As USD slide continues, gold extends gains. XAU/USD up 1.35%, having best day since February 14. Gold continued to rise during the American session and hit fresh weekly highs. The value of the ounce approached $1340 supported by a slide of the US dollar and risk appetite. The price peaked at $1338.55, the highest level since February 26. It was holding near the top with a stron...Read More
A great trading market in 2017, and so far in 2018, and the equities are more volatile than the bullion.Leveraged ETN products are intraday trading products.NUGT and JNUG for the rallies.DUST and JDST for the dips.Use the profits to load up on bullion.Gold and the dollar have been like frick and frack over recent months as the prices of the currency and the metal have been moving in opposite direc...Read More
Global risk escalates once again as geopolitical concerns reemerge.The threat of a global trade war could derail the positive global growth outlook for 2018.The outcome of the Italian elections will create renewed policy tension between Rome and Brussels.Gold and gold equities continue to play a vital part of any portfolio, serving as a form of portfolio insurance.Downside risks to gold from risin...Read More
Bitcoin is often compared to gold, and for good reason.Gold and Bitcoin share many similar properties, but where gold lacks, Bitcoin seems to excel.Wait, that's not all, there's more good news.If Bitcoin becomes the "new gold" its price could go a lot higher.Source: CoinSpeaker.com Bitcoin: The New Gold Bitcoin (COIN), (OTCQX:GBTC) is often compared to gold, some people even refe...Read More
• Renewed USD weakness helps regain positive traction. • Risk-on mood fails to stall the bullish momentum. Gold continued gaining positive traction through the early NA session and is currently placed at fresh multi-day tops, in the $1330 region. After yesterday's brief pause, the precious metal built on last week's recovery move from two-mont...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of thevotes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement Triumphs We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was an 82-82-126 draw. The TSX Venture Exchange gained four points to 843 while rough diamond prices inched higher. Matt Manson's Stornoway Diamond Corp. (SWY), $1.34 in the fall of 2016...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $14.40 to $1,334.20 on Tuesday. The TSX Venture Exchange gained 4.38 points to 843.57 while the TSX Gold Index rose 2.08 points to 185.84. McEwen Mining Inc. (MUX) helped lead Canadian gold miners higher today...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 4.38 points to 843.57 Tuesday. Valery Vavilov's Hut 8 Mining Corp. (HUT) has completed its qualifying transaction, opening at $4.70 and closing at $4 on 2.78 million shares. It went public through Richar...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellNew York prosecutors say that they will not be seeking the eight to 10 years in jail that sentencing guidelines specify for Kenneth Wise, a "highly malleable" 77-year-old man who participated in an $11-million manipulation run by Vancouver-linked frau...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a positive 92-84-114. The TSX Venture Exchange gained 13 points to 839 while rough diamond prices were flat. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) poked above the 20...Read More
Investing.com - Gold prices edged higher on Tuesday, as sentiment on the greenback remained vulnerable amid uncertainty surrounding U.S. tariffs on steel and aluminum imports as well as elections in Italy.Comex gold futures were up 0.20% at $1,322.5 a troy ounce by 02:40 a.m. ET (06:40 GMT).Investors were cautious as U.S. President Donald Trump faced growing pressure to pull back from proposed ste...Read More
Some flat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week despite the strong demand in the UAE, sources told Metal Bulletin on Tuesday March 6.UAEHot-rolled coil (HRC) was being offered to the UAE at $640-650 per tonne cfr from China while a buyer was bidding $610-620 per tonne cfr.No price was heard from India this week.About 2,000 tonnes of HRC was booked fro...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery gained $1.32 to $62.57 on the New York Merc, while Brent for May gained $1.17 to $65.54 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.30 to WTI ($...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold lost $2.80 to $1,319.80 on Monday. The TSX Venture Exchange gained 13.17 points to 839.19 while the TSX Gold Index rose 2.35 points to 183.76. Eldorado Gold Corp. (ELD), above $10 two years ago but just $1.35 last we...Read More
Cobalt prices rose closer to $40 per lb on Friday March 2 when suppliers raised their offers again, confident that buyers will soon have to book at higher levels on bullish expectations for electric vehicle batteries and good demand from the super-alloys sector.Metal Bulletin's benchmark low-grade cobalt price climbed to $38.80-39.85 per lb from $38.75-39.70 per lb on Wednesday February 28, while...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange climbed 13.17 points to 839.19 Monday. Thomas O'Neill's first capital pool shell, Nubeva Technologies Ltd. (NBVA), has completed its qualifying transaction and will begin trading this week. Mr. O'Neill listed t...Read More
Spain's Atlantic Copper will be looking to maximize output at its Huelva smelter even as it expects the copper concentrates market to tighten further, the company's chief executive officer (CEO) Javier Targhetta told Metal Bulletin in an interview.Atlantic Copper, which is the third largest copper smelter in Europe and acts as a key outlet for copper concentrate units from mines within its owner F...Read More
The latest news and price moves to start the Asian day on Wednesday March 7.The three-month copper contract on the London Metal Exchange rebounded to more than $7,000 per tonne for the first time this month at the 5pm close on Tuesday March 6, with the metal undergoing a short-covering rally. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex cop...Read More
A summary of base metals premiums across the globe for the week to Tuesday March 6.Read More