Mcx Aluminium Trading Tips – BUY Aluminium Jul at CMP 141.30 for Target 142.20 – 142.80 with SL below price 140.50 Read More
Mcx Copper Tips – BUY Copper Aug at CMP 428 for Target 429.90 – 430.80 with SL below price 425.90 Read More
Today LME Inventory Report : 27/07/2018Aluminium : – 7575 MTCopper : + 1575 MTLead : + 475 MTNickel : – 1830 MTTin : – 55 MTZinc : – 2625 MT Read More
(Kitco News) - While gold continues to hover at the bottom end of its range near its recent 12-month lows, optimism is growing in the marketplace as there are signs that the selling pressure is starting to wane.While gold is preparing to see its third week of consecutive losses, the market was not hit with a new wave of selling after U.S. economic data showed the economy expanding by 4.1% in the s...Read More
(Kitco News) - Gold prices have moved to slightly higher levels and are at their daily highs in midday trading Friday. The U.S. dollar index has moved modestly lower and is trading near its daily low, which has prompted a bit of buying interest in the gold and silver markets--most of which is short covering by the futures traders heading into the weekend. August gold was last up $1.00 an ounce at...Read More
Mcx Zinc Tips Today – BUY Zinc Jun at CMP 179 for Target 180 – 180.50 with SL belwo price 178 Read More
(Kitco News) - Wall Street and Main Street alike are nearly evenly split on whether gold pricess have bottomed and will rise in the next week, based on the weekly Kitco News gold survey.Seventeen market professionals took part in the Wall Street survey. Seven respondents, or 41%, called for higher prices, while six, or 35%, said lower. Four respondents, or 25%, predicted a sideways market.Meanwhil...Read More
On July 19th, while gold was selling down toward the $1200 region, President Trump publicly criticized the Federal Reserve’s current policy to continue raising interest rates. Gold immediately rose $10, while the over-bought U.S. dollar made an intra-day reversal from its highest point reached since a strong move higher began in mid-April. Trump’s remarks, in an interview with CNBC, we...Read More
Standard Chartered says gold may ease some more in the near term during a “seasonal lull” but then rise in September. Factors that could push gold down some more in the near term include a seasonally slow period for physical demand, bearish investment sentiment as reflected by recent interest in shorting SPDR Gold Shares, and an estimated 200 tonnes of ETF positions that are now in the...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) - Gold is struggling to hold on to the support line around $1,220. Yesterday the ECB indicated that stimulus measures would remain in place through at least mid-2019. With the U.S. 10-year bond flirting with the 3% yield level, traders bought the dollar, which created selling in the metals complex. Today's second-quarter U.S. GDP numbers will be in focus. The market expects a robust n...Read More
Gold appears to be experiencing Groundhog Day every day. Like the movie with Bill Murray, gold seems to be repeating the same action day after day. Sellers meet every rally, and even when the rally appears strong, the sellers are ready. Many are still calling the bottom in gold, which only indicates that there is room to the downside. The groundhog may or may not see his shadow but as it looks now...Read More
The latest news and price moves to start the Asian day on Friday July 27.Base metals prices on the London Metal Exchange were marginally higher at the close of trading on Thursday July 26, bolstered by an easing in trade tensions after the United States and European Union agreed to negotiate tariffs on industrial goods. Read more in our live futures report.Here are how prices looked at the cl...Read More
The latest news and price moves to start the Asian day on Friday July 27.Base metals prices on the London Metal Exchange were marginally higher at the close of trading on Thursday July 26, bolstered by an easing in trade tensions after the United States and European Union agreed to negotiate tariffs on industrial goods. Read more in our live futures report.Here are how prices looked at the cl...Read More
Base metals on the London Metal Exchange ended the week mostly higher by the close of trading on Friday July 27, propped up by a marginal dip in the US dollar index while broad LME inventory drawdowns push prices higher. ...Read More
Comex copper prices ticked higher in the final session of the week on Friday July 27 morning in the US, amid a softer dollar and easing trade concerns....Read More
Teck Resources has sold formerly prohibited zinc concentrates from its Red Dog mine into China, a move that could lead to a more liquid global spot market for the commodity....Read More
Key data from the pricing session ending July 27....Read More
Domestic spot prices for battery-grade lithium carbonate in China have gone down week-on-week, with most producers lowering their prices to secure sales amid persistently low demand....Read More
Teck Resources has sold formerly prohibited zinc concentrates from its Red Dog mine into China, a move that could lead to a more liquid global spot market for the commodity....Read More