Gold prices continue to be pulled by outside factors such as a strong dollar and dynamic U.S. equities markets creating a favorable and continued risk-on market sentiment. Today traders and investors bid gold prices higher with a strong U.S. dollar of equal force negating any realized gains. According to the KGX (Kitco Gold Index) as of 4:15 PM Eastern standard time, spot gold is currently trading...Read More
(Kitco News) - With gold heading for its fifth consecutive monthly decline, analysts are looking at the U.S. dollar for direction, adding that the greenback has a solid hold over the precious metal’s prices.Even though gold is slightly up on the day, with December Comex gold futures last trading at $1,206.30, up 0.11%, the yellow metal is still going to mark its longest monthly losing streak...Read More
(Kitco News) - Gold prices are now holding only modest gains in late-morning trading Friday. The metals have given back about half of their daily advances as the U.S. dollar index has pushed to its daily high and is trading moderately up. The safe-haven gold and silver markets probably won't see a lot of downside pressure the rest of the session, heading into a three-day U.S. holiday weekend that...Read More
(Kitco News) - Wall Street and Main Street both look for gold prices to rally in the week after traders return to work from the long U.S. Labor Day weekend, based on the weekly Kitco News gold survey.Eighteen market professionals took part in the Wall Street survey. Nine respondents, or 50%, called for higher prices, while four, or 22%, said lower. Five respondents, or 28%, predicted a sideways ma...Read More
Since late July, there has been a growing chorus of gold sector analysts calling for an imminent upside explosion in the miners based generally on the highly publicized and extreme managed money short position in gold futures. Although I happen to agree this overly large speculator short position is a time bomb which can eventually propel most everything gold related much higher once they are forc...Read More
(Kitco News) - Some volatility occurred as expected yesterday, as traders began squaring their books for month end and the last semi-official days of summer, with the long weekend ahead. The market is expected to be very thin after the European close and for traders looking to mitigate their risk, prudence suggested liquidity was going to deteriorate today. We may get another stab at the $1,200 su...Read More
* China's official factory PMI rises to 51.3 in August * Copper slumps 5 percent in August* GRAPHIC-2018 asset returns: (Recasts with closing prices, stronger dollar) By Eric Onstad LONDON, Aug 31 (Reuters) - Copper and other industrialmetals prices extended losses on Friday, hit by a strongerdollar and more trade tensions between the world's two largesteconomies.Aluminium, zinc and lead held in p...Read More
The latest news and price moves to start the Asian day on Friday August 31.Prices for base metals on the London Metal Exchange mostly fell by the close of trading on Thursday August 30, hampered by continued uncertainty about the United States' trade relations, while a resurgence of volatility across emerging markets' currencies weakened investment. Read more in our live futures report.Here are ho...Read More
The latest news and price moves to start the Asian day on Friday August 31.Prices for base metals on the London Metal Exchange mostly fell by the close of trading on Thursday August 30, hampered by continued uncertainty about the United States' trade relations, while a resurgence of volatility across emerging markets' currencies weakened investment. Read more in our live futures report.Here are ho...Read More
The London Metal Exchange three-month nickel price closed trading nearly 4% lower on Friday August 31, with the complex under pressure from the stronger dollar....Read More
The Shanghai Futures Exchange has received the greenlight to start trading the long-awaited copper options on September 21, the China Securities Regulatory Commission (CSRC) said on Friday August 31....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing session in the week ending Friday August 31. ...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing session in the week ending Friday August 31. ...Read More
Srinivasan Venkatakrishnan was to take up his duties as the new chief executive officer of Vedanta Resources on Friday August 31, replacing interim CEO Kuldip Kaura, according to a company statement issued on the same date....Read More
Chinese silico-manganese production jumped 22% month on month in July, wiping out June production cuts and driving global supply to its highest level since January. ...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Alloy steel scrap prices in Europe were unchanged this week for all grades, although there was growing pressure on prices for chrome steel scrap grades, sources told Metal Bulletin on Friday August 31....Read More