(Kitco News)- Although the precious metals market continues to struggleto find new momentum, one international bank sees potential for the next threeyears.In a recent research report, commodity analysts atMacquarie said they think the precious metals sector is the best bet within thebroad-commodity sector. The bank said that it sees higher gold prices throughto 2020 because of growing inflation pr...Read More
Volume traded on the London Metal Exchange has rocketed since the United States Treasury sanctioned and froze the assets of Oleg Deripaska and UC Rusal. The US sanctioned and frozen the assets that are subject to US jurisdiction on Friday April 6, prompting bullish sentiment and expectations of tightness in the US aluminium market. Some 29,823 lots of aluminium had traded on the LME as of 3pm Lond...Read More
(Kitco News)- Sentiment remains extremelyvolatile in the gold market as hedge funds liquidated most of their newlyacquired bullish positions and added to their bearish bets, according to thelatest trade data from the Commodity Futures Trading Commission.“Recently established gold longsgot squeezed once again with quarter-end dollar demand and what turned out tobe a temporary easing of geopol...Read More
The Asian aluminium market is considering the impact on aluminium premiums after the US sanctioned and froze the assets of Oleg Deripaska and UC Rusal, with responses mixed among Asian industry participants so far.The US' announcement last Friday has prompted bullish sentiment and expectations of tightness in the US aluminium market, but reactions from Asia on the impact on its domestic aluminium...Read More
Volatility gauges for gold, palladium climb to 1-year highInvestors are pricing in risk premium, TD's Bart Melek saysDonald Trump’s trade policies are breathing new life into precious metals.Measures of 60-day historical volatility for gold and palladium futures climbed to the highest in about a year. Volatility in silver also increased. Prices were whipsawed last week as Trump administrati...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Even with its gains on Monday, the Dow remains more than 2,600 points below its all-time high of 26,616 on Jan. 26.The Dow's jump was led by Merck & Co. (MRK) , Intel Corp. (INTC) , Cisco Systems Inc. (CSCO) and Microsoft Corp. (MSFT) Shares of tech giants Apple Inc. (AAPL) , up 0.99%, and Alphabet Inc. (GOOGL) , up 1%, le...Read More
European ferro-silicon prices moved down last week under pressure from low demand while prices in the United States continued on a downward trend.Metal Bulletin assessed the price of Europe-origin ferro-silicon, lumpy, basis 75% Si, at ?,?1,550-1,650 ($1,903-2,026) per tonne on Friday April 6, down by 4.5% from the previous assessment.Spot market activity slowed last week, with some market partici...Read More
Gold output from Centamin's (LN:CEY) Sukari gold mine in Egypt rose year-on-year in the March quarter, although missed targets.The openpit of Centamin's Sukari' mine in Egypt09 APRIL 201809/04/2018commentsshare It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More
Warren Strobel, John WalcottWASHINGTON (Reuters) - The Federal Bureau of Investigation on Monday raided the offices and home of U.S. President Donald Trump’s personal lawyer Michael Cohen, law enforcement sources said, in a dramatic new development in a series of probes involving close Trump associates.Cohen’s lawyer, Stephen M. Ryan, said that U.S. prosecutors conducted a search that...Read More
Caledonia Mining (CN:CAL) has maintained its full-year production guidance for 2018, after fulfilling output expectations from its 49%-owned Blanket mine in Zimbabwe during the March quarter.The sinking of Blanket's central shaft is continuing according to plan09 APRIL 201809/04/2018commentsshare The miner produced 12,924 ounces of gold during the January-March period, up a marginal 1% year-on-yea...Read More
SEOUL (Reuters) - North Korean leader Kim Jong Un chaired a party meeting on Monday where he analyzed the future outcome of dialogue with the United States and development of inter-Korean relations ahead of a summit with South Korea on April 27, the North’s state media said on Tuesday.In North Korea’s first mention of official dialogue with United States and the summit with Seoul, the...Read More
Spot gold prices have climbed more than US$11 an ounce from Friday's low of $1,321.82 as US-China trade tensions continue to dominate.Staff reporterRandgold was among the market risers09 APRIL 201809/04/2018commentsshareGold stocks have fared well among the fluctuations, with Torex Gold Resources (CN:TXG) the standout on Friday in Toronto, rising more than 51% as it regained full access to its Mex...Read More
Chinese tungsten concentrate prices came under pressure last week because of weak buying interest, with exporters of ammonium paratungstate (APT) and ferro-tungsten adjusting their offers downward.More miners are expected to restart operations, which depressed tungsten concentrate prices in ChinaBuying interest in APT decreasedChinese holiday slows down the tungsten market in both China and Europe...Read More
CloseGain/LossGold $1337.30+$4.30Silver$16.50+$0.14XAU81.05-0.60%HUI175.74-1.04%GDM613.89-0.36%JSE Gold1111.01-7.05USD89.84-0.26Euro123.21+0.38Yen93.71+0.10Oil$63.42+$1.3610-Year2.780%+0.003T-Bond146.09375+0.0625Dow23979.10+0.19%Nasdaq6950.34+0.51%S&P2613.16+0.33% The Metals: Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late sessio...Read More
Australia's Department of Industry, Innovation and Science expects Japanese utilities to settle annual thermal coal contracts with Australian miners at a six-year high.JFY contracts cover high-grade Australian coal shipped from Newcastle to Japanese utilities09 APRIL 201809/04/2018commentsshare The department said in its March Resources and Energy Quarterly report the Japanese fiscal year (JFY) be...Read More
- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More
Cobalt prices consolidated their recent gains last week, underpinned by strong underlying demand, but they rose at a slower pace than was seen in March.Metal Bulletin assessed low-grade cobalt prices at $43.25-44.25 per lb, in-warehouse, on Friday April 6. This was up from the midweek assessment of $42.85-44.25 per lb, and the assessment on March 30 at $42.50-44.25 per lb.High-grade cobalt metal p...Read More
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More
Anglo American should decide on a partner to develop its Quellaveco copper project in southern Peru in the coming months ahead of a board decision on construction, the CEO of the company's copper business Hennie Faul told Mining Journal.Tom Azzopardi in Santiago Site visit at Quellaveco in Peru09 APRIL 201809/04/2018commentsshare Just back from Peru and speaking ahead of the 17th World Copper Conf...Read More
Reviews by Hydro and a third-party environmental consultancy have found no indications of contamination from the company's Alunorte alumina refinery in Brazil, Hydro said on Monday April 9.Following severe rainfall in Brazil's northern state of Par?? in February, concerns over possible water contamination led the local authorities to order Hydro to operate Alunorte at 50% of its capacity. Hyd...Read More