Chinese cobalt sulfate prices continued to edge lower, although the pace of has declined slowed as spot prices have fallen to below production costs. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.Check Metal Bulletin's live futures report here.LME snapshot at 0137 London timeLatest 3M LME Prices Price ($/t) Change since yesterday's close ($)Copper6,171.50-1.5Aluminium2,130.5024.5Lead2,1402.5Zinc2,597-15Tin19515115Nickel13,950-100SHFE snapshot at 0937 S...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Metal Bulletin....Read More
Import prices for stainless steel in East Asia kept largely steady over the past week, amid stable domestic demand in China and tepid regional demand....Read More
China's domestic stainless steel prices were unchanged over the past week amid weak demand....Read More
CIS export billet prices softened somewhat on Thursday August 9 with a lack of supporting factors in the market, Metal Bulletin has heard....Read More
Gold is trading modestly higher today, with the most active December’s futures contract currently trading up $3.20 and fixed at $1221.50. Today’s net gain is a direct result of fractional buying as well as a modestly lower U.S. dollar.This can be best illustrated when looking at physical gold, which is currently fixed at $1213.20. Today’s net gain of $2.70 can be divided with alm...Read More
(Kitco News) - Iamgold Corp. (TSX: IMG; NYSE: IAG) reported a higher adjusted profit in the second quarter Wednesday, with revenue rising on higher gold prices even though sales dipped slightly.Excluding special items, adjusted net earnings were put at $13.1 million, or 3 cents share, up from $4.3 million, or a penny, in the same quarter a year ago.The company listed a net loss of $26.2 million, o...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
WASHINGTON (Reuters) - The Trump administration moved on Wednesday to drastically shrink a government agency tasked with identifying looming financial risks, notifying around 40 staff members they would be laid off, according to a person familiar with the changes.The employees at the Office of Financial Research (OFR) were told on Wednesday they will lose their jobs as part of a broader reorganiza...Read More
(Kitco News) - Gold and silver prices are near steady but have traded on both sides of unchanged in uninspired action Wednesday. The precious metals traders are looking for a dose of new fundamental information to provide a spark to the markets. With much of Europe on holiday and many traders in the U.S. taking family vacations, trading action has been constrained. December gold futures were last...Read More
Standard Chartered looks for gold-price action to remain “subdued” in August but recover next month. “August is a seasonally slow period for demand, and we believe it is likely that gold prices will recover after the September FOMC [Federal Open Market Committee] meeting, when we think the Fed will hike for a third time this year, and seasonal demand starts to materialize,”...Read More
(Kitco News) - Yamana Gold Inc. (TSX: YRI; NYSE: AUY) announced changes in its top leadership Wednesday, with Daniel Racine promoted to president and chief executive officer, while company founder Peter Marrone leaves his job as CEO to assume a newly created role of executive chairman. Racine is currently chief operating officer. Peter Marrone Daniel Racine Marrone will serve as a liaison b...Read More
SEMAFO Inc. (TSX, OMX: SMF) reports an adjusted net loss in the second quarter of $6.3 million, or 2 cents per share, compared to adjusted net loss of $2.9 million, or a penny, for the same period in 2017. Gold production of 45,700 ounces dipped from 47,600 ounces a year ago. The number of tonnes processed decreased by 6% due to the hardness of the ore, SEMAFO says, thus the amount of gold produce...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
(Kitco News) - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), which bills itself as the newest senior gold producer after opening its Fekola Mine in Mali last year, late Tuesday reported a big jump in its second-quarter adjusted profit on sharply higher output.B2Gold announced an adjusted net profit of $46 million, or a nickel per share, compared to $13 million, or a penny, in the prior-ye...Read More
In the world of investing, there are bullish and bearish traders and investors. With gold, there are the believers that it is a safety play, hedge against an equity downturn and protection against fiat currency. Gold brings out strong emotions, and you are either a gold bug on a non-believer in what the metal is. In either case, gold has been a dud for months, and that does not appear to be changi...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More