(Kitco News) - This could be a good time to invest in gold as the risk to the precious metal’s prices is “firmly” to the upside, according to Capital Economics.Gold stands to benefit greatly from any escalation in trade war fears, as an increase in tensions will lead to investors selling riskier assets and buying safe-haven options, said Capital Economics’ commodities econo...Read More
Now for the second day in a row, gold continues to trade under pressure. Although yesterday’s price action contained a higher high then Monday, gold fell under pressure to close $11 lower on the day. Dollar strength and selling pressure not only continued but also accelerated today with gold losing 1.38% of value.As of 3:49 PM Eastern standard time, gold futures (April futures contract) are...Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
Nickel Carry Call – BUY Nickel at CMP 853.50 for Target 865 – 870 with SL below price 845AFTER POST CONTENT Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
Stakeholder Labrador Iron Ore Royalty (CN:LIF) confirmed in a statement that IOC's final offer on March 23 had been rejected, with USW's 5795 and 6731 local groups launching industrial action.Read More
Prices for domestic steel hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne because mills are suffering from low demand, market sources said on Wednesday March 28."We are seeing a small number of offers at the moment, because of the uncertainty in the market. It may be that some suppliers have become nervous, seeing their order intake down in March," one Southern European p...Read More
U.S. equity index futures were higher this morning. S&P 500 index futures were up 5 points in pre-opening trade. Index futures were virtually unchanged following release of the final estimate for fourth quarter real GDP at 8:30 AM EDT. Consensus was an increase in growth to a 2.7% rate versus the previous estimate of 2.5%. Actual was 2.9%. Lululemon gained $5.78 to $84.49 after reporting highe...Read More
NEW DELHI (Reuters) - India has asked the United States to exempt it from higher tariffs on steel and aluminum, saying Indian exports of the two products did not pose a security threat to America, three government officials said.Last week, U.S. President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the biggest U.S. trading par...Read More
(Kitco News) - While the gold market continues to build bullish momentum, the market still needs one key ingredient that will ultimately drive gold prices through $1,400 an ounce, according to one investment firm.In a recent telephone interview with Kitco News, Maxwell Gold, head of investment strategy at ETF Securities, said that the market needs to see a resurgence of physical demand both in Nor...Read More
MCX ZINC TRADINGZinc Trading – Today Zinc April Sell call 2e1 given at price 214.60. Achieved 2nd Target 212.80. Total profit of 1.8 Points per lot / Rs 9000CALL ID 2e1 : Tips for Zinc Today - SELL Zinc APRIL at CMP 214.60 for Target 213.50 - 212.80 with Small SL Above price 215.20AFTER POST CONTENT Read More
SHANGHAI, Mar 28 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Wednesday March 28, while Jinchuan traded at a premium at 400 yuan/mt, SMM learned.Jinchuan offered nickel plate at 97,200 yuan/mt.Prices of nickel futures traded rangebound in the morning and traders made offers activel...Read More
SHANGHAI, Mar 28 (SMM) – Trading in the zinc spot market in Shanghai was flat on Wednesday March 28. Smelters were unwilling to release cargoes at lower prices while downstream buyers only purchased as needed, SMM learned. The 0# zinc mostly traded at 24,880-24,960 yuan/mt. The 0# common brand traded at a discount of 20 yuan/mt to flat against the SHFE 1805 contract, and the 0# Shu...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
Today, the International Islamic Financial Market (IIFM) and World Gold Council led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa ??stanbul at their campus.The meeting assessed current market practices with respect to identified gold related documentation and products. Deliberations were aimed to i...Read More
RAPAPORT... Tango Mining achieved an average price of $864 per carat atits March tender, driven by the sale of an 8.47-carat diamond, the company saidFriday. The stone, which fetched $2,896 per carat, was among 106 roughdiamonds - weighing a combined 159.34 carats - that Tango put up for sale. Tango sources its diamonds from the Oena mine in SouthAfrica. The company has recovered 1,660...Read More
(Kitco News) - Gold and silver prices were solidly lower in midday U.S. trading Wednesday. A rebound in the U.S. dollar index at mid-week and an uptick in investor risk appetite today had the sellers of the metals in control. April Comex gold futures were last down $15.60 an ounce at $1,326.40. May Comex silver was last down $0.276 at $16.265 an ounce.While world stock markets were mostly lower ov...Read More
Mcx Nickel Live Tips – Nickel April Buy call 2f8, Given at price 848 Achieved 1st Target 855. CMP 855. Total Profit of 7 x 2 lot = 14 Points ProfitTIPS ID 2f8 : Today Intraday Nickel Call - BUY Nickel APRIL at CMP 848 for Target 855 - 862 with SL below price 839. Trade with 2 lotsAFTER POST CONTENT Read More
SHANGHAI, Mar 28 (SMM) – Demand for nickel plate has finally seen a turnaround since last week as futures prices fell, SMM learned. Some steel mills stockpiled and drove the overall procurement volume to over 1,000 mt during the week ended March 25. Previously, trading activities were stagnant after the Chinese New Year holiday. For editorial queries, please contact Daisy Tsen...Read More