Lead Trading – SELL Lead at CMP 154.65 for Target 153.75 – 153.0 with SL Above price 155.75AFTER POST CONTENT Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday May 10.Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Thursday, with copper leading the rest of the complex, except aluminium and lead, higher.Check Metal Bulletin's live futures report here.LME snapshot at 03.55 am London timeLatest...Read More

BOSTON (Reuters) - Wells Fargo & Co (WFC.N) on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019, and that the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018.Wells Fargo gave the figures in an investor presentation posted on the San Francisco bank’s website. It said it expects net in...Read More

U.S. consumer prices rebounded less than expected in April as rising costs for gasoline and rental accommodation were tempered by a moderation in healthcare prices, pointing to a steady buildup of inflation.The Labor Department said on Thursday its Consumer Price Index rose 0.2 percent after slipping 0.1 percent in March. In the 12 months through April, the CPI increased 2.5 percent, the biggest g...Read More

May 10 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday amid political uncertainty after Israel said it attacked nearly all of Iran's military infrastructure in Syria after Iranian forces fired rockets at Israeli-held territory for the first time.It was the heaviest Israeli barrage in Syria since the start in 2011 of its civil war, in which Iranians, a...Read More

DUBLIN (Reuters) - Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.Apple announced plans in February 2015 to build the facility in the rural western town of Athenry to take advantage of green energy sources nearby, but a series of...Read More

(Adds background, quote, updates prices)* Fiscal concerns pressure Italian bond yields higher* Bank of England vote, language key for gilts* Euro zone periphery govt bond yields tmsnrt.rs/2ii2BqrBy Saikat ChatterjeeLONDON, May 10 (Reuters) - Italian government bond yields settled at a seven-week high on Thursday on growing expectations that anti-establishment parties will take power in the euro z...Read More

LONDON (Reuters) - World stocks hit a three-week high on Thursday and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty.Brent crude rose to another 3-1/2 year high of $77.89 overnight amid fears of supply disruptions after President Donald Trump withdrew the United States from a 2015 nuclear accord wi...Read More

LONDON (Reuters) - The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.The United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 that cu...Read More

LONDON (Reuters) - OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new U.S. sanctions, three sources familiar with the issue said, saying any loss in supply would take time.The Organization of the Petroleum Exporting Countries has a deal with Russia and non-OPEC producers to cut supplies that has helped erase a glo...Read More

Want to know one of the best ways to minimize the dangers of market volatility and build long-term wealth?Consistently putting more money to work.One way to do that is through dollar-cost averaging, a strategy that invests a set amount of money into the same stocks or funds on a regular schedule.Another (slightly less scientific) way?Buying a new investment - or investments - every week, every mon...Read More

Base metals on the London Metal Exchange were mixed at the close of trading on Thursday May 10, with copper climbing 1.5% while tin's three-month price dipped 1.3%.Despite dropping 0.38%, the US dollar reached a fresh 2018 high of 93.42 this week, with mixed reactions across the base metals complex. The US currency gained momentum in the run-up to president Trump's announcement that the US wi...Read More

The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminium brand Iralco after the United States said this week that it will reintroduce nuclear-related sanctions on Iran, the bourse said in a notice to members on Thursday May 10. "The LME does not propose any action in respect of Iralco brand metal at this time. The LME will continue to monitor the situation and...Read More

A 109-day queue for aluminium out of the ISTIM warehouse in Port Klang developed last month following a series of large cancelations on the London Metal Exchange, according to LME data released on Thursday May 10. On-warrant aluminium stocks in Port Klang fell 66% during April leaving just 110,496 of available stock at the ISTIM warehouse. The cancelations followed the announcement of US sanctions...Read More

Yellow metal supported by US dollar correction. Gold heads for highest daily close since late April. Gold is consolidating gains but so far it was unable to make a sustainable run above $1,320/oz. The yellow metal extended gains earlier today following US CPI data. The weaker than expected inflation reading pushed the US dollar to the downside. The US Dollar Index is having the worst day in a mo...Read More

Dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) published Thursday a resource update for its Curraghinalt gold project in Northern Ireland showing a 46% increase in gold ounces and a 32% increase in inferred gold ounces when compared to the previous feasibility study from 2016.Inferred resources rose by 32% to 3.0 million ounces of gold in 7.7 million tonnes of ore with a grade of 12.2 grams...Read More

Energy: May has historically been a seasonal turning point in WTI, the WTI term structure is still in backwardation, and natural gas seasonality weakens in June.Financials: April marked the end of a seasonally strong period in the S&P, JPY/USD 12-month momentum is slightly positive, and May has historically been the second weakest month for EUR/USD.Grains: Agricultural commodities have rallied...Read More

The latest U.S.-Iran crisis is driving a deepening wedge between gold and black gold. Supply fears are buoying oil, with the precious metal trading at the cheapest relative to U.S. crude since 2014 as a stronger dollar, rising U.S. interest rates and a solid global economy overshadow geopolitical tensions. “The safe-haven trade has just not been there,” ...Read More

Gold continues to make higher lows, but it fell to the bottom end of its trading range.Platinum's price action looks a lot different."Rich man's gold" has been a poor performer since 2014.Fundamentals favor a rebound in platinum.Patience is a virtue, and the platinum-gold spread requires incredible fortitude.Value is often a subjective concept. What is cheap to one person may be...Read More

   •  USD weakens further after both headline and core CPI miss estimates.    •  Retracing US bond yields offset risk-on mood and remain supportive. Gold finally broke out of its daily consolidative range and spiked to 1-1/2 week tops during the early NA session. The US Dollar extended its profit-taking slide and retreated farther from yearly tops after...Read More