Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Biden just announced an ambitious and expensive infrastructure plan. Will it rebuild gold?Yesterday (Mar. 31), President Joe Biden announced the big infrastructure plan , the second major legislative initiative after the $1.9 trillion coronavirus relief plan passed in early March. The proposal includes about $2.2 trillion in new spending over eight years, boosting government expenditures even furt...Read More

Peter Krauth, editor of Silver Stock Investor, discusses the macroeconomic environment for silver and why he is embracing the metal's volatility. Being a silver investor over the last few weeks has become more psychologically challenging.That's true even for us die-hard silver enthusiasts.After all silver had a standout 2020, having gained about 47% in its best year since 2010. That easily outpace...Read More

Confirmed, unconfirmed, verified, andinvalidated: breakouts and breakdowns are now ubiquitous. And the implicationsare bearish for gold.Let’s start today’s analysis with adiscussion of the key market that everyone is interested in – gold.Gold’sFailed Breakout – A Sell Sign In short, gold just invalidated its smallbreakout above the declining blue resistance line. The...Read More

Turkish steelmaker Tosyali Iron and Steel has ordered a second quantum electric-arc furnace (EAF) from Primetals Technologies, Primetals said.The quantum EAF will produce 2 million tonnes per year of liquid steel and can be operated with a mixture of scrap or varying composition of hot briquetted iron (HBI), Primetals said.Tosyali ordered its first quantum EAF in December 2020, together with a two...Read More

The Indian Steel Association (ISA) has approved the entry of four new steel companies following a committee meeting on Thursday April 8, Fastmarkets understands.Tata Steel has re-joined the association one year after it withdrew its membership in May 2020 concurrent with the resignation of managing director T.V. Narendran as president of the association. Tata brings with it, Tata Steel BSL -...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More

The nickel markets were bullish in China, somewhat bearish in Europe, and mixed in the United States in the week to Tuesday April 13.A sudden opening of the arbitrage window on Monday stirred China's nickel marketTalk of higher briquette premiums in the US has yet to translate to dealsEuropean trade curbed by pandemic lockdowns, auto industry curtailment.China's nickel premiums up amid good arbitr...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More

Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday April 14 because demand exceeded supply, sources told Fastmarkets.The number of deals was limited, however, because producers preferred to trade smaller volumes and returned to the market only with short-validity offers. Such tactics, combined with low stocks and good demand from end-consumers, supported an uptrend in...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More

Chile's copper miners face the biggest set of labor negotiations in years, but with prices expected to maintain current highs, how high is the risk to output disruptions? Fastmarkets investigates.More than 40 labor negotiations are due to take place this year at mines in Chile, the world's leading copper producer, against a backdrop of almost decade-high metal prices and elections set to be hotly...Read More

Aluminium's futures price reached yet another year-to-date high on the London Metal Exchange on Wednesday April 14, while tin returned above the $26,000 per tonne mark and copper bounced up by 2% on a day when most metal prices were again boosted by a lower US dollar.Aluminium's price peaked at $2,329 per tonne during trading on Wednesday, and closed up by 1.3% at $2,323.50 per tonne, from Tuesday...Read More

The London Metal Exchange three-month aluminium price reached a new year-to-date high on Wednesday April 14 morning, while the rest of the complex was trending higher on support from a lower US dollar index.LME aluminium's price reached $2,322 per tonne around 9:30am on higher volumes, trading over 4,500 lots by that time, that surpassed copper, which was trading around 3,800 lots. This is th...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.Tuesday's US consumer price index (CPI) reading climbed by 0.6% in March, slightly higher than...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? There is no end in sight to the shortfall in flat steel supply that has characterized US markets in early 2021, and we expect record-high US pricing for hot-rolled coil to persist through the second quarter of 2021 and into the second half of the year. We are fo...Read More

RAPAPORT... India's gem and jewelry industry has obtained an exemption from the strict Covid-19 measures that have gone into effect in Mumbai and the surrounding region.The government of Maharashtra state announced new rules on Tuesday, restricting gatherings and activities and allowing only essential services to operate. These include the export and import of all commodities, enabling the di...Read More

RAPAPORT... Jewelry and watch sales at LVMH rose in the first quarter, buoyed by the inclusion of Tiffany & Co. for the first time.Revenue for the category surged 138% year on year to EUR 1.88 billion ($2.24 billion) for the three months ending March 31, the company said Tuesday. The quarter is the first to incorporate sales from Tiffany, which the French luxury conglomerate purchased in Janua...Read More

RAPAPORT... Three rings featuring diamonds with fancy-vivid color stole the show at the Christie's Magnificent Jewels auction, selling for more than $8 million combined.The trio of jewels, called the Perfect Palette, achieved a total of $8.4 million at the New York sale, Christie's said Tuesday. A 2.17-carat, fancy-vivid-purplish-pink diamond ring brought in $3.5 million, beating its $2.5 million...Read More

Domestic prices for steel wire rod in Southern Europe were largely unchanged over the past week, although producers were reported to be mulling an increase for May, Fastmarkets heard on Wednesday April 14.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?660-670 ($787-798) per tonne on Wednesday, unchanged since March 31.The assessm...Read More

(IDEX Online) - The GIA has won a trademark infringement suit against another grading lab -  AIG Belgium - over its use of a "look-alike logo".A Belgian court said it would impose a fine of up to $600,000 for any future use of the offending seal design or of the standalone letters AIG.It referred to AIG's "attempt to sail on the success of GIA's marks".Online visitors to AIG Belgium...Read More