Nickel Calls – Nickel BUY Call 771 given at price 930. Triggered SL at price 941.20. Total 11.20 Points SL hit in Nickel tips today771 : Today Nickel Intraday - SELL Nickel at CMP 930.20 for Target 920.20 - 910.20 with SL Above price 941.20AFTER POST CONTENT Read More
Aluminium Tips – Today Aluminium SELL Call 772 given at 155 Triggered SL at price 156. Total 1 points SL hit in Aluminium772 : Today Aluminium Call - SELL Aluminium at CMP 155 for Target 154.10 - 153.60 with SL Above price 156AFTER POST CONTENT Read More
(Kitco News) - Gold prices are moderately up in early-afternoon U.S. trading Thursday, on some bargain hunting in the cash market and on short covering in the futures market. A slightly weaker U.S. dollar index and modestly lower U.S. stock indexes today are also slightly supporting the precious metals markets. June Comex gold futures were last up $7.60 an ounce at $1,313.30. July Comex silver was...Read More
Lead Mcx - SELL Lead at CMP 152.45 for Target 151.55 - 151 with SL Above price 153.45. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Before I lay out to you why gold will hit new highs in the coming years, I want to first thank you and all of my loyal Kitco readers who have followed my daily reports for so many years. I have a lot of irons in the fire, but writing for Kitco, and you, is one of my very favorite daily chores. I hope you continue to follow me in the coming years.If you know me well by having read my...Read More
Today Aluminium Call – SELL Aluminium at CMP 155 for Target 154.10 – 153.60 with SL Above price 156AFTER POST CONTENT Read More
Today Nickel Intraday – SELL Nickel at CMP 930.20 for Target 920.20 – 910.20 with SL Above price 941.20AFTER POST CONTENT Read More
(Kitco News) - The gold market is seeing little reaction to disappointing economic data that shows momentum in the service sector fading, according to the latest report from the Institute for Supply management (ISM).Tuesday, the ISM said its non-manufacturing index showed a reading of 56.8% for April, down from March's reading of 58.8%. The data was weaker than expected as consensus forecasts were...Read More
Gold has rallied on bargain hunting and traders buying to cover, or offset, short positions, says George Gero, managing director with RBC Wealth Management. As of 9:28 a.m. EDT, Comex June gold was $10.20 higher to $1,315.80 an ounce two days after hitting the low for 2018 of $1,302.30. Gero cites a “weaker dollar for now” in the aftermath of a Federal Reserve meeting that wrapped up o...Read More
Teranga Gold Corp. (TSX: TGZ) reports a higher adjusted profit than a year ago as output and prices rose but costs fell. The company lists adjusted earnings of $10.7 million, or 10 cents per share, up from $6.7 million, or 6 cents, a year ago. Net income, however, fell to $3 million, or 3 cents, from $5.6 million, or a nickel. The company produced 64,031 ounces of gold, up 13% from 56,903 in the s...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
(Kitco News) - The Federal Reserve acted in line with our expectations, leaving rates unchanged and suggesting a less hawkish outlook. The wording surrounding the Fed’s inflation target was the focus. The Fed officials’ dialogue suggested that inflation targets were nearing their levels but as long as inflation was around 2% on a “symmetrical” basis, they would continue to...Read More
(Kitco News) - Gold demand is off to a slow start in 2018, as first-quarter results from the World Gold Council (WGC) revealed the lowest level in 10 years.Gold demand dropped 7% year-on-year in the first quarter to 973 tonnes - a level last seen in the first quarter of 2008, the WGC said in its Gold Demand Trends report that was released on Thursday. The WGC blamed poor gold-bar demand as well a...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector accelerated...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector accelerated...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector accelerated...Read More
The latest news and price moves to start the Asian day on Thursday May 3.Base metals on the London Metal Exchange were split at the close of trading on Wednesday May 2, with aluminium and nickel prices climbing more than 2%. Read more in our live futures report.Here are how prices looked at Wednesday's close:The United States has given investors an additional month to divest or transfer their hold...Read More
The latest news and price moves to start the Asian day on Thursday May 3.Base metals on the London Metal Exchange were split at the close of trading on Wednesday May 2, with aluminium and nickel prices climbing more than 2%. Read more in our live futures report.Here are how prices looked at Wednesday's close:The United States has given investors an additional month to divest or transfer their hold...Read More
Base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc breaking below $3,000 per tonne and diving to its lowest point since August 2017. Zinc kept steady early in the day but took a 1.3% drop prior to the close after spending much of the week consolidating around the $3,050-$3,100-per-tonne mark.A delivery of more than 60,000 tonnes was ship...Read More
Nyrstar's earnings before interest, taxes, depreciation, and amortization (Ebitda) for the first quarter of 2018 fell by ?,?3 million ($3.6 billion) or 5.5% year on year to ?,?54 million, the company said on Thursday May 3. Despite benefitting from a 23% increase in zinc prices, after London Metal Exchange prices rallied to a high of $3,259 per tonne, and ramp-up of the Middle Tennessee Mines, Nyr...Read More