World markets are in a funk this morning as the talk of trade wars and tariffs accelerate. China has retaliated with dollar-for-dollar tariffs, creating instability in the global equity markets. After rallying almost 400 points on Tuesday, the Dow is down 600 points this morning. With all the volatility in the equity markets, the metals remain in the same consolidation pattern they have been in fo...Read More

 FTSE 100 closes higher - justLondon listed miners struggle on trade worriesTrump vs China tariff war escalates FTSE 100 closed in the black but only just, having spent most of the day in the red.Traders are jittery to say the least about the intensifying trade dispute between the US and China.The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging...Read More

SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of  $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More

China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More

Zinc Carry Tips – Zinc SELL Carry Call 402 Given yesterday at price 214.25 Achieved 2nd Target 211.50. CMP 211.35. Total profit of 2.75 Points per lot402 : ZINC HOLD Call - SELL Mcx Zinc April at CMP 214.25 with SL Above 216.10 for Target 213 - 211.50AFTER POST CONTENT Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump is not attacking the business sector with his recent critiques of Amazon.com Inc (AMZN.O) but wants the online retailer to do more when it comes to taxes, his economic adviser said on Wednesday.“His view on Amazon is we’ve got to have a level playing field with regards to taxes,” Kudlow told reporters at the White House. “T...Read More

Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More

Aluminium Free Tips – Aluminium BUY Call 42a Given at price 129.60 CMP 130.20. Total 0.6 x 2 lot = 1.20 Points Small Profit chance for low risk takerTIPS ID 42a : Aluminium Tips Online - BUY Aluminium at CMP 129.60 Add more if price 128.90 with SL 128.50 for Target 130.50 - 131.40. RISK taker trade with 2 lotsAFTER POST CONTENT Read More

ULS Technology PLC (LON:ULS) saw its shares slide 7.9% to 145p in lunchtime trading after its chief executive (CEO) was appointed managing director of Mortgage Advice Bureau PLC (LON:MAB1).The AIM-listed media agency said following the departure of Ben Thompson as CEO, managing director Stephen Goodall would be taking over the position.Thompson previously held senior positions at Legal & Gener...Read More

(Kitco News) - Although gold is off its session highs, the market continues to hold on to modest gains following a drop in sentiment within the service sector, according to the latest data from the Institute for Supply Management.Wednesday, the ISM said its non-manufacturing index showed a reading of 58.8% for March, down from February's reading of 59.5%. Consensus forecasts were calling for a rea...Read More

NEW YORK (Reuters) - Oil dropped to a two-week low on Wednesday after China proposed a broad range of tariffs that fed fears of a burgeoning trade war with the United States, but crude bounced off session lows when U.S. data showed a weekly decline in crude stocks, instead of the increase analysts had expected.China, the world’s largest importer of raw materials, hit back at the Trump admini...Read More

Zinc Intraday Today – BUY Zinc at CMP 211.60 for Target 212.80 – 213.70 with SL below price 210.70. RISK Taker Set SL more dip around 210.50AFTER POST CONTENT Read More

MOSCOW (Reuters) - Russia’s foreign intelligence agency chief Sergei Naryshkin said on Wednesday that Washington’s actions toward Russia mean its possible to start speaking of a return to the Cold War era.“Washington has become fixated with the fight against a non-existent, so-called Russian threat. This has reached such proportions and acquired such absurd characteristics that i...Read More

Copper Tips – BUY Copper at CMP 431.0 Add more if price 429 with SL 427.9 for Target 433.90 – 435.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More

Copper price premiums in Shanghai rose to a 17-month high with market participants hoping for declining import costs following a cut in value-added tax (VAT), market sources told Metal Bulletin on Wednesday April 4.On Wednesday, the premium for copper cathodes on a cif basis rose by $3 to $78 per tonne, the highest level since October 31, 2016, according to Metal Bulletin assessments.The adjustmen...Read More

WASHINGTON (Reuters) - President Donald Trump’s former campaign chairman Paul Manafort will try to convince a federal judge on Wednesday to throw out criminal charges filed against him by Special Counsel Robert Mueller, arguing Mueller has overstepped his legal authority.Manafort filed a civil lawsuit on Jan. 3 against Mueller and Deputy Attorney General Rod Rosenstein, the Justice Departmen...Read More

Tips for Nickel – BUY Nickel at CMP 854.50 for Target 862 – 868 with SL below price 845.50AFTER POST CONTENT Read More

Prices for rebar produced and delivered in Southern Europe widened downward by ?,?5 per tonne this week amid continued low demand, sources told Metal Bulletin on Wednesday April 4.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe widened downward to ?,?510-530 ($627-651) per tonne delivered on Wednesday, compared with ?,?515-530 per tonne delivered one week ago.The ass...Read More

(Reuters) - General Motors Co (GM.N) will stop production of its subcompact Chevrolet Sonic by as early as this year, the Wall Street Journal reported citing people familiar with the matter.GM is also considering discontinuing Chevrolet Impala in the next few years, while Ford Motor Co (F.N) will stop making the Fiesta small car for the U.S. market by as early as next year, the Journal reported on...Read More