Gold experiences wild swings amid a volatile macro backdrop.Speculators turned very bullish on gold over March 20-27, the CFTC shows.But ETF investors took some profit, FastMarkets' estimates show.Elevated trade war fears set to dominate the market in near term. This is dollar-negative.I have a long position in IAU, expecting a fresh 2018 high in Q2. Source: Pinterest. Introduction Welcome to my G...Read More
• Weaker USD/renewed US-China trade helps regain traction. • Pickup in the US bond yields did little to stall the up-move. • This week’s important releases could help determine the next direction. Gold prices edged higher at the start of a new week/quarter and recovered a part of last week's corrective fall from 1-1/2...Read More
US and North Korea have mutual economic interests in bypassing China through bilateral dialogue that represents a seismic shift of alliances and power dynamics in Asia.Historic US-North Korean summit is the first in a series of near term geopolitical issues that may create powerful volatility in the global markets which have yet to price in.This emerging market uncertainty and volatility represent...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 June delivery lost $1.93 to $63.01 on the New York Merc, while Brent for June lost $1.70 to $67.64 (all figures in this para U.S.). Western Canadian Select futures did not trade, as the Chicago Merc w...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 poor 59-95-136. The TSX Venture Exchange fell 13 points to 783. Over the past week rough diamond prices have dipped 0.25 per cent. Ken MacNeill and George Read's perpetual Saskatchew...Read More
China's rebar prices experienced big gains on Monday April 2, especially in the domestic segment, following a surge in the billet market over the weekend.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($589-595) per tonne, up 140-150 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, up 60-70 yuan per tonneBillet prices rose sharply during the weekend due to strong demand, wh...Read More
• Renewed trade war fears prompt USD selling and helps regain traction. • Risk-off mood provides an additional boost to the safe-haven appeal. • Traders now eye US ISM PMI for some short-term opportunities. Gold continued gaining some positive traction through the mid-European session and refreshed session tops in the past hour....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 rose $15.80 to $1,340.80 on Monday. The TSX Venture Exchange dropped 13.04 points to 783.63 while the TSX Gold Index rose 2.96 points to 189.54. Most Canadian gold miners posted gains today. Detour Gold Corp. (DGC) a...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 fell 13.04 points to 783.63 Monday. Norman Tsui's capital pool shell,Westshire Capital II Corp., has completed its qualifying transaction by launching Kirk Shaw's film and television production company, The Won...Read More
The Chinese silicon export market weakened further this past week, with exporters again lowering their quotations to attract business amid continued sluggish demand.The Chinese grade 553 silicon export price slipped to $1,940-1,980 per tonne on Friday March 30, from $1,960-2,000 per tonne a week earlier. The majority of quotations that buyers received from Chinese suppliers were around $1,950 per...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 lengthy legal dispute in the Supreme Court of British Columbia between Silvercorp Metals Inc. and Vancouver's Kun Huang has come to an abrupt end, with Mr. Huang dropping the lawsuit. Mr. Huang had claimed that Silvercorp had him arrested and deta...Read More
Copper stocks in the Shanghai-bonded zone rose amid a closed import arbitrage while nickel and zinc stocks fell in March, according to Metal Bulletin's assessments.Copper Copper stocks in Shanghai-bonded warehouses were at 500,000-510,000 tonnes on Monday March 26, up from 460,000-470,000 tonnes a month earlier, according to Metal Bulletin's assessment. Import arbitrage opportunities bef...Read More
Gold futures settled lower on Thursday, posting a decline for the week, as concerns over a potential global trade war continued to ease and benchmark U.S. stock indexes strengthened, dulling haven-related demand for the precious metal. Gold marked a third-straight quarterly gain, but it was the smallest quarterly rise in seven years. Gold has been up year to date, but...not an impressive gain give...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading on Monday April 2, but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results.The most-traded copper contract on the SHFE was at 50,210 yuan ($7,994) per tonne as of 10.56am Shanghai time, up by 30 yuan per tonne from Frid...Read More
The latest news and price moves to start the Asian day on Tuesday April 3.Comex copper prices traded at a one-week high on Monday morning in the United States following a wave of positive Chinese manufacturing data. Read more in our live futures report.The London Metal Exchange was closed on April 2 for Easter Monday.China has dealt a serious blow to the US aluminium scrap industry, offi...Read More
Demand for flat steel in Turkey will remain moderate through April; and no price increases are expected, because end-user demand is not strong, market participants told Metal Bulletin. "Everyone expects prices to fall, but if demand from Europe remains good, producers may not decrease [their prices]. The market is uncertain for now," one market participant said on Thursday March 29. "Prices need t...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: Hot-rolled coilHot-rolled coilEast China,...Read More
With competition in the global steel markets remaining fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in March 2018.The case list below includes only updates. For other continuing cases...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More