(Kitco News) - The giant Donlin gold project in southwestern Alaska has received major permits from the federal government, owners Barrick Gold Corp. (NYSE, TSX: ABX) and NovaGold Resources Inc. (TSX, NYSE American: NG) announced in a joint statement. Company officials say this marks the end of a multi-year federal environmental review. A “record of decision” (ROD) was issued by the U....Read More
(Kitco News) - Well-known fund manager Ray Dalio's Bridgewater Associates maintained holdings in gold exchange-traded funds during the second quarter even as the price of the metal fell, filings show.Institutional investment managers must file a Form 13F-HR, showing their major holdings, with the Securities and Exchange Commission within 45 days of the end of each quarter. The most recent round o...Read More
(Kitco News) - Gold's break to the downside was signaled on Friday when the euro failed to hold support at the 1.15 euro/dollar level. Traders were reluctant to sell into the weekend but the momentum accelerated on Monday. The issues with Turkey should have provided some safe-haven buying but the flows went into the dollar, as traders ignored gold's historic role. The selling in gold has abated so...Read More
Holdings of gold by the world’s exchange-traded funds have fallen by 4.5% since their May high as the precious metal weakened, says BMO Capital Markets. Gold on Monday fell below $1,200 an ounce and went on to its weakest price since last year, with the market selling gold in response to U.S. dollar strength rather than buying as a safe haven with Turkey “teetering on the edge of crisi...Read More
The latest news and price moves to start the Asian day on Tuesday August 14.With the exception of lead, base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. Read more here in our live futures report.Here is how prices looked at th...Read More
The latest news and price moves to start the Asian day on Tuesday August 14.With the exception of lead, base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. Read more here in our live futures report.Here is how prices looked at th...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 14....Read More
Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Tuesday August 14, under pressure from a continued surge in the US dollar index while a tendency toward risk-aversion continues to work its way through the commodities landscape....Read More
Australian zinc miner New Century Resources has started zinc concentrate production at its newly refurbished Century zinc mine. ...Read More
Chinese ferro-silicon prices started to climb last week on early signs of consumer buying interest, although increased production may temper stronger rallies, while the US market was supported ahead of expected renewed consumer demand. ...Read More
Imported cargoes are increasingly unattractive to Chinese chrome buyers while the yuan weakens and supply remains high....Read More
Australian zinc miner New Century Resources has started zinc concentrate production at its newly refurbished Century zinc mine. ...Read More
Imported cargoes are increasingly unattractive to Chinese chrome buyers while the yuan weakens and supply remains high....Read More
The Sukpo zinc smelter in South Korea, which has links to major producer Korea Zinc, has been closed and will remain so until September for environmental reasons, a company source told Metal Bulletin....Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Metal Bulletin....Read More
Turkish steel producers extended their absence from the deep-sea scrap markets while the political crisis between their country and the United States continued on Tuesday August 14....Read More
Comex copper prices once again traded in negative territory on August 14 morning in the US, with fears over the trade war and ongoing issues in Turkey weighing on the red metal....Read More
Nevsun Resources has rejected another hostile bid from the Lundin Mining Corporation, it announced on August 9....Read More
Three-month base metals prices on the London Metal Exchange consolidated higher from recent lows on the morning of Tuesday August 14 as relative calmness swept through the market to support a return of risk-on sentiment after the Turkish Lira stabilized at 6.8700 against the dollar earlier today.But disappointing Chinese data out this morning has limited any gains across the base metals complex am...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Metal Bulletin....Read More