In the first week of May, gold prices continue to hover near $1,705, hinting at a strong probability that the yellow metal could advance towards $1800 over the coming months. Crashing oil prices and the global coronavirus pandemic have created an opportunity for stronger Gold demand amid increased economic uncertainty and market volatility. Tuesday’s trading session saw gold prices head for...Read More

BPC said last week it had agreed a contract price of US$220/tonne with a consortium of Chinese buyers for potash to be supplied in 2020.Read More

JAKARTA (Reuters) - Police in Indonesia's North Maluku province have arrested 8 people linked to a workers' demonstration that turned violent at a nickel project run by France's Eramet and China's Tsingshan Holding Group, a police spokesman said onRead full newsRead More

Indonesia's Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again, the ministry's spokesman, Jodi Mahardi, told Reuters on Wednesday.Read full newsRead More

If the boredom has well and truly set in after weeks of travel restrictions and social distancing, you could always join metal traders in a game of lockdown lottery.Read full newsRead More

Nickel prices jumped to their highest in more than a month on Monday after mining company Vale slashed its annual output target for the stainless steel ingredient due to the impact of the coronavirus pandemic.Read full newsRead More

Gold prices are reacting along with gold stocks and company shares in the week ahead of scheduled meeting to be held by the US Federal Reserve and the European Central Bank. Following several rounds of interest rate cuts and stimulus packages aimed at extending financial aid to struggling businesses to counter an impending economic collapse, investors are starting to pull away from the yellow meta...Read More

Gold prices dropped nearly 2% to a near two-week low on Tuesday as investors scuttled for cash to cover losses in other asset classes driven by a crash in oil markets as the coronavirus outbreak wrecks economies. Spot gold slipped 1.3% to $1,671.68 per ounce, having earlier hit a low since April 9 at $1,659.68. U.S. gold futures settled 1.4% lower at $1,687.80. Gold price witnessed a low of $1,57...Read More

Gold prices reached their highest level in more than seven years on Tuesday due to growing concerns over the global economic slowdown as a result of the coronavirus pandemic. A wave of stimulus measures from central banks and governments lifted bullion’s appeal and, consequently, gold stocks value rose as well. The largest percentage gainer on the TSX was Torex Gold Resources, which jumped...Read More

Wednesday’s trading session saw gold markets quiet down after peeking through the $1700 level on Tuesday. By giving back gains the way the market has, the yellow metal ended up forming the shooting star during the Tuesday session which analysts see as a negative sign. The outlook for the market remains positive as investors continue to be attracted to the safety of gold. Furthermore, the cen...Read More

The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base Metals Index rose 0.78% to 63.72. Spot gold finished at US$1,621.00 per oz., for a weekly drop of US$7.00 per oz. drop, or 0.43%, and the S&P/TSX Global Gold Index climbed 4.80% to 253.90.Shares of Agnico Eagle Mines w...Read More

Gold prices remained stable on Wednesday as investors sought safe-haven assets after fears of a economic downturn due to increasing lockdowns and other global restrctions to combat the coronavirus pandemic. As oil prices took a plunge due to on-going price wars between OPEN and non-OPEC members and port shutdowns that brought tankers and refineries to a halt, investors are turning to real assets...Read More

Mining operations in the Philippines' southern province of Surigao del Norte, home to most of the country's nickel mines, will be suspended from April 1 as part of efforts to prevent the spread of the coronavirus, two mining companies said on Tuesday.Read full newsRead More

Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-27, 2020$AEM $AGI $BTC $CXB.TO $CG.TO $EGO $EDV.TO $EQX $FSM $HL $IAG $HL $LUG.TO $MUX $OGC.TO $PAAS $SSRM Due to government mandated shutdowns of select businesses and in this case, mining, in response to the COVID-19 outbreak, there has been rather limited news flow except that related to temporarily suspending min...Read More

You better buy gold now before it's too late.Continue...Read More

JPMorgan Reaped $100 Million as China Squeezed Niche Nickel MarketRead full newsRead More

With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also taking precautionary measures to prevent the potential spread of the virus. At this time, these measures do not appear to have a major impact on project timelines for two pre-production companies focused on Eastern...Read More

Research agency Fitch Solutions expects global nickel production to decrease significantly over the course of this year, as major producer Indonesia's nickel ore export ban comes into effect. The ban in Indonesia was announced in September 2019, bringing it forward to go into effect from January this year instead of January 2022.Read full newsRead More

Gold has been one of the best performing commodities in over a year, with the global gold price rising from close to $1,300 per ounce in the beginning of 2019 to about $1,630 per ounce in February 2020. The rise in price in 2019 was led by rising trade tension between US-China...Read full newsRead More