LONDON, 19 May 2021 - Comment from BullionVault features today in a report on the gold-price rally from Yahoo Finance, the investment pages of the global internet portal."Whatever role crypto might play today or in future," says BullionVault director of research Adrian Ash, "it can't replace gold as a diversification tool for savers and investors wanting to cut their overall portfolio risk."Read t...Read More
LONDON, 18 May 2021 - Data and comment from BullionVault features today at popular German personal finance website Cash-Online."With the pandemic finally beginning to recede in Europe, inflation is now becoming a major concern for many investors," the report quotes BullionVault analysis."The record government deficits and unprecedented monetary stimulus could be a recipe for a sharp rise in the co...Read More
LONDON, 6 May 2021 - Professional investor magazine Fonds Professionell today quotes BullionVault data and analysis in a report on the changing demand for gold."Data from the global trading company Bullionvault shows interest in buying gold among Western private investors fell in April to its lowest level since the beginning of the corona crisis," says the specialist magazine.You can read the full...Read More
LONDON, 14 April 2021 - Investment ratings and news-service Morningstar today features analysis from BullionVault in a report on volatility in the gold price. Gold "continues to build a base below $1750," says the report, quoting BullionVault director of research Adrian Ash."[But] we could be stuck going sideways here for as long as the base-effect of last spring's Covid crash in commodity pric...Read More
LONDON, 6 April 2021 - Comment on the latest gold-price moves from BullionVault's Adrian Ash, director of research, features in the latest update from MarketWatch, the financial news and views site."Gold has been struggling to compete for attention," says Adrian, and "we haven't seen any meaningful bargain hunting to date.Get the full story, including the latest BullionVault trading data, at Marke...Read More
Powell admits that inflation is well above the Fed’s target, but he still considers it transitory. Gold increased in response – only to fall again.Last week, Powell testified before Congress. On the one hand, Powell admitted in a way that inflation had reached a level higher than expected and is above the level accepted by the Fed in the longer run:Inflation has increased notably and w...Read More
LONDON, 30 March 2021 - Analysis from BullionVault of gold prices around the long Easter weekend today features at German investment magazine Fonds Professionell.The report reviews how seasonal patterns in gold prices have changed in recent years, Ist der Osterhase ein Gold-Investor? Read More
Since the origin of the Federal Reserve in 1913 the US dollar has lost ninety-nine percent of its purchasing power.Not coincidentally, but in direct reflection of the dollar’s loss in purchasing power, the price of gold has multiplied one hundred fold from $20.67 oz to $2060 oz as of August 2020. The chart (source) below shows the ever-increasing price of gold over the past century…...Read More
The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.China kicked off nationwide carbon trading on July 16, with mostly thermal coal-fired power plants participating on the first day. Companies can buy carbon emission quotas from the market, while those with lower emissions...Read More
Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,000-20,100 ($2,939-3,109) per tonne, up by 1,000-1,300 yuan per tonne from a week earlierPrices have risen to their hi...Read More
Several steelmakers in China stopped issuing export offers this week, while others sharply increased their offer prices to overseas buyers, suggesting that the Chinese government's desire to see production cuts is starting to have an impact.Steel mills, including Shandong Iron & Steel and Yingkou Medium Plate Co, have issued no export offers this week, with limited availability forcing them to pri...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.Production of steel will be halted for at least two weeks in the key Bangladesh market when the country's latest Covid-19-related lockdown starts on Friday July 23, sources have told Fastmarkets.Read More
Fastmarkets is inviting feedback from the industry on the pricing methodology for MB-AL-0005 aluminium pressure diecasting ingot DIN226/A380, delivered Europe, and MB-AL-0040 aluminum alloy A380.1, delivered Midwest, as part of a methodology review process to meet the International Organization of Securities Commissions (IOSCO) principles.This consultation, which is open until August 18, seeks to...Read More
Base metals prices were up across the board at the 5pm close of trading on the London Metal Exchange on Thursday July 22, with the market appearing to calm down after a recent period of choppy trading."Two positive macro dynamics were at work this morning, and have provided the LME base metals with much-needed support," Fastmarkets analyst Andy Farida said on Thursday."The US Dollar Index has star...Read More
Freeport McMoRan's subsidiary PT-Freeport Indonesia (PT-FI) is advancing agreements to expand its Gresik copper smelter and refinery by 30% and plans to up its stake in PT Smelting to a majority interest, the company said. The expansion is targeted for completion by the end of 2023 and will see annual capacity at PT Smelting - in which PT-FI currently has a 39.5% stake - increase by 300,000 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.Production of steel will be halted for at least two weeks in the key Bangladesh market when the country's latest Covid-19-related lockdown starts on Friday July 23, sources have told Fastmarkets.Read More
The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.China kicked off nationwide carbon trading on July 16, with mostly thermal coal-fired power plants participating on the first day. Companies can buy carbon emission quotas from the market, while those with lower emissions...Read More
Base metals prices were up across the board at the 5pm close of trading on the London Metal Exchange on Thursday July 22, with the market appearing to calm down after a recent period of choppy trading."Two positive macro dynamics were at work this morning, and have provided the LME base metals with much-needed support," Fastmarkets analyst Andy Farida said on Thursday."The US Dollar Index has star...Read More
Iron ore prices fell on Thursday July 22 amid a weak short-term demand outlook, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $202.63 per tonne, down $12.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $204.62 per tonne, down $11.55 per tonne58% Fe fines high-grade premium, cfr Qingdao: $166.88 per tonne, down $9.56 per tonne65% Fe Brazil-origin fines, cfr Qin...Read More
China's domestic hot-rolled coil prices edged lower on Thursday July 22 after market participants reacted to Beijing's latest efforts to stabilize commodity prices.DomesticEastern China (Shanghai): 5,800-5,900 yuan ($897-912) per tonne, widening by 20-60 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange touched an intraday low of 5,802 yuan per tonne in early afternoon tr...Read More