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
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
(Kitco News) - Changes in monetary policy could really affect stock markets and increase volatility in equities in 2019, this according to Will Rhind, CEO of GraniteShares. "I think we can have quite a significant change if there's a rate rise in December. I think that really increase the likelihood of a stock market sell-off coming into next year. So, we've already got a strong dollar as you kn...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
The latest metal markets news and price moves to start the North American day on Tuesday December 4. Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asian morning trading on Tuesday December 4, with investors taking profits following the complex's strong performance on Monday.Here is how the LME base metals complex looked at 11.58am London time: For...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday December 4.Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asia morning trading on Tuesday, with investors taking profits following the strong performance by the complex on Monday. Check Fastmarkets MB's live futures report here.United Kingd...Read More
Klondike Gold (TSX-V: KG; FRA: LBDP) reported that, in 2018, it drilled 87 holes totaling 9,511.93 metres at the Lone Star Zone of its Klondike District Property. To date, the company has received final assay results from 51 of the diamond drill holes. Such results have prompted a plan to continue exploration to affirm multiple local sources of bedrock gold mineralization. "Hole LS18-201 on 12300E...Read More
President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the Weste...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Palladium soared to a record high on Tuesday, fueled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid.Spot gold was up 0.6 percent to $1,237.81 per ounce after earlier hitting $1,241.86, the highest...Read More
Gold is currently trading at $1,237; the highest level since Nov.1 and looks set to extend the rally further, tracking the slide in the US 10-year treasury yield. Technically speaking, the safe haven yellow metal is looking north, having cleared the resistance of the trendline connecting the Oct. 26 low and Nov. 7 low. That breakout gained credence as prices moved above the horizontal resistance...Read More
Aristotelis Mistakidis, Glencore's head of copper marketing, will retire at the end of this year, the commodity trading house said on Monday December 3. Nico Paraskevas was appointed as the new head of copper marketing. Several other management changes were announced on Monday. Peter Freyberg was appointed head of industrial mining...Read More
Peter KrauthAfter a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge.The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally.Washington and Beijing announced a "90-day truce" in their trade war, whereby both sides have promised not to escalate tariffs any further as they work diligently to r...Read More
Positive developments in the US-China trade dispute kept London Metal Exchange base metals prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Climbing more than 2%, the three-month lead price was the strongest performer over the afternoon, closing above $2,000 per tonne for the first time since November 21. Meanwhile, the thre...Read More
North Vancouver/Stockholm-based Boreal Metals (TSXV:BMX) announced today it has completed seven diamond drill holes totalling 951 metres of exploratory diamond drill program at its Burfjord copper-gold project in Norway. In a press release, the miner said that assay results are expected in the coming weeks. The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares near...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
XAUUSD, H1 Gold got the anticipated “G20” early month lift at open today following Fridays monthly close over the important $1220 level. The weakening US dollar, relief rally in Asian equities both added to demand for Gold. The Asian session breached $1225 and follow through buying continued through the European session and into the US open. R2 and new “line in th...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
Participants in the seaborne coking coal spot market stayed on the sidelines on Tuesday December 4 even as bids on the Global Coal trading platform climbed.A bid for a January-loading shipment in the branded segment was made at $234 per tonne fob Australia on the platform during the day, market sources said. This compares with $230 per tonne fob Australia just a day earlier. "I am not aware of any...Read More
GOLD Spot gold advanced 0.75% since Monday's opening and hit new nearly one-month high at $1232, advancing on weaker dollar after US/China trade ceasefire deal.The yellow metal regained traction after Thu/Fri rejection on both direction, which signaled indecision as markets were awaiting signals from G20 meeting. Fresh advance emerged from European session correction low at $1229 and probe aga...Read More
Silver looks to be creating a bearish pattern over the past few years. Could this bearish pattern end up being bullish for Silver?This chart takes a look Silver on a monthly since the 1970's. Numerous times Silver created a bearish ascending triangle at each (1). When this pattern forms, the majority of the time the asset falls in price by a large percent.Silver bucked the odds at each (1) and bro...Read More
Gold futures on Monday climbed to their highest finish in a month, as a cease-fire in the trade skirmish between the U.S. and China weakened the dollar, which has been the de facto haven amid tariff conflagrations between the world's largest economies. "We remain committed to the idea that both gold and silver are physical commodity markets in need of a lifting of global economic headwinds from t...Read More