Zinc Tips – Today Zinc Sell tips 72b given at price 210 Triggered SL hit at price 211.10. Total 1.10 Points SL hit72b : Zinc Intraday - SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 - 208.40 AFTER POST CONTENT Read More
(Kitco News) - Commodity prices, particularly gold and oil have jumped higher Monday after Israel's Prime Minister Benjamin Netanyahu said that Iran ran a secret program to produce nuclear weapons.In a speech on Monday, Netanyahu released thousands of pages of documents, which he said were copied from a "highly secret location" in Iran that detailed an effort to build nuclear arms.He sai...Read More
(Kitco News) - Gold and silver prices were moderately down in early afternoon trading Monday. However, both markets were well up from their daily lows to begin to suggest the bears are now exhausted from their recent downside assault. Early on today gold sank to a two-month low and silver dropped to a five-week bottom. The recent solid rally in the U.S. dollar index continues to curtail buying int...Read More
Mcx Aluminium Trading – Aluminium SELL Call 728 given at price 148.65 Achieved 1st Target 147.80. Made 147.70. Total Profit of 0.85 x 2 lot = 1.70 PointsTIPS ID 728 : Aluminium Tips - SELL Aluminium at CMP 148.65 for Target 147.80 - 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More
Aluminium Intraday – Aluminium Sell call 728 given at 148.65. CMP 148. Low risk taker book 0.65 x 2 lot = 1.30 Points728 : Aluminium Tips - SELL Aluminium at CMP 148.65 for Target 147.80 - 147.10 with SL Above price 149.80 . Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Rising U.S. inflation could prompt contrasting reactions among gold-market participants, Mitsubishi pointed out in a report Monday. Rising costs tend to mean higher Treasury yields that in turn underpin the U.S. dollar, thereby hurting gold. Yet, Mitsubishi also pointed out, there is also potential for some market participants to buy gold as an inflation hedge. “The week ahead...Read More
Zinc Intraday – SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 – 208.40AFTER POST CONTENT Read More
Aluminium Tips – SELL Aluminium at CMP 148.65 for Target 147.80 – 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold continues to struggle against the backdrop of easing geopolitical tensions and the strength in the dollar. The European Central Bank announced last week that rates would remain unchanged, which initiated further capital flows into the dollar, as yield differentials widened between the U.S. and Europe. The euro has been very resilient at the 1.20 euro/dollar level and a break be...Read More
Gold has fallen back below $1,320 per ounce at the start of a new trading week. “One factor weighing on its price remains the firm U.S. dollar,” Commerzbank says. “The signs of detente in the North Korean conflict are also contributing to the lack of solid demand for gold as a safe haven at present. Following the historic meeting between North Korean leader Kim Jong-un and South...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
Gold bounced on Friday, which was expected, and today it has given back all of Friday's gains. This action is no surprise as gold hovers near the recent lows. The $1,310 price is the key level as to whether gold is going to break down or find support. After breaking out a couple of weeks ago, silver finds itself in a similar situation to gold although a little stronger. Silver has violated support...Read More
Steel billet prices in most global markets either held steady or continued to weaken during the week from Monday April 23 to Friday April 27 after global trading activity ebbed away amid soft demand.But prices for long steel products in China and Southeast Asia edged up following China's slight recovery in the early part of the week.ChinaChinese domestic billet prices lost their upward momentum on...Read More
Steel billet prices in most global markets either held steady or continued to weaken during the week from Monday April 23 to Friday April 27 after global trading activity ebbed away amid soft demand.But prices for long steel products in China and Southeast Asia edged up following China's slight recovery in the early part of the week.ChinaChinese domestic billet prices lost their upward momentum on...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Monday April 30, with nickel dropping 1.5% from Friday. Nickel recorded a high-low range of $270, reaching a high of $13,940 per tonne during morning trading. With consolidation now firmly in place, nickel's three-month price is continuing to slide lower below the $14,000 per tonne support level. Despite this, sentiment...Read More
Net substitution of copper in 2017 fell for the sixth year in a row to 225,000 tonnes, down from 245,000 tonnes the previous year, according to figures released by the International Copper Association (ICA) on Monday April 30. Findings of the 2018 Global Copper Substitution survey, conducted by specialist consultancy MetalsPlus, reveal that total substitution accounted for 0.8% of the market last...Read More
Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 1.15 cents or 0.4% to $3.0810 per lb. On Friday, the contract fell to its lowest point since April 6 on a bout of technical...Read More
Softening demand and delayed tenders from Chinese stainless steel mills weighed on prices and activity for the country's ferro-chrome and chrome ore markets. Strong imports of chrome ore into China added to bearishness Falling ferro-chrome prices weigh on charge chrome and UG2 Stability for South Korean and Japanese markets Trades show drop in European ferro-chrome US prices firm slightly on limit...Read More
The Chinese ferro-silicon market has rebounded in the week to Friday April 27, ending a steady run of losses since early March, because of supply worries and renewed buying from traders; prices in Europe and the US have gone the other way, however, due to slack demand for alloy on a prompt basis. China pares losses, eyes more gains as China futures jumps Europe, US suppliers cut offer prices...Read More
Israeli businessman and Democratic Republic of the Congo (DRC) mining magnate Dan Gertler is suing former partner Glencore for just shy of $3 billion in unpaid royalties, Glencore said late on Friday April 27.Gertler's Ventora Development Sasu alleges Glencore DRC subsidiaries Mutanda Mining and Kamoto Copper Co (KCC) owe approximately $695 million and $2.28 billion respectively in royalties that...Read More