(Kitco News) - The gold market remain under pressure as momentum in the U.S. economy pushed higher in the second quarter.Wednesday, the second reading of second-quarter Gross Domestic Product showed the U.S. economy grew 4.2%. The data was slightly stronger than expected as consensus forecasts were calling for growth of 4%.Gold prices were in negative territory ahead of the report, weighed down by...Read More
(Kitco News) - Gold failed to push through the $1,212 level yesterday as the dollar regained some strength. Dollar was up .5% and gold down .5%. With the loss of momentum at the $1,212 area yesterday, traders took some money off the table from gold's recent 3% bounce. Until we see a significant change in perception, gold will continue to struggle to regain recognition as a necessary short-term hol...Read More
SANTIAGO (Reuters) - On Chilean water regulator Oscar Cristi's desk, a small white espresso cup teeters atop piles of documents and loose folders that appear on the point of collapse, perhaps an apt metaphor for the growing water crisis in parts of the Andean country.Sitting in his eighth-floor office adjacent the presidential palace, Cristi, a PhD economist, lays out a map of Chile showing key wa...Read More
The latest news and price moves to start the Asian day on Wednesday August 29.Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area agreement. Read more here in our live futures report.Here is how prices looked at...Read More
The latest news and price moves to start the Asian day on Wednesday August 29.Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area agreement. Read more here in our live futures report.Here is how prices looked at...Read More
Base metal prices on the London Metal Exchange were largely lower at the close of trading on Wednesday August 29, pressured by investor uncertainty over US-Sino trade relations while positive second-quarter GDP growth indicated strength in the US economy. ...Read More
In-warehouse Shanghai zinc premiums ticked up due to active import business in the week ended Tuesday August 28, while global lead premiums were mostly steady in the ongoing quiet summer period. ...Read More
Participants in China's nickel market reported an increase in domestic nickel supply and premium ranges in the market widened Tuesday, while premiums in the European nickel market were flat for the last leg of the summer lull....Read More
Price spreads widened in the European molybdenum markets in the middle of the week that began on Monday August 27, after easing the week before, sources told Metal Bulletin this week....Read More
Key data from the Wednesday August 29 pricing session in Europe. ...Read More
BHP expects grade differentials to persist in the iron ore market, with iron units in ore and penalties for impurities expected to remain the key drivers of the trend....Read More
Antimony prices in Europe and China rose in the week ended Friday August 24 amid concerns of tightened supply due to the latter's continued crackdown on antimony smuggling at the China-Vietnam border....Read More
Key data from the Wednesday August 29 pricing session in Europe. ...Read More
Turkish steel producers went through Wednesday August 29 without making any bookings in the deep-sea market for scrap steel, due to holidays in the country....Read More
Comex copper prices failed to hold onto weekly gains in morning trading on Wednesday August 29 with a stronger dollar proving a headwind. ...Read More
China's domestic hot-rolled coil prices slid in the afternoon of Wednesday August 29 on futures losses, with sentiment dampened by news that inventory levels for the flat steel product grew in the country's central and western regions....Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil held steady over the past week due to a lack of transactions as a result of limited overseas demand, though China's strong domestic market prevented export offers from falling....Read More
Export prices for Chinese plate remained steady over the past week despite buyers submitting lower bids, with the strength in China's domestic market continuing to provide support....Read More
Ratings agency Moody's has decreased its credit rating for Turkish steelmaker Erdemir Group to Ba3 from Ba2, and described its outlook as negative, Erdemir said on Wednesday August 28....Read More
Metal Bulletin will publish certain price assessments for long steel and billet products in Turkey on Friday August 31, 2018, instead of Thursday August 30, because of the country's Victory Day public holiday.The following prices will be published on August 31:Turkey semi-finished and long steel- Turkey, export, rebar, $ per tonne fob main port- Turkey, domestic, rebar, $ per tonne exw- Turkey, ex...Read More