Key data from the Wednesday August 29 pricing session in London....Read More
Key data from the Wednesday August 29 pricing session in London....Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 29:...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
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 29:...Read More
Import prices for steel billet in Southeast Asia were flat on Wednesday August 29, with most participants holding off on offers and bids following the recovery in prices from major supplier Turkey....Read More
Gold futures are trading under pressure today with the most active December Comex contract currently down $8.80 (-0.72%) and fixed at $1,207 20. After gaining over $20 in value on Friday, gold tracked fractionally higher in trading yesterday. However, closing occurred below a key technical resistance level at $1,217 per ounce. Today gold opened right at resistance at $1,217.70 and traded to an int...Read More
(Kitco News) - Gold prices are slightly lower in early-afternoon U.S. trading Tuesday, after hitting a two-week high overnight. Some normal profit-taking from the shorter-term futures traders was featured today, following decent gains the past few sessions that do suggest the yellow metal has put in a near-term market bottom. December gold futures were last down $1.40 an ounce at $1,214.60. Decemb...Read More
(Kitco News) - Gold prices are trading near steady levels in late-morning U.S. dealings Tuesday, and have lost their modest overnight gains. With U.S. stock indexes hitting record highs, investor and trader optimism is running high, and that's putting some downside price pressure on the safe-haven metals markets. December gold was last up $0.40 at $1,216.40. By Jim Wyckoff For Kitco NewsFollow @j...Read More
Editor's Note: The article was updated reflect a drop in prices.(Kitco News) - In delayed reaction, the gold market has been unble to on to modest gains, falling from a two-week high as U.S. consumer confidence surges higher.Tuesday, the U.S. Conference Board, said that is Consumer Confidence Index increased to a reading of 133.4 in August, up from July's revised reading of 127.9 and handily beati...Read More
Gold has edged modestly higher again early Tuesday in response to currency-market movements, and the yellow metal may have more upside in store, assuming the U.S. dollar continues to cooperate, says Lukman Otunuga, research analyst at FXTM. Gold tends to move inversely to the greenback. Shortly before 8:30 a.m. EDT, spot gold was $1 higher at $1,211.80 an ounce. “Gold prices edged to a fresh...Read More
(Kitco News) - Gold prices are firmer and scored a two-week high in early U.S. trading Tuesday. A weaker U.S. dollar index on this day is a bullish element for the precious metals markets. However, with little risk aversion among traders and investors at present, the upside for the safe-haven metals will likely be limited. December gold futures were last up $2.90 an ounce at $1,218.70. December Co...Read More
Gold continue to push higher with the $1,220 level in sight. On Friday we suggested that the bears were at risk and Powell's somewhat dovish stance created a small stampede through a tiny door. With the December rate hike now in question and the September increase fully priced in, the dollar took it on the chin and the move grew in momentum as trade tensions began to soften. The announcement of th...Read More
After months of getting hammered, gold appears to have found the bottom when it hit $1,180 a couple of weeks ago. Gold appears to be building a nice base here and $1,190 looks to be a higher low that should hold, although the new range in gold appears to be $1,180-$1,240. The healthiest move for gold now would be consolidation of a series of double tops and double bottoms, allowing gold to bu...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
The latest news and price moves to start the Asian day on Tuesday August 28.Comex copper prices began the week on a positive note, supported by a weaker dollar and improved fundamental backdrop. Read more in our live futures report.The London Metal Exchange was closed on Monday August 27 due to a bank holiday in the United Kingdom.Mining operations have been suspended at the Tshipi Borwa Mang...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 28. ...Read More
Tin premiums were largely flat across regional spot markets on slow trading activity on Tuesday August 28, with several market participants on holiday, but the premium in Singapore rose for the first time in almost six months....Read More
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 (Nafta) agreement....Read More