The following Metal Bulletin minor metals prices changed on Friday August 10:...Read More
European tellurium prices fell on Friday August 10, while the speculative summer trading that meant prices rose in recent weeks subsided, with ample supply levels remaining....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base prices for stainless steel flat and long products in Europe were assessed unchanged for the ninth consecutive week on Friday August 10....Read More
Taiwan's Ministry of Finance has started a sunset review to decide whether to retain its anti-dumping duties on imports of cold-rolled stainless steel from China and South Korea, it said this week....Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday August 10:...Read More
Turkish steel producers have continued to struggle with the weakening lira and only those mills that required scrap urgently were in the market, sources said on Friday August 10....Read More
A strong U.S. dollar has tempered any real upside move in the precious metals markets today. Although traders are currently bidding up the all the precious metals, only silver, platinum and palladium have closed with positive gains. This can very well be explained as the three precious white metals all have intrinsic industrial value, and as such are reacting favorably to recent economic data.Gold...Read More
NEW YORK (Reuters) - The Federal Reserve provided $100 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.The European Central Bank swapped $100 million with a term of 6 days and a rate of 2.42 percent.The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the...Read More
NEW YORK (Reuters) - The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.The benchmark index is less than half a percent shy of the record it hit Jan. 26, while the Nasdaq was close to an all-time record as well.The technology sector has been at the center of a sharp recovery in U.S. stocks since a market rout i...Read More
LONDON (Reuters) - European shares edged higher on Thursday as corporate earnings boosted consumer stocks, although worries over China-U.S. trade tensions and new sanctions against Russia kept gains muted.While worries over an escalation in the trade dispute between the U.S. and China dampened market sentiment earlier on, a strong batch of earnings among consumer discretionary stocks helped the ST...Read More
(Kitco News) - Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S. trading Thursday. Both metals are seeing some stabilization this week after recently notching 12-month lows. December gold futures were last down $0.10 an ounce at $1,220.90. September Comex silver was last up $0.038 at $15.47 an ounce.Gold got a slight boost following this morning’s U.S. prod...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) reported a profitable second quarter Thursday as the cash cost of producing an ounce of silver, after byproduct credits, was in negative territory.The company also revised its production guidance higher to account for the recent acquisition of the Nevada properties from Klondex Mines Ltd.Net income was $11.9 million, or 3 cents per share, compared to a ne...Read More
Royal Gold, Inc. (Nasdaq: RGLD) reports net income of $26.7 million, or 41 cents per share, for its fiscal fourth quarter that ended June 30. Excluding special items, adjusted net income was $27.6 million, or 43 cents per share, up 39% from the prior-year quarter. The company reports a 3% year-on-year increase in gold-equivalent ounces to 89,000. For the fiscal year that ended June 30, Royal Gold...Read More
Every day I wake up thinking that we may see a new day for gold, and every day there is disappointment. The trade in gold is a lot like life -- good days, bad days, highs and lows. Like the markets, life never announces what is going to happen next. Gold is in a low period now; every day is a bad day. The action in gold feels like a bottomless pit with no hope that it will ever rally again. Trader...Read More
(Kitco News) - For traders, gold has offered a nice range over the past week. Buying the $1,207 support line and taking profits in the high teens has worked three times in the past week. In the doldrums of summer, it at a minimum keeps you awake. Given that there has been no fundamental change in interest-rate differentials and no flare-up of geopolitical tensions, one would expect the market to b...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More
The latest news and price moves to start the Asian day on Thursday August 9.Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. Read more here in our live futures report.Here is how prices...Read More