•  Defies a modest USD weakness/sliding US bond yields and reviving safe-haven demand.   •  Technical selling below 100-hour SMA plays a key role in dragging the metal lower.  Gold extended overnight retracement slide from near one-month tops and continued weakening below the $1300 handle. The latest leg of sharp fall lacked any obvious trigger and c...Read More

One of the takeaways from LME Asia Week 2018 last week in Hong Kong was that changes in trading patterns, against the backdrop of rising algorithmic, computer-driven business, have resulted in a marked drop in average transaction sizes. But does this mean that the electronic platform, LME Select, and "one-lot wonders" are the way forward for metal traders and the industry, and that larger business...Read More

With uncertainty continuing to surround the US' sanctions on Russian producers, specifically Norilsk Nornickel, Lord Copper explores the unpredictability surrounding prices and the parties involved.The drumbeats around Nornickel are getting louder. There is a sense that the sanctions net might be starting to tighten. The Times correspondent in Norilsk has produced a few pieces of general backgroun...Read More

Investing.com – Gold prices fell on Friday as the dollar strengthened.Gold futures for?EUR?August?EUR?delivery on the?EUR?Comex?EUR?division of the New York Mercantile Exchange were?EUR?down $3.6, or 0.28%, to $1,304.70?EUR?a troy ounce by 1:15 PM ET (05:15?EUR?AM GMT).There was some support in gold prices earlier in the day after the European Central Bank (ECB) policy announcement struck a...Read More

If you have been using gold to hedge your stocks portfolio, then you have a problem. The yellow metal is frequently lauded for its ability offset stock market downturns--and in many cases it does. Indeed, examining the behavior of the broad-market S&P 500 and gold over 60 trading sessions in the month of February would have made you a staunch believer in the myth because the pair had a correla...Read More

Gold trades above $1,300, having clocked one-month high of $1,309 yesterday. Technical charts show false breakout. Currently, gold is trading at $1,302, having failed to capitalize on the bullish breakout. The zero-yielding yellow metal rose to $1,309 yesterday - the highest level since May 15, signaling a bullish pennant breakout. However, the optimism was short-lived as prices fell back to $1,...Read More

Gold futures gained Thursday, scoring the highest finish in a month for a most-active contract in the wake of monetary policy decisions by the European Central Bank and U.S. Federal Reserve. The leading dollar index, which typically moves inversely to gold, also gained, after spending the early part of the day in the red. Forex investors assessed the European Central Bank's plan to end in December...Read More

The latest metal news and price moves to start the North American day on Friday June 15.Base metals prices on the London Metal Exchange were mostly lower again during morning trading despite nickel recouping some of its losses.Here's how three-month LME base metals prices...Read More

Three-month base metals prices on the London Metal Exchange were for the most part lower on the morning of Friday June 15, led by a 0.6% fall in zinc prices to $3,161 per tonne.While nickel gained 0.3%, the rest are off between 0.1% and 0.2%. Copper prices were recently quoted at $7,153 per tonne.Volumes have been average with 5,356 lots traded as of 0707 London time. This follows a day of we...Read More

Base metals prices on the London Metal Exchange were mostly lower again during morning trading on Friday June 15, despite nickel recouping some of its losses.Base metals prices on the London Metal Exchange were mostly lower again during morning trading on Friday June 15, despite nickel recouping some of its losses.After falling over $300 per tonne on Thursday, nickel is the only base metal to be t...Read More

By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department, setting up a test for whether Washington is willing to give Western firms more wiggle room in dealing with sanctioned counterparts. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after sanct...Read More

By Ira Iosebashvili Gold prices fell to their lowest level since late last year Friday and copper prices declined as investors reacted to U.S. tariffs on China and a selloff in oil. Gold for August delivery was recently down 2.2% at $1,280.20 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest level since late December. Copper for July delivery fell 2.6% to $3.138...Read More

By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department, setting up a test for whether Washington is willing to give Western firms more wiggle room dealing with sanctioned counterparts. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after sanction...Read More

By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department, resolving a thorny legal dispute that threatened to disrupt its operations. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after sanctions were imposed for alleged corruption in the Democrat...Read More

By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department for alleged corruption in the Democratic Republic of Congo, resolving a thorny legal dispute that threatened to disrupt its operations. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after th...Read More

By Oliver Griffin Glencore PLC (GLEN.LN) said Friday that it has settled a dispute between its Mutanda Mining Sarl and Kamoto Copper Company SA subsidiaries and companies affiliated with mining magnate Dan Gertler in Congo. In April, Mutanda and KCC were served with freezing orders in Congo for $695 million and $2.28 billion respectively, relating to royalties payments. Gertler-affiliate company...Read More

Big mining blastedMining and metals investors were offloading the sector's big names on Friday over fears of the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand and two-thirds of the world's seaborne trade in steelmaking raw materials.Copper fell nearly 3% to $3.13 a pound or $6,900 a tonne, pushing the bellwether metal back...Read More

(Bloomberg) - A settlement between a Glencore Plc unit and Democratic Republic of Congo's state-owned Gecamines will contribute billions of dollars of revenue to the government over the next decade, an official said.Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co., which is set to become Congo's largest copper and cobalt mine. Gecamines had sought to...Read More

When the U.S. imposes sanctions on an individual, western multinationals are quick to fall into line. So if a London-listed company decides that - on reflection - they'll circumvent the ban by paying the person using a different currency, you can bet there's something interesting going on behind the scenes.The question is: What?Glencore Plc's announcement on Friday that its Democratic Republic o...Read More

Glencore will resume payments to its long-time partner in the DRC, Israeli billionaire Dan Gertler, pictured here. (Image: Bloomberg Markets via YouTube.)Miner and commodities trader Glencore (LON:GLEN) has settled a potentially damaging legal row with former business partner in Democratic Republic of Congo, Dan Gertler, by agreeing to pay royalties he is owed from copper and cobalt mines.The Swi...Read More