliant-cut diamonds, was reportedly bought by billionaire heiress and socialite Francesca Packer-Barham, 25, niece of the late media tycoon Kerry Packer.Australia's previous record for an auc...Read More

The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50 per oz., and finished the week at US$1,934.80 per ounce.Sibanye-Stillwater climbed US78 ? to US$13.19. The company reported that higher precious metal prices during the first half of 2020 underpinned its adjusted earnings befo...Read More

The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold Index lost 2.44% to 373.07. Spot gold fell US$29.50 per oz., or 1.5%, to finish at US$1,934.80 per ounce.PolyMet Mining's shares posted the largest gain after a district court in Minnesota found that the water permit...Read More

The S&P/TSX Venture Exchange was down 1.56% to 733.69. Spot gold fell 1.5%, or US$29.50 per oz., finishing the week at US$1,934.80 per ounce.Shares of Cornerstone Capital jumped $1.24 to $5.35. The company reported that drilling at its Miocene project, which was scheduled to start in February and March but was suspended due to Covid-19, will restart between December 2020 and April 2021. The Miocen...Read More

Jake Klein, executive chair of Evolution Mining says increased geopolitical tensions and unprecedented global stimulus has created a perfect environment for higher gold prices.Read full newsRead More

VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ('First Energy' or the 'Company) is pleased to announce assay results of s...Read full newsRead More

Are you worried about the looming recession and the resulting stock market crash? There are many indicators that the economy could fall into recession once the government eases its fiscal support. Whenever there is uncertainty in the modern financial system and the value of the currency, investors flock to gold as a safe haven. When the dollar depreciates, physical gold appreciates. Now, the quest...Read More

The most remarkable Warren Buffett move this year, I believe, is his decision to initiate a stake in premier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD), going against the man’s previous words of wisdom. Indeed, his decision to go for gold is a sign of the times.We’re in a rock-bottom interest rate environment, with a growing threat of inflation given the unprecedented amount of monet...Read More

Sep 07, 2020 Guest(s): Daniel Pavilonis Senior Market Strategist, RJO Futures A post-COVID-19 global economy is creating a paradigm shift in financial markets that will continue to benefit gold, even as prices struggle to break through resistance at $2,000 an ounce, according to one market analyst.In an interview with Kitco News, Daniel Pavilonis, senior market strategist at RJO Futures, said th...Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More

Three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday September 7, with trading volumes across the day thin because of the Labor Day national holiday in the United States, while LME nickel futures topped losses over the afternoon.Nickel's outright price on the LME closed at $15,186 per tonne on Monday afternoon, dipping from an intraday h...Read More

Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 7, with low turnover across the Asian trading session prompting sideways trading, while an ongoing drawdown in LME copper stocks kept the red metal's underlying price elevated. Copper's three-month price on the LME was recently trading at $6,743.50 per tonne on Monday morning, climbing...Read More

Producers of seaborne manganese ore, both 38% and 44% grades, successfully raised their offer prices on a cif Tianjin basis over the week ended Friday September 4, with support from the rise in value of the Chinese yuan, and from rising port and alloy prices, and despite underlying concerns about ore oversupply.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.22 per dry metric tonne u...Read More

The latest data for the global manganese ore market for the week ended September 7, 2020.Read More

The South Africa-focused company, saw its PGM basket price rise by 58% year-on-year to US$2,015/oz in FY2020, driven mainly by higher rhodium and palladium prices.Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More

Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels. This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish reb...Read More

London Metal Exchange base metals prices were mixed this morning, Monday September 7, as were pre-market major western equity index futures, while metals on the Shanghai Futures Exchange were mainly firmer and Asian-Pacific equities were mixed too. A better-than-expected US employment report on Friday led to a strong close for the base metals at the end of last week, but a weaker tone in equity ma...Read More

US-based electric vehicle maker Tesla has joined cobalt producers Huayou and Glencore as a member of a recently founded organization whose aim is to improve the artisanal mining sector in the Democratic Republic of the Congo (DRC).The Fair Cobalt Alliance (FCA) will help to boost the appeal of cobalt produced in the DRC by developing the working standards in artisanal mining, a part of the industr...Read More

The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More