(Kitco News) - The days of holding on to equities and expecting double-digit returns are gone and one gold market analyst says that the recent correction in equities is a wakeup call that investors need to have a more diversified portfolio.In an interview with Kitco News, George Milling-Stanley, head of gold strategy for State Street Global Advisors, said that volatility is creeping back into equi...Read More
A summary of base metals premiums across the globe for the week to Tuesday February 20.Read More
Base metals prices trading on the London Metal Exchange were largely lower at the 5pm close on Tuesday February 20, except for lead and nickel which saw upticks at the end of the day. The three-month lead price closed $23 higher as it looked to break back above the $2,600 per tonne support level. "The outlook for lead remains upbeat; concentrate availability remains tight and firm premiums signal...Read More
Brazil aluminium premiums, especially for metal sold domestically, are facing increased upward pressure in the spot market due to soaring US Midwest premiums, with the industry preparing for potential heavy sanctions on imports into the United States. Following the release of the US Commerce Department's recommendations, which included a series of tariffs and/or quotas in addition to existing duti...Read More
Charge chrome import prices in China moved higher, South African producers raised their offers following the appreciation of the rand and prices weakened both in Europe and the United States. Charge chrome import prices edge higherOre and domestic alloy prices unchanged in ChinaPrices increase in Japan, hold in South KoreaAlloy prices dip in Europe and US Charge chrome prices edged up in China on...Read More
Rebound...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Su...Read More
LME price surged following the release...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Wal-Mart dropped $6.39 to $98.39 after reporting slightly lower than consensus fourth quarter earnings. The company also lowered guidance. Home Depot added $4.03 to $191.00 after reporting higher than consensus fourth quarter results. Rite Aid jumped $0.48 to $2.63 on news that Albertso...Read More
Aluminium The aluminium price has had a solid rebound since...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downloa...Read More
Short-covering rally on friendly macro factors ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
Prices rebound Lead prices spent...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Cautious sellers, eager buyers A strong rebound...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Laggard last week for a change ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Zinc prices extended to fresh 10-year...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
The metals prices on the London Metal Exchange are mixed this morning, Tuesday February 20, with aluminium and tin prices firmer by 0.2% and 0.7% respectively, while the rest are lower by an average of 0.7%. Copper prices are down 0.6% at $7,094 per tonne. Needless to say, with China still on holiday volumes have been light with 1,625 lots traded as of 06:57 am London time. This follows a mixed pe...Read More
Charge chrome import prices in China moved higher, South African producers raised their offers following the appreciation of the rand and prices weakened both in Europe and the United States. Charge chrome import prices edge higherOre and domestic alloy prices unchanged in ChinaPrices increase in Japan, hold in South KoreaAlloy prices dip in Europe and US Charge chrome prices edged up in China on...Read More
The Section 232 report announced by the US Commerce Secretary Wilbur Ross is expected to hit prices in Turkish steel and scrap markets if approved, according to market participants.US Commerce Secretary Wilbur Ross said President Donald Trump and his administration are considering massive across-the-board tariffs and restrictive quotas following the department's Section 232 investigation into stee...Read More
The steel mills in Turkey continued their deep-sea scrap purchases on Tuesday February 20 but at a slow pace, Metal Bulletin was told.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) and 5,000 tonnes of rail at an average price of $355 per tonne cfr.The cargo was scheduled to be shipped by the second half of March, sources said.As a r...Read More