Investing.com - Gold prices were trading near their highest levels in two weeks in midday trade on Thursday, after a less hawkish than expected Federal Reserve and amid growing concerns over trade tariffs.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $6.50, or 0.49% to $1,328.00 a troy ounce by 11:52 AM ET (13:52GMT). That was its highest level s...Read More
* Dollar weakens broadly as trade worries compound Fed effect* China bumps up short-term rates slightly* Oil stalls at six-week high* European shares seen 0.1 to 0.4 pct lowerBy Marc JonesLONDON, March 22 (Reuters) - The threat of a global trade war and a steady message from the Federal Reserve on U.S. interest rates pushed the dollar to its lowest in over a month on Thursday and took Europe's mai...Read More
(Corrects day in first paragraph to Thursday from Wednesday)MUMBAI, March 22 (Reuters) - India's Multi Commodity Exchange (MCX) MCEI.NS will start trading in brass futures from next week as it tries to provide a benchmark price and hedging tool to the industry, the bourse said on Thursday.MCX will start trading in three contracts of brass, an alloy made of copper and zinc, from March 26.The lot si...Read More
* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* New PBOC Governor bumps up short-term rates slightly* Oil at 6-week high on U.S. inventory, OPEC stance* European shares seen 0.1-0.4 pct lowerBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar slipped on Thursday after the Federal Reserve held back from increasing the pa...Read More
* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* Oil at 6-week high on U.S. inventory, Iran nuke deal worriesBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar slipped on Thursday after the Federal Reserve did not signal a faster pace of rate hikes this year while worries about a coming announcement on tariffs from U.S....Read More
The latest news and price moves to start the Asian day on Friday March 23.Base metals prices on the London Metal Exchange plummeted at the close on Thursday March 22, while the dollar index staged a recovery. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The United States Trade Representative (USTR) has said that the European Union, Argentin...Read More
Investing.com - Gold prices were trading near their highest levels in two weeks in European mid-morning trade on Thursday, boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $9.7 or 0.73% to $1,331.2 a troy ounce by 05:28 AM ET (09:28...Read More
The latest news and price moves to start the Asian day on Friday March 23.Base metals prices on the London Metal Exchange plummeted at the close on Thursday March 22, while the dollar index staged a recovery. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The United States Trade Representative (USTR) has said that the European Union, Argentin...Read More
Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call "a kagome metal" - an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice.In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, w...Read More
Both houses of the US Congress have approved an omnibus appropriations bill including USD1.2 billion for nuclear energy. The bill will see the suspension of sales by the Department of Energy (DOE) of surplus uranium to pay for decommissioning work at the former Portsmouth uranium enrichment plant.Senators today approved the Consolidated Appropriations Act 2018, which appropriates some $1.3 trillio...Read More
Kyushu Electric Power Company today began the process of restarting operation of unit 3 at its Genkai nuclear power plant in Japan's Saga prefecture. The reactor is scheduled to resume commercial operation next month.The four-unit Genkai plant (Image: Kyushu)The utility said the process of extracting the control rods from the 1180 MWe pressurised water reactor (PWR) was restarted at 11.00am today....Read More
Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close. Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a...Read More
It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More
The number of lead-acid battery recyclers in China is expected to triple by the end of this year due to the Chinese government's recycling friendly policies, China Nonferrous Metals Industry Association's (CMRA) recycling metal branch said on Friday March 23.As of July 2017, the country approved 116 certified companies to recycle lead-acid batteries with a total recycling capacity of about 2.7 mil...Read More
Lupaka Gold (LPK.V) has now completed a systematic underground sampling program on the 3400 level at its Invicta polymetallic project. The company has identified (and confirmed) high-grade footwall mineralization (9.86 g/t AuEq) over a length of 130 meters and an average width of 6.1 Meters. This is a very positive development as the average grades encountered in the sampling program are similar t...Read More
One of Novo Resources (CN:NVO) most recent recruits, senior exploration manager Kas De Luca, has been tasked with figuring out exactly how much gold the company is sitting on in the Pilbara, and she is tackling that challenge with the help of science. Kristie Batten Novo now has a team of eight looking over the unusual system in the PilbaraNovo Resources23 MARCH 201823/03/2018commentsshare De Luca...Read More
The Mint Corporation (TSXV:MIT) expects higher revenue per cardholder from the mobile wallet and new servicesSmallCapPower | March 23, 2018: Mint mobile wallet poised for April launch in the UAE. On March 22, 2018, The Mint Corporation (TSXV:MIT) announced that its majority-owned subsidiary, Mint Middle East LLC ("MME"), is expected to commercially launch the mobile wallet application in April. In...Read More
Drilling operations on Allegiant Gold's Eastside gold property near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV], the new spin-out company comprised of the Western U.S. exploration assets of Columbus Gold Corp. [CGT-TSX; CBGDF-OTCQX], has added a second drill rig to the resource expansion program currently under way at Allegiant's100%-owned Eastside gold project, loc...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of China's minor metals markets in the week of March 19-23 and the reasons for any price moves.Read More