Base Metal Stocks Articles

A One-Two Combination Knocks Gold Dramatically Lower

Feb 20 2018 5:49PM / Kitco Commentary

Gold traded dramatically lower as a direct result of both selling pressure and a stronger U.S. dollar, which began after the conclusion of the three-day holiday yesterday. As of 2:30 PM Eastern standard time, April gold futures are currently down $23.20 (-1.72%) and fixed at $1,333 per ounce. The price decline began modestly as trading resumed on Monday and accelerated into trading overseas last n...Read More

Gold Price Should Be At $1,500 By Year End - Incrementum AG

Feb 20 2018 1:46PM / Kitco News

(Kitco News) - Gold investors are taking profits Tuesday, as the U.S. dollar found some traction, bouncing off fresh three year lows, but one fund manager says that gold will be the asset to own in 2018 as the risk of stagflation in the U.S. economy rise.In a recent interview with Kitco News, Ronald-Peter Stoeferle, fund manager at Incrementum AG and author of the annual In Gold We Trust report, s...Read More

Gold Hit Hard By Heavy Profit Taking, But No Chart Damage

Feb 20 2018 1:37PM / Kitco News

(Kitco News) - Gold prices ended the U.S. day session sharply down and near the daily low Tuesday. Heavy profit-taking pressure from recent gains and a solid daily rally in the U.S. dollar index hit the gold and silver markets today. Higher world government bond yields also worked against the precious metals market bulls today. April Comex gold futures were last down $24.30 an ounce at $1,331.90....Read More

Get Some Gold As Volatility Is Here To Stay - State Street Global Advisors

Feb 20 2018 12:59PM / Kitco News

(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

WEEKLY BASE METAL PREMIUMS REPORT: 20/02

February 20, 2018 / Metal Bulletin Editorial

A summary of base metals premiums across the globe for the week to Tuesday February 20.Read More

LIVE FUTURES REPORT 20/02: LME lead price charges up; most base metals dip lower

February 20, 2018 / Alice Mason

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

Brazilian aluminium premiums rise on soaring Midwest market following Section 232 recommendations

February 20, 2018 / Danielle Assalve

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

GLOBAL CHROME WRAP: Charge chrome prices edge up while rest of Chinese market holds steady

February 20, 2018 / Janie Davies

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