NEW YORK (Reuters) - The dollar index continued to rebound from prior-day losses on Friday after U.S. government bond yields rose on news that the Federal Reserve's preferred inflation measure showed prices continuing to rise faster than its 2% target.The euro, which has a heavy weighting in the dollar index, plunged 1.05% against the greenback - the most since at least June.The euro's drop helped...Read More

ROME (Reuters) - The IMF is narrowing its push for debt-for-climate swaps to focus on countries without major debt issues and has dropped plans to release a joint proposal with the World Bank before next week's UN climate conference, according to sources familiar with the matter.In April, International Monetary Fund (IMF) chief Kristalina Georgieva said green debt swaps could spur accelerated acti...Read More

LONDON, Oct 29 (Reuters) - The euro's losses deepened on Friday, retracing nearly half of its gains in the previous session, as euro zone inflation shot past expectations this month to equal its all-time high, creating a policy dilemma for the European Central Bank.The single currency which has broadly struggled against its rivals on Friday, slipped to more than one-year lows against the Swiss fra...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Glencore (GLEN:LSE) upgraded its profit forecast for the currentyear and said it expects underlying profit (adjusted EBIT) to exceed itsUS$2.2bn-US$3.2bn a year long-term guidance range. The firm said...Read More

Adam HamiltonArchivesOct 29, 2021The gold miners' stocks are recovering after a rough summer, where they were sucked into heavy gold-futures selling on Fed-tightening fears. That scuttled their normal autumn rally, leaving this sector way behind year-to-date. But now gold stocks' strongest seasonal rally is getting underway, the winter one. That should provide a nice tailwind accelerating this sec...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar are higherin early U.S. trading Friday. Bulls are keeping alive a price uptrend in placeon the daily bar chart. They have to defend this week's low, as a drop belowthat key chart su...Read More

Nomad will make up-front cash payments of $95 million for 5.938% of gold production attributed to Orion's 40% interest in the mine until 120,333 ounces have been delivered, and 3.958% thereafter.Read More

ROME, Oct 29 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she still sees inflation as a temporary result of severe supply chain bottlenecks, and expects price increases to normalize during 2022 as people get back to work and demand shifts back to services."As demand shifts back to services and supply has a chance to adjust, I believe that price increases will normalize and we'll...Read More

Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday October 29.China The price of ferro-silicon in China continued to narrow downward following deceasing futures, with many market participants taking a wait-and-see attitude. Even though the overall power supply situation is not as tight as before, the spot price remains supported...Read More

Finally,November is here, and the initial setup for the first week will be challenging,especially for the Gold market. We expect the Federal Reserve to acknowledgethe effectiveness of the QE program since the pandemic started, and with Covidcases declining, there will now be a need to taper. They will reduce assetpurchases by $15 billion each month, effectively taking it to zero by June,when their...Read More

A summary of production figures and financial results for Chilean state-owned copper producer Codelco in the first nine months of 2021, as stated in its earnings report released on Friday October 29.In brief Higher copper content in mined ore in the year to date offset a strike at the Andina division from August through September, boosting overall copper production in the first nine months of 2021...Read More

Copper smelters returned to the spot market this week with treatment and refining charges (TC/RC) relatively stable.For smelter purchases, clean tonnages for shipment in the fourth quarter and in January were seen with TCs in the low $60s. One extra clean cargo sold in the high $50s, while a lower-grade cargo of...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Cameco (TSX: CCO; NYSE: CCJ) said today it had a net loss of$72 million in Q3. The Canadian uranium giant said it has a strong balancesheet. As of September 30, 2021, it had $1.4 billion in cash and sho...Read More

NEW YORK, Oct 29 (Reuters) - The U.S. Treasury Department is expected to reduce the size of its upcoming auctions when it announces its funding plan for the coming quarter on Monday, the first step in lowering debt supply as the federal government moves past its emergency-level response to the coronavirus pandemic.The move, which is well anticipated on Wall Street, will likely total an $800 billio...Read More

The price of silicon in China has dropped several times over recent weeks, after setting a then-record price of $9,000-10,000 per tonne on September 24. Downstream demand then fell through October, clouding market confidence, and offer prices went lower and lower.Fastmarkets' weekly price assessment for silicon, export, 98.5% Si min, fob China, dropped to $5,000-5,500 per tonne on Friday October 2...Read More

Silicon prices in the United States reached a new all-time high on Thursday October 28, making the price for US material - which has almost tripled in seven weeks - now the most expensive in the world. The US price for standard grade silicon (5-5-3) surpassed that in Europe, which had been the most expensive region prior to Fastmarkets' assessment there on Friday October 29.Fastmarkets assessed th...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Rio Tinto announced yesterdaythat its entire 2021 Once in a Blue Moon Tender collection of 41 lots ofcarefully curated Argyle blue and violet diamonds, has been won by a singlebidder, the Hong Kong fanc...Read More

Copper smelters returned to the spot market this week with treatment and refining charges (TC/RC) relatively stable.For smelter purchases, clean tonnages for shipment in the fourth quarter and in January were seen with TCs in the low $60s. One extra clean cargo sold in the high $50s, while a lower-grade cargo of...Read More

ROME, Oct 29 (Reuters) - Finance and health ministers from the world's 20 biggest economies (G20) said on Friday they would take steps to ensure 70% of the world's population is vaccinated against COVID-19 by mid-2022 and created a task force to fight future pandemics.They could not reach agreement on a separate financing facility proposed by the United States and Indonesia, but said the task forc...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Yesterday, African Gold Group(TSX-V: AGG) announced that the Ministry of Environmental and SustainableDevelopment of the Republic of Mali has approved the Environmental and SocialImpact Assessment ("ESI...Read More