Last night, gold prices traded lower overseas. Moving to a two-week low Monday morning in European trading, gold dropped to $1,307.50. Concerns about the outcome of this month’s FOMC meeting, which begins tomorrow and concludes on Wednesday, was a significant contributing factor to the selloff.The nervousness behind the lower pricing in gold was primarily based on the belief that the Fed wil...Read More

(IDEX Online) - The De Beers Group has signed a non-binding Memorandum of Understanding (MoU) with its partner in the Gahcho Ku?(C) mine, Mountain Province Diamonds Inc. (Mountain Province) over incorporating properties owned by Kennady Diamonds Inc. into the Gahcho Ku?(C) joint venture.   The agreement sees the deal going ahead in the event that Mountain Province's proposed acquisition of Ke...Read More

SHANGHAI, Mar 19 (SMM) – Nonferrous metals remained weak today but inched up as the market closed. SHFE copper fell 1%, lead and nickel dipped nearly 1%, and zinc edged down. Aluminium remained flat while tin inched up.The ferrous complex fell across the board as iron ore led the slump and closed 4.5% lower. Coke and rebar lost over 2%, hot-rolled coil fell 1.5%, and coking coal ed...Read More

SHANGHAI, Mar 19 (SMM) – Nonferrous metals remained weak today but inched up as the market closed. SHFE copper fell 1%, lead and nickel dipped nearly 1%, and zinc edged down. Aluminium remained flat while tin inched up.The ferrous complex fell across the board as iron ore led the slump and closed 4.5% lower. Coke and rebar lost over 2%, hot-rolled coil fell 1.5%, and coking coal ed...Read More

SHANGHAI, Mar 19 (SMM) – Nonferrous metals remained weak today but inched up as the market closed. SHFE copper fell 1%, lead and nickel dipped nearly 1%, and zinc edged down. Aluminium remained flat while tin inched up.The ferrous complex fell across the board as iron ore led the slump and closed 4.5% lower. Coke and rebar lost over 2%, hot-rolled coil fell 1.5%, and coking coal ed...Read More

NEW YORK (Reuters) - The euro rose on Monday after a Reuters report that European Central Bank officials were shifting their debate from bond purchases to the expected path of interest rates, reviving bets that the ECB may raise rates sooner than previously thought.Sterling pushed to its highest against the euro in more than five weeks and against the dollar in more than a month, as Britain and th...Read More

(Kitco News) - Gold prices were moderately higher in early-afternoon trading Monday, boosted by a drop in the U.S. dollar index and the U.S. stock market. Gold had seen modest losses in overnight trading, based on some technical selling. April Comex gold futures were last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043 at $16.315 an ounce.World stock markets were mostly lower Mo...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Facebook dropped $6.49 to $178.60 on concerns about access to shared user data. Dana (DAN $26.41) is expected to open higher after the company raised its revenue guidance. Dr. Pepper Snapple (DPS $117.60) is expected to open higher after RBC Capital upgraded the stock to Outperform from...Read More

Caspian Sunrise PLC (LON:CASP) saw its shares fall 24% in late afternoon trading to 10p after an operational update revealed unsuccessful attempts to clear well obstructions and adverse weather conditions delaying production.The company said attempts to clear an obstruction at its Deep Well A5 in the BNG Contract Area had been unsuccessful and the company was now seeking to acquire a permit for co...Read More

SHANGHAI, Mar 19 (SMM) – Prices of residential property in most Chinese cities continued to decline in February 2018, SMM learned.Data from the National Statistics Bureau covered 70 large and middle-sized cities and showed that prices of newly-built housing in 15 cities remained firm in February while prices in 12 cities dropped 0.1-0.6% month on month. On a yearly b...Read More

SHANGHAI, Mar 19 (SMM) – Prices of residential property in most Chinese cities continued to decline in February 2018, SMM learned.Data from the National Statistics Bureau covered 70 large and middle-sized cities and showed that prices of newly-built housing in 15 cities remained firm in February while prices in 12 cities dropped 0.1-0.6% month on month. On a yearly b...Read More

SHANGHAI, Mar 19 (SMM) – Prices of residential property in most Chinese cities continued to decline in February 2018, SMM learned.Data from the National Statistics Bureau covered 70 large and middle-sized cities and showed that prices of newly-built housing in 15 cities remained firm in February while prices in 12 cities dropped 0.1-0.6% month on month. On a yearly b...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.Oppenheimer's Ari Wald says if we look back to 2015 and 2016, we formed an important market bottom in February 2016 when the S&P 500 was trading around the 1800-level.Historically speaking, that was consistent with a non-recessionary bear market. Even though the economy didn't reset, price action did...Read More

WASHINGTON (Reuters) - Saudi Arabia called the 2015 nuclear deal between Iran and world powers a “flawed agreement” on Monday, on the eve of a meeting between the Saudi Crown Prince and U.S. President Donald Trump who have both been highly critical of Iran.“Our view of the nuclear deal is that it’s a flawed agreement,” Saudi Foreign Minister Adel al-Jubeir told report...Read More

(Kitco News) - Hecla Mining Co. (NYSE: HL) has agreed to buy all outstanding shares of Klondex Mines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of the Fire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex's Canadian assets will be spun out to existing shareholders. The value of Hecla’s acquisition of Klondex...Read More

The European Commission has warned that it is prepared to impose temporary safeguard duties on imports into the European Union of US-made steel and aluminium in response to new US import duties on aluminium and steel imports. The EC has released a draft list of products which may in future attract retaliatory duties, including a wide range of aluminium and steel products, such as bars, rods, angle...Read More

SHANGHAI, Mar 19 (SMM)? 1/4 ?China's refined copper output stood at 1.48 million mt in the first two months of this year, according to data from the Chinese customs. Iron ore production during the two-month period amounted to 123.46 million mt, down 2.5% year on year; lead production stood at 845,000 mt, up 16.1% year on year; and zinc output was 957,000 mt, up 2.5% fr...Read More

SHANGHAI, Mar 19 (SMM)? 1/4 ?China's refined copper output stood at 1.48 million mt in the first two months of this year, according to data from the Chinese customs. Iron ore production during the two-month period amounted to 123.46 million mt, down 2.5% year on year; lead production stood at 845,000 mt, up 16.1% year on year; and zinc output was 957,000 mt, up 2.5% fr...Read More

SHANGHAI, Mar 19 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Monday March 19, while Jinchuan stayed flat at 101,500 yuan/mt, SMM learned.While traders made offers actively due to ample supply, downstream customers took a wait-and-see approach. Trading was relatively thin with transactions d...Read More

February UK inflation numbers will be the centre of attention on Tuesday as traders seek clues for when the next Bank of England interest rate hike could be forthcoming ahead of its latest Monetary Policy decision on Thursday.The UK consumer price index has stayed stubbornly high over the past few months, having been widely predicted to fall back towards the end of last year.Instead inflation rose...Read More