* Gold seen averaging $1,273/oz this year, $1,300/oz in 2019 * Silver seen at $15.80/oz this year, $16.40/oz next year * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Banks and brokerages have cuttheir average gold price forecasts for this year and 2019 afterthe metal slumped to 19-month lows in August, but they stillexpect prices to stage a modest recovery, a Reut...Read More
* Palladium seen at $993/oz this year, $1,025/oz next year * Platinum seen averaging $882/oz in 2018, $875/oz in 2019 * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Palladium's price premium overplatinum will widen next year, with palladium set for its bestyear on record while platinum slumps to its worst performancesince 2004, a Reuters poll showed on Monday.Shor...Read More
Published 22 Hours AgoUpdated7 Hours AgoReuters Gold eased on Monday, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.Spot gold was down 0.54 percent at $1,226.62 per ounce. U.S. gold futures settled down $8.20, or 0.7 percent, at $1,227.60. "With the dollar stren...Read More
JOHANNESBURG, Oct 29 (Reuters) - South Africa's randweakened against the dollar in early trade on Monday as thegreenback edged higher after data showed U.S. economic growthslowed less than expected and as global risk sentiment remainedfragile. * At 0630 GMT, the rand traded at 14.6025 perdollar,0.14 percent weaker than its close on Friday. * "Emerging market currencies are likely to trade wea...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN Index tumbled yet again last week, shedding 32.65 points or 2.8%. The Index has now endured a nearly vertical correction of over 9% these past four weeks.Interestingly, our long-term momentum indicator MACD rose for the second time in two weeks, climbing from -4.2 to -3.76. Ou...Read More
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Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, a Reuters poll showed.Read full newsRead More
Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, a Reuters poll showed.Read full newsRead More
The downward trend continued to prevail in the global steel billet market in the week from Monday October 22 to Friday October 26, with buying activity remaining muted amid a lack of support from the finished long steel sector.Some markets started to show the signs of optimism, however. In particular, in the CIS, some market participants hoped that the rise in import scrap prices in Turkey would h...Read More
The downward trend continued to prevail in the global steel billet market in the week from Monday October 22 to Friday October 26, with buying activity remaining muted amid a lack of support from the finished long steel sector.Some markets started to show the signs of optimism, however. In particular, in the CIS, some market participants hoped that the rise in import scrap prices in Turkey would h...Read More
Investing.com - Market players are likely to stay focused on global supplies in the week ahead, after oil prices suffered their third consecutive weekly loss, driven lower by indications of swelling U.S. crude stockpiles.U.S. oil inventories rose 6.3 million barrels last week, almost double the amount analysts had forecast, the U.S. Energy Information Administration said on Wednesday.It was the fi...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* E-Mini futures for S&P 500 up 0.4 pct, Australian shares buoyant* Poor industrial profits data from China likely to weighBy Swati PandeySYDNEY, Oct 29 (Reuters) - Asian shares look set for a modest bounce on Monday, though sentiment remains fragile as bears are on the ascendancy after steep declines across world financial markets last week on...Read More
Investing.com - This week, investors will be looking ahead to Friday’s U.S. jobs data for October, which is expected to show that hiring picked up after disruption from Hurricane Florence led to an unexpected slowdown in the previous month.The data will be closely watched for indications on the health of the U.S. economy at a time when concerns over rising interest rates are spooking investo...Read More
Gold and its miners' stocks have proven rare bastions of strength during recent weeks' market carnage. They are powering considerably higher while nearly everything else burns. The markets' major sentiment shift is accelerating a young gold upleg, which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remains very low, making for abundant...Read More
It seems like everything that could have gone wrong did go wrong for Goldcorp's (TSX:G)(NYSE:GG) third quarter. The gold producer reported a huge loss with gold production of 503,000 ounces that was 20.5% lower and all-in sustaining costs (AISC) rising 20.8% to US$999 per ounce, compared to the same quarter in 2017.After reporting the results on Thursday, Goldcorp stock fell as much as 18%. That w...Read More
One of my favourite parts of investing, frankly speaking, is the competitive aspect of it.If you're anything like this Foolish author, you love the rush of proving the market wrong when you knew you've had it right all along. One way I look for opportunities like this is finding stocks that have simply lost favour with the market.These are companies that, for whatever reason, investors have lost f...Read More
The market volatility that we've seen over the course of the past month served as a perfect reminder to investors everywhere about how important it is to diversify your portfolio.With interest rates also continuing the creep up ever so slowly, precious metal stocks such as Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) are emerging as potential investment options.Precious metals such as gold have long bee...Read More
Risk creates opportunity, and with the TSX Index down over 7% through the first four weeks of October, the market has delivered several tremendous (if not a little on the risky side) opportunities for Foolish investors to consider.What's really intriguing about DHX Media Ltd. (TSX:DHX)(NASDAQ:DHXM) these days is that the company's share price has been on an absolute tear, even as the market has be...Read More
Growth stocks are a favourite of investors who like capital gains: buying low and selling high is the name of the game, and there is often an element of patience (not to mention timing) involved in this stock trading technique. Stocks that fit the bill don't necessarily have to be great value, but they do have to have upside; look for high expected rises in earnings and good balance sheets.While s...Read More
Silver continues to languish at under US$15 per ounce, despite gold recovering earlier this month to trade at around US$1,230 an ounce. The gold-to-silver ratio has widened sharply to require 84 ounces of silver to purchase an ounce of gold compared to 75 ounces a year ago. This has many pundits claiming that now is the time to boost exposure to silver, despite fundamentals indicating that the whi...Read More