Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday March 26, with copper the only exception. After a morning of price dips across the complex, the majority of metals found support throughout the day from the weaker the weaker dollar. The dollar index hit a low of 89.02. "The dollar is weak once again which helped prices pick up throughout the day. But cop...Read More

Comex copper prices on Monday March 26 remain at a December 2017 low with a potential trade war between the United States and China, along with increased warehouse stocks, weighing on the complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange declined a further 1.80 cents or 0.6% to $2.9750 per lb. The red metal was pressured by a 37,575 tonne delivery into Lo...Read More

Iron ore prices were relatively stable at $64 per tonne cfr China on Monday March 26 with participants standing on the sidelines in anticipation of further clarity about the marketMetal Bulletin's 62% Fe Iron Ore Index Today: $64.33 per tonne cfr QingdaoDaily change: down by $0.25 per tonneMonth-to-date average: $71.17 per tonneMetal Bulletin's 58% Fe Premium Index Today: $51.43 per tonne cfr Qing...Read More

Gold breaks out on strong safety-related interest.Four of five of gold's supporting technical factors are supportive.Meanwhile gold's relative strength rating soars.Continued erosion in the stock market created a strong safe-haven bid for gold on Friday. April gold futures rallied sharply while the U.S. dollar index declined. Gold was one of the best performers among major assets in a day...Read More

Peter KrauthAfter a flat start to the month for gold prices, they finally took off last week. And that's setting the stage for an even longer gold price rally…Gold prices surged higher after the U.S. Federal Reserve hiked rates last week, gaining $35 per ounce, or 2.7%.It was the perfect response to stocks. The stock market tumbled after Fed Chair Jerome Powell's press conference on Wednesda...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 weak 73-100-117. The TSX Venture Exchange fell one point to 816 while polished diamond prices edged lower. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one cent to six cen...Read More

Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...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 $6.60 to $1,353.40 on Monday. The TSX Venture Exchange fell 1.26 points to 816.54 while the TSX Gold Index rose 2.63 points to 190.34. Agnico Eagle Mines Ltd. (AEM) led Canadian gold miners higher today, addin...Read More

The forecast that we made on September 28, 2017, indicated that the targets for gold in 2018 were bullish and were in the $1,386 to $1,484 range.If we look at the gold market, we have been in a trading range until recently of about $50, and we recently broke out of this trading range.The VC PMI is identifying that we have entered a level of supply and overbought conditions short term.Looking Back?...Read More

Galvanizers in Europe are largely resistant to volatile and rising zinc prices, senior executives in the industry said at the Metal Bulletin Zinc and its Markets Seminar in London.Continuous and batch galvanizing processes are able to pass the higher costs of zinc onto their customers for a range of reasons, the executives said on March 23.For continuous galvanizing, where steel sheets are process...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 lost 1.26 points to 816.54 Monday. David Patterson and Colin Watt have listed their seventh capital pool shell, Two Owls Ventures Corp.(OWL), with a $400,000 initial public offering at 10 cents. The stock opene...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 CaswellThe U.S. Securities and Exchange Commission has fined Kinross Gold Corp. $950,000 for violations of the Foreign Corrupt Practices Act. (All figures are in U.S. dollars.) The SEC cites payments, some in cash, to individuals linked to governments in Mau...Read More

"Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say," Goldman Sachs analysts, led by Eugene King, said in a research note published Monday. Last week, the Federal Reserve approved the widely anticipated quarter-point rate hike to put the new benchmark funds rate at 1.75 percent. Central bankers, led by Jerome Powell in his first meeting as cha...Read More

   •  USD remains heavily offered and helps regain positive traction.   •  Retracing US bond yields offset the prevalent risk-on mood.  After an initial downtick to $1343 area, Gold regained some fresh traction and surged to near 6-week tops during the early NA session. An intense selling pressure surrounding the US Dollar, despite easing US-China...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 CaswellAbida Khan, a California investment adviser serving four years in jail for her part in a scheme run by Vancouver-linked fraudster Ed Durante, has suddenly dropped her appeal. A jury previously convicted her for placing clients of her advisory firm int...Read More

Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support. China market weakness persists... ...but Mg sector demand stems price losses Europe eases with lower offer pricesUS suppliers cut prices amid competition  Renewed supply drags down Ch...Read More

   •  Fading safe-haven demand/rising US bond yields prompts some profit-taking.   •  Persistent USD selling bias helps limit any immediate sharp corrective slide. Gold struggled for a firm direction and seesawed between tepid gains/minor losses, just below 5-week tops touched at the start of a new trading week.   A combination of diverging forces faile...Read More

Antofagasta's Los Pelambres mine in Chile has reached an agreement with unionized workers for a new collective bargaining agreement, putting an end to the threat of strike action.The deal, reached during a period of government-mediated talks, includes an end-of-negotiation bonus of 11.6 million Chilean pesos ($19.06), a pay increase of 35,000 pesos and a loan of 3 million pesos per worker, th...Read More

Gold is sought as a store of value during times of political and financial uncertainty Gold prices inched lower on Monday, from a 5-week high hit earlier in the session, on profit-taking and as fears of a US-China trade war eased following reports of negotiations among two of the world's leading economies.Spot gold was down 0.1 per cent at $1,346.01 per ounce, as of 0836 GMT. Earlier in the sessio...Read More

Unionized workers at the Escondida copper mine in Chile have accepted an invitation to begin early talks with management on a new collective bargaining agreement.Direct negotiations with the company could begin starting next week, Escondida's Union No. 1 said in a statement on Saturday March 24. The union will "explore an agreement with the company based on the defense...Read More