Gold futures are currently trading up $3.70 and as of 4:00 PM Eastern standard time, are fixed at $1,205. That makes for a modest gain but well below the highs achieved earlier as gold traded to $1,212.70 an ounce. About 76% of the gains today can be attributed to investors bidding up the precious yellow metal. The remaining 24% of today's gains are a result of the fractionally weaker U.S. dollar....Read More
(Kitco News) - Gold prices were just slightly up in early-afternoon U.S. trading Thursday. Better gains seen in early-morning trading were given back as the session progressed. A modestly weaker U.S. dollar index today and slightly downbeat U.S. economic news supported some buying interest in the precious metals markets today. Also, there could have been some mild safe-haven demand at work support...Read More
Standard Chartered expects a bounce in gold prices once this month’s meeting of the U.S. Federal Open Market Committee is history. Trade tensions, the performance of China’s currency and emerging-market currency weakness are continuing to set the tone for gold prices, Standard says. “However, we still expect gold prices to gain upward momentum after the September FOMC meeting,&rd...Read More
(Kitco News) - Holdings of gold by global exchange-traded funds and similar products fell by 40 tonnes during August, the World Gold Council reported Thursday.Holdings now stand at 2,353 tonnes after three straight months of declines. The drop was also coupled with softer gold prices and assets under management fell by 3%. For the year to date, ETF holdings are now down by 18.5 tonnes.Most ETFs tr...Read More
(Kitco News) - Gold remained stronger after the Commerce Department reported Thursday that U.S. factory orders fell by 0.8% to $497.8 billion in July. Comex December gold was last up $9.60 at $1,210.90.Consensus expectations compiled by various news organizations called for orders to be down by around 0.6% or 0.7%.The monthly decline followed a short streak of two straight decreases. June durables...Read More
(Kitco News) - Gold prices edged down slightly but remained near daily highs after momentum in the service sector beat expectations in August, according to the latest data from the Institute of Supply Management (ISM).The Non-Manufacturing Purchasing Managers' Index rose to a reading of 58.5% in August, up from July’s reading of 55.7%. The increase was a surprise to the markets, which expect...Read More
(Kitco News) - Gold and silver prices are higher in early U.S. trading Thursday. A weaker U.S. dollar index today and some slightly downbeat U.S. economic news are supporting some buying interest in the precious metals markets. Also, there could even be some safe-haven demand at work supporting the metals today, amid new and unflattering revelations about U.S. President Trump. December gold future...Read More
* Trade war fears to cap prices of industrial metals * Aluminium supported by higher raw material costs (Updates with closing prices) By Pratima Desai LONDON, Sept 6 (Reuters) - Copper prices rose on Thursdaydue to funds covering short positions and recent dollarweakness, but significant gains are unlikely due to anescalating trade dispute between the United States and China. Benchmark copper on t...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
The latest news and price moves to start the Asian day on Thursday September 6.Copper prices on the London Metal Exchange climbed by 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the United States' dollar index amid continued price dips in the LME's three-month lead and nickel prices. Read more in our live futures report.Here are how prices looked at the c...Read More
Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.But suppliers remained wary about committing to business before consumer businesses were fully staffed again after the summer holiday period, which will p...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
The aluminium market in the United States remains structurally short in spite of a series of recently introduced trade policies designed to benefit domestic producers, according to a senior executive at Vedanta.These policies make imports more costly for consumers and also make further retaliatory trade actions possible, Jean-Baptiste Lucas said.Lucas, the company's chief sales and marketing offic...Read More
Norsk Hydro's Alunorte alumina refinery in the northern Brazilian state of Par?? has signed two agreements with local authorities, representing a significant step toward the facility resuming full production, the Norwegian aluminium producer said on Thursday September 6.The deals, signed on Wednesday between Alunorte, Brazilian federal and state prosecutors as well as the Par?? state government an...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
Cobalt metal prices stabilized during the second half of August after inquiries resumed when market participants returned from the summer break, while sulfate prices continued to slide. Price moves: Aggressive summer selling continued into August and pushed Metal Bulletin's low-grade cobalt price down to an eight-month low. But a resumption of buying interest sent out a signal that the blue m...Read More