Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
April 12 (Reuters) - Futures for Canada’s main index were higher on Thursday as investor worries over a swift American military action in Syria eased following U.S. President Donald Trump’s latest comments.June futures on the S&P TSX index were up 0.23 percent at 7:15 a.m. ET.U.S. President Donald Trump amended on Thursday an earlier warning of a quick military strike against Syria...Read More
WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer.He parried questions of how much control people have over their data on the world’s largest social media network without a major gaffe, while avoiding being cornered into supporting n...Read More
DETROIT/BEIJING (Reuters) - Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt the impact of trade U.S-China trade spats.Ford has said it plans to build an all-new sport utility vehicle in China by the end of 2019, h...Read More
Aluminium prices on the London Metal Exchange soared to a ten-year high on Thursday April 12, while the market continues to react to recent US sanctions against Rusal. The three-month aluminium price reached a high of $2,331 per tonne throughout the day, the highest since March 5, 2012. The light metal climbed a further 2% despite reaching a low of $2,202.50 earlier in the day following a 100...Read More
Decreases in China's domestic and export coke prices have not been halted, although some market participants had expected they would, because the steel markets have yet to gain momentum and coking coal prices are still weakening.Metal Bulletin's assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $315-325 per to...Read More
Market participants say they expect more deliveries of aluminium metal into London Metal Exchange warehouses over the next few days after more than 100,000 tonnes were delivered into Europe in the morning of Thursday April 12. The large delivery comes three days after the LME announced that it will suspend the placing of Rusal metal on-warrant with effect from April 17. The suspension was a r...Read More
Torex has traded down significantly on a temporary labor shutdown - a recipe for an undervalued stock.Long term prospects for production increases and expansion are excellent.Gold continues to perform well while the gold producers lag behind, a combination likely to reverse before long.As you can see on the chart below, Torex Gold (OTCPK:TORXF) has had a difficult past year to say the least. The s...Read More
Dollar intrinsic or intrinsic value analysis is helpful in determining the true value of assets and as a leading indicator.Higher percentage allocations of precious metals in cash equivalents during times of geopolitical unrest.Increase gold/metal miners and oil companies to higher percentages due to improved profit margins.Hypothesis: Dollar intrinsic or intrinsic analysis of a market, the US Dol...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery gained 25 cents to $67.07 on the New York Merc, while Brent for June lost four cents to $72.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to W...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a positive 86-78-120. The TSX Venture Exchange rose four points to 782 while rough diamond prices gained 0.2 per cent this week. Bruce Counts's Lithoquest Diamonds Inc. (LDI) continu...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $18.50 to $1,334.30 on Thursday. The TSX Venture Exchange rose 4.66 points to 781.37 while the TSX Gold Index lost 1.96 points to 186.60. Canadian gold miners lost ground today, with Fred Stanford's Torex Gold R...Read More
• A strong USD rebound prompts some aggressive selling. • Improving risk-appetite adds to the downward pressure. • Gains some respite from disappointing US weekly jobless claims. Gold extended its steady decline through the mid-European session and retreated farther from YTD highs, retested in the previous session. A strong US D...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter The TSX Venture Exchange gained 4.66 points to 782.37 Thursday.Donald Wright, Avi Grewal and John O'Sullivan have filed a preliminary prospectus to list their second capital pool shell, Cinaport Acquisition Corp. II. They plan to sell...Read More
Increase of geopolitical concerns increases gold's safety demand.Gold rallies impressively to an important price level.A push behind this level should spark additional short covering.Gold benefited from the latest instability in Russia and Syria on Wednesday and finally lived up to its potential as a safe-haven asset. A significant rally to a multi-week high gave the bears a scare but embolden...Read More
Investing.com – Gold prices gave up its earlier gain amidst the mounting Syria conflict threat as the dollar recovered after trading around this week’s lowest range earlier in the day.Gold Futures for June delivery on the Comex division of the New York Mercantile Exchange was down $7.1, or 0.52%, to $1,352.8 a troy ounce by 1:13AM ET (05:13 GMT).The U.S. dollar index that tracks the gr...Read More
Turkish steel producers have resumed their bookings for May shipments and prices started to rebound on Thursday April 12.Three deep-sea cargo trades were heard on Thursday, although the deals had been made late on Wednesday, according to market sources.A steel mill in the Marmara region booked a European cargo, comprising 19,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shredded and 11,000 tonnes...Read More
Moody's Investors Service and Fitch Ratings have withdrawn all ratings of UC Rusal, the aluminium company said on Thursday April 12. "Moody's has decided to withdraw the ratings for its own business reasons," Rusal said. Fitch has withdrawn its ratings due to the sanction restrictions of the Office of Foreign Assets Control of the Department of the Treasury of the United States of America...Read More
The latest news and price moves to start the Asian day on Friday April 13.Aluminium prices on the London Metal Exchange soared to a 10-year high on Thursday April 12 with the market continuing to react to recent US sanctions against Rusal, while the rest of the base metals complex fell. Read more in our live futures report.Here are how prices looked at Thursday's close:The sanctions on Rusal have...Read More
Market participants say they expect more deliveries of aluminium metal into London Metal Exchange warehouses over the next few days after more than 100,000 tonnes were delivered into Europe in the morning of Thursday April 12. The large delivery comes three days after the LME announced that it will suspend the placing of Rusal metal on-warrant with effect from April 17. The suspension was a r...Read More
Comex copper prices were dragged lower on Thursday April 12 by escalating geopolitical tensions and signs that the US Federal Reserve will be aggressive in normalizing interest rates, boosting the dollar. Copper for May settlement on the Comex division of the New York Mercantile Exchange tumbled 6.30 cents or 2% to $3.0540 per lb. The red metal has been unable to sustain any consistent direction f...Read More