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

* China copper premiums at 18-month low * GRAPHIC-2018 asset returns: (Updates with closing prices)By Zandi ShabalalaLONDON, Dec 4 (Reuters) - Copper eased on Tuesday as marketsawaited remedial action by the United States and China after thetwo countries' weekendagreement on a 90-day ceasefire in theirdamaging trade dispute. Other metals, however, clung on to the previous session'sgains, powered b...Read More

The Turkish steel scrap imports market remained quiet on Tuesday December 4, with the mills staying away from the deep-sea trade due to the uncertainty in the Asian markets.There have been a number of offers available in the market, but the mills have shown no interest so far this week.A UK supplier was said to be offering HMS 1&2 (80:20) at $313 per tonne cfr but found no takers, Fastmarkets was...Read More

Corina PonsPublished6:59PM ET Mon,3 Dec 2018Reuters exports@ (New throughout; adds quotes from Erdogan, Maduro)CARACAS, Dec 3 (Reuters) - Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country's right to export gold after U.S. sanctions last month targeted its shipments of the metal.Washington has...Read More

(Updates prices, adds analyst comment)ISTANBUL, Dec 4 (Reuters) - Turkey's lira weakened somethree percent on Tuesday amid increased expectations of an earlyloosening in monetary policyafter data showed the country'sannual inflation rate eased in November from a 15-year peak.The lira fell sharply earlier this year due to investors'concerns over the central bank's ability to respond adequately to h...Read More

Comex copper prices were little changed during morning trading in the US, with market participants still digesting news of a detente between the US and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 1.85 cents to $2.7910 per lb.Over the weekend at the Group of 20 Nations (G20) meeting in Argentina, US president...Read More

Premier Rachel Notley of Alberta.Facing a historically large discount, the Alberta government is moving ahead with a mandated reduction in its oil production in a bid to stabilize prices and protect jobs in the province.Beginning on January 1, 2019, Alberta will mandate an across the board reduction of 325,000 barrels per day, or roughly 8.7%.In announcing the measures on a nationwide television b...Read More

The Tuesday Market Minute Global stocks weaken as investors fade Monday's rally amid a lack of detail from U.S.-China trade talks and signs of an inverting Treasury yield curve.Benchmark 10-year note yields drift to 3 month lows on growth concerns, putting 2s/10s gap to just 14 basis points, the narrowest since July 2007.U.S. dollar weakens as yields head south, but pound defies markets are inve...Read More

Exploration Manager, Bruce Smith, and Chief Geologist, Rodrigo Matias, during the discovery of Amalia. Source: Radius Gold Inc.Radius Gold Inc. [RDU-TSXV; RDUFF-OTC] on Tuesday December 4 announced results from an initial drill program at the Amalia gold-silver project in Chihuahua, Mexico, where Pan American Silver Corp. [PAAS-TSX, NASDAQ] has the option to earn up to a 75% interest.Radius said...Read More

The Quebrada Blanca copper mine in northern Chile. Source: Teck Resources Ltd.Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE] said Tuesday December 4 that it has agreed to sell a 30% stake in its Quebrada Blanca copper mine expansion in northern Chile to Sumitomo of Japan for US$1.2 billion.As a result, Vancouver-based Teck has formally sanctioned the fully permitted US$4.7 billion project for develop...Read More

Price gains inspired by the trade developments at the Group of Twenty (G20) summit over the weekend were sold into during afternoon trading on Monday December 3, but likewise the dips have been bought into again this morning. Three-month base metals prices on the London Metal Exchange were up by an average of 0.5% on Tuesday morning, with all of the metals - bar nickel which was unchanged - in pos...Read More

* Palladium hits record high of $1,235/oz * Gold on track for second straight day of gains * Palladium could be bound for correction in shortterm-analysts * GRAPHIC-2018 asset returns: (Recasts, updates prices)By Swati VermaBENGALURU, Dec 4 (Reuters) - Gold rose to its highest inmore than five weeks on Tuesday as the dollar sagged after theUnited States and China agreed a 90-day pause on fresh tra...Read More

Share this articleVANCOUVER - Teck Resources Ltd. has sold a 30 per cent stake in its Quebrada Blanca Phase 2 project to Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. for US$1.2 billion.The Vancouver-based miner also says that its board has approved the project for full construction with first production expected in the second half of 2021.Quebrada Blanca Phase 2 is a massive undeveloped cop...Read More

In the book Hells Angels: A Strange and Terrible Saga by Hunter S. Thompson, he writes about finding the edge on a motorcycle. The edge is that ultimate point where you are pushing yourself and the bike to its limits, on the verge of crashing, but not.The Edge... There is no honest way to explain it because the only people who really know where it is are the ones who have gone over. The others-the...Read More

China's domestic hot-rolled coil prices retreated over most of the day on Tuesday December 4, but word of a meeting on pollution controls led to some late gains in the market.DomesticEastern China (Shanghai): 3,690-3,700 yuan ($534-536) per tonne, narrowing downward by 30 yuan per tonneNorthern China (Tianjin): 3,580-3,600 yuan per tonne, down 40-50 yuan per tonnePrices in eastern China mostly hov...Read More

China's ferrous futures showed no clear trend during morning trading on Tuesday December 4, with the rebar contract being the only one to end the session significantly lower while the others were little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,302 yuan ($478) per tonne, down 20 yuan per tonneMay hot-rolled coil: 3,230 yuan pe...Read More

The latest news and price moves to start the Asian day on Wednesday December 5.Positive developments in the United States-China trade dispute kept London Metal Exchange base metal prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Read more in our live futures report.Here are how prices looked at the close of trading:Flat stee...Read More

Import rebar prices in the United Arab Emirates (UAE) went up this week but billet import prices decreased in new deals, Fastmarkets heard on Tuesday December 4.Demand was not strong because stocks were high already, market sources said.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production. Conares...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarOman, export, rebar, traded at $525-530 per tonne cfr, theoretical weight,...Read More

Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More

By Craig HemkeCopper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be? Perhaps the end of the entire LBMA/COMEX Digital Derivative and Fractional Reserve Pricing Scheme. You may recall tha...Read More