(Kitco News) - Gold prices saw a modest rally in early-afternoon U.S. trading Tuesday, as U.S. President Donald Trump announced the U.S. is pulling out of the 2015 agreement with Iran regarding that nation halting its nuclear weapons program. However, prices have pulled back a bit from session highs scored just after Trump started his speech. Still, gold prices are modestly above where they were j...Read More
Today Zinc Intraday – Zinc SELL Call 7e7 given at price 208.60 Achieved 1st Target 207.60. Made 207.50 (12:35pm) Total profit of 1.10 x 2 lot = 2.20 PointsTIPS ID 7e7 : Zinc Call – SELL Zinc at CMP 208.60 for Target 207.60 – 207 with SL Above price 209.7. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Lead Carry Call – SELL Lead at CMP 156.10 for Target 155 – 154 with SL Above price 157.20 RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Zinc Call – SELL Zinc at CMP 208.60 for Target 207.60 – 207 with SL Above price 209.7. RISK taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Warren Buffet, CEO of Berkshire Hathaway, is known for his pernicious views on gold but his latest bout of negativity misses the point of yellow metal’s true investment value, according to some analysts.The Oracle of Omaha made some ripples through the gold market over the weekend as he compared the precious metal to the S&P 500. During his presentation Saturday at the Ber...Read More
Nickel Intraday – SELL Nickel at CMP 942.40 for Target 935 – 931 with SL Above price 950. Trade 2 lotsAFTER POST CONTENT Read More
Gold is under pressure due to an appreciating U.S. dollar, says Lukman Otunuga, research analyst at FXTM. As of 9:09 a.m. EDT, spot metal was down $4 to $1,309.60 an ounce. The loss, despite U.S. President Donald Trump’s planned announcement on the Iran nuclear deal Tuesday afternoon, highlights a lack of buying sentiment at the moment, the analyst says. “There is a suspicion that mark...Read More
Teranga Gold Corp. (TSX: TGZ) announces the first drawdown, under the secured development finance facility with Taurus Funds Management Pty Ltd., for construction of its second mine - the Wahgnion gold project. The facility totals $165 million, and the first drawdown was for $70 million, $15 million of which was used to close out a revolving credit facility with Soci?(C)t?(C) G?(C)n?(C)rale, Teran...Read More
(Kitco News) - Gold bounced off the $1,307 support level but the market sentiment remains on the weak side. The dollar remains bid but traders may be unlikely to be aggressively short gold ahead of President Trump's announcement at 2 p.m. EDT on whether the U.S. will stay in the Iran nuclear deal. The higher oil price is also suggesting that inflation may be creeping back into the economy, which m...Read More
What would be the impact on gold if the U.S. pulls out of the Iran deal? The simple answer is nothing, as gold has not benefitted from the talks, threats and possibilities. Today at 2 p.m. EDT, President Trump will announce to the world his decision, which should be that we are pulling out of the deal with Iran. Throughout the talks, oil has been spiking higher while gold has struggled and sold of...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
The latest news and price moves to start the Asian day on Tuesday May 8.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slight drop in the dollar index. There were no London Metal Exchange prices on Monday due to a bank holiday.The US Midwest aluminium premium was unchanged on May 4, with mark...Read More
The latest news and price moves to start the Asian day on Tuesday May 8.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slight drop in the dollar index. There were no London Metal Exchange prices on Monday due to a bank holiday.The US Midwest aluminium premium was unchanged on May 4, with mark...Read More
The latest news and price moves to start the Asian day on Tuesday May 8.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slight drop in the dollar index. There were no London Metal Exchange prices on Monday due to a bank holiday.The US Midwest aluminium premium was unchanged on May 4, with mark...Read More
Base metals on the London Metal Exchange ended mostly lower at the close of trading on Tuesday May 8, with aluminium and zinc bucking the trend. Tin's three-month price was the most significant downward move in the complex, falling 1.5% and reaching a low of $20,865 per tonne during the afternoon.The drop comes after prices remained firmly above $21,000 per tonne throughout April, largely due to c...Read More
An upcoming European Union/New Zealand free trade agreement (FTA) will benefit the metals industry, New Zealand and European experts have told Metal Bulletin, after a preparatory customs agreement between the partners came into force on May 1. Notably, Europe will gain more access to New Zealand's quality low emission-produced metals as well as metal components, Nick Collins, chief executive of in...Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Tuesday May 8, with broad consolidation in effect across the complex. Aluminium's three-month price continues to trade firmly above $2,300 per tonne, reaching a high of $2,372 per tonne over the morning. Despite the light metal's recent activity typified by spates of volatility and alternating spreads, prices are...Read More
Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More