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) - Kitco estimated thatCarlin was the largest gold operation in the United States in Q2 2021, and thatthe domestic gold mining sector produced 1,370 koz of gold in Q2 2021, 6% less than1,460 koz produced...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) - B2Gold (TSX: BTO) (NYSE: BTG) today reported that its total gold production in the third quarter of 2021 was 310,261 ounces (including 14,538 ounces of attributable production from Calibre), above budg...Read More
Nov 2 (Reuters) -Shandong Fangyuan Nonferrous Metals Group, China's biggestprivate-sector copper smelter by capacity, has churned out thefirst copper from its 300,000 tonnes per year production lineafter a long shutdown, the company said on Tuesday. Fangyuan, which is ramping up output again after liquidityproblems at the end of 2019 forced it to run well belowcapacity, had fired up the line on Oc...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) - Karen Jones FSTA and Axel Rudolph FSTA at Commerzbank have taken alook at the dollar index chart in the bank's latest technical research note.The team point out that there could be an Elliott Wave form...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 2 that are worth another look.Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association...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) - This morning manufacturing PMI's are telling a familiar story assupply-side issues are forcing a slowdown despite demand remainingfirm.The report said, "The eurozone manufacturing sector lostfurther mo...Read More
Monday was like the previouscouple of weeks for gold and silver; they made a charge to breakout to theupside but failed. Platinum did the same and the $40.00 rally only reached thetop of the range. The pattern is the key, and it remains the same as a bridgeto nowhere. This morning, gold, silver andplatinum are flat to slightly lower. Our expectations have not changed, we arelong, and the trend is...Read More
Base metals prices on the London Metal Exchange fell marginally across the board at the close of trading on Tuesday November 2, with macroeconomic forces driving the price movements.The market was awaiting results of the United States Federal Market Open Committee meeting on November 3. The three-month copper price fell by 0.6% to $9,495.50 per tonne, from $9,555 per tonne at Monday's close. Volu...Read More
NEW YORK, Nov 2 (Reuters) - The dollar firmed slightly on Tuesday as the U.S. Federal Reserve kicked off its two-day policy meeting where it was expected to announce it will begin tapering its massive asset purchases put in place at the start of the COVID-19 pandemic.Investors in recent weeks have priced in a wave of tightening from central banks as they bet policymakers are sufficiently concerned...Read More
Replacing Section 232 tariffs on European aluminium products with tariff-rate quotas will result in even more trade distortions and create additional market instability for companies in both Europe and the United States, the head of industry association European Aluminium has said.The United States and the European Union (EU) reached an agreement over the weekend to replace the 10% tariff on...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 Tuesday. Bulls are keeping alive a price uptrend on thedaily bar chart. The Bitcoin bulls have the firm overall near-term technicaladvantage. The pat...Read More
WASHINGTON (Reuters) - The chair of the U.S. Securities and Exchange Commission (SEC)said on Tuesday it will consider new oversight rules for some platforms for trading U.S. Treasuries, in a move aimed at boosting transparency and competition.Gary Gensler said he asked staff to revisit a 2020 proposal issued here under the Trump administration intended to treat electronic trading platforms for c...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 2, 2021 From 2008 to 2020, America’s bankers and government could tell a lot of fabulous “mightiest fiat nation of all time” stories to the citizens, and the citizens believed most of these stories. Please click here now. They believed the stories because Main Street...Read More
(Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.John Morton, a former private equity adviser and Treasury's first climate counselor, told reporters Yellen would explain new U.S. governmen...Read More
NEW YORK, Nov 2 (Reuters) - Investors are watching everything from bond volatility to inflation measures as they try to gauge how an expected unwind of the U.S. Federal Reserve's easy money policies will reverberate throughout markets.Most market participants believe the Fed will announce the timing of the tapering of its $120 billion per month U.S. government-backed bond buying program at the con...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates headline, quotes and news; adds comments)LONDON, Nov 2 (Reuters) - The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty about whether the Bank of England will raise interest rates this week.Sterling rose to a 20-month high ver...Read More
HELSINKI, Nov 2 (Reuters) - Finland's Metso Outotec reported a smaller-than-expected rise in quarterlycore earnings on Tuesday and said sales were hurt by a backlogbuilding up due to supply chain problems. The mining equipment maker's July-September comparableearnings before interest, taxes and amortisation rose to 139million euros from 111 million last year, missing the 151.1million mean estimat...Read More
By Marco AquinoLIMA, Nov 2 (Reuters) - A wave of protests against Peru'skey mining sector is affecting the "country's perception interms of future investments," central bank president JulioVelarde said on Tuesday.Peru, the world's No. 2 copper producer, has seendemonstrators in recent weeks block roads in protests againstmines owned by Glencore , BHP Billiton and MMGLtd.Peru's largest co...Read More
NEW YORK/LONDON, Nov 2 (Reuters) - The dollar rose slightly as the U.S. Federal Reserve prepared on Tuesday to kick off its two-day policy meeting where it was expected to announce the start of tapering of its massive asset purchases put in place at the start of the COVID-19 pandemic.Investors in recent weeks have priced in a wave of tightening from central banks as they bet policymakers are suffi...Read More
WASHINGTON, Nov 1 (Reuters) - A U.S. Treasury Department-led regulatory body called on Monday for Congress to regulate issuers of "stablecoins" like banks and urged financial agencies to assess whether the role of these fast-growing digital assets in the country's payments system posed a systemic risk.The hotly awaited report by the President's Working Group on Financial Markets will likely boost...Read More