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
Full Article: This Holiday Season, Make It Silver and GoldBy: Frank HolmesYesterday evening marked the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for a single day's lighti...Read More
The markets finally get the memo on the Trade War! The RBA leaves rates unchanged... Good Day... And a Wonderful Wednesday to you! I know, I know, I said that with today being a Government holiday, that I too would take it as a holiday... But upon further review, there was just too much going on to not write today, so, in the words of Scorpion... here I am... rock you like a hurricane! I dou...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday December 5, with most of the three-month prices trading in narrow ranges while impervious to broad strength in the US dollar.Zinc's three-month price was the best performer over the afternoon, reaching an intraday high of $2,617.50 per tonne and closing at its highest price since November 16. Promp...Read More
Gold's breakout moment is fast approaching.Lifting of one of market's biggest worries should encourage demand.Short interest continues to build, making short-covering rally likely.After being relegated to a narrow trading range for the last few months, gold now has its best chance in a while at decisively breaking out of this range. As I've emphasized in recent reports, gold's safety facto...Read More
Sumitomo Metal Mining Co and Sumitomo Corp have agreed to buy a 30% indirect stake in the company that owns the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile, according to its majority owner Teck Resources Ltd. The Teck board has also approved the QB2 project for full construction, with first production targeted for the second half of 2021. Teck will receive $1.2 billion for the s...Read More
The latest news and price moves to start the Asian day on Thursday December 6.Base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday December 5, with most of the three-month prices trading in narrow ranges while impervious to broad strength in the US dollar. Read more here in our live futures report.Here is how prices looked at the close of trading:Bra...Read More
• The commodity's intraday corrective slide, alongside a descending trend-channel, stalled near the $1233 region, with bulls now eyeing a follow-through up-move beyond $1240 level. • The mentioned channel, against the backdrop of the recent rally since late-Nov., constituted towards the formation of a bullish continuation - flag chart pattern on...Read More
The latest metal markets news and price moves to start the North American day on Wednesday December 5Base metals prices on the London Metal Exchange were mostly lower during morning trading, with downward pressure emerging from a stronger dollar index and trading worries.Here's how base metals prices looked at 12:08pm London time:Read our live futures report here. "Copper prices have been the hard...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday December 5. Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Wednesday, with risk sentiment deteriorating amid confusion over whether much progress was made during US-China trade talks this past weekend.Check Fastmarkets MB's live...Read More
Gold traded higher yesterday but hit resistance near the 1243 zone and then, it retreated to find support at around 1233. Although the precious metal has been printing higher peaks and higher troughs recently, it remains within the sideways range that has been containing most of the price action since the 11th of October, between 1212 and 1243. Thus, we will adopt a neutral stance for now. If the...Read More
Investing.com - Gold prices slipped on Wednesday in Asia as the dollar rebounded following a plunge on Wall Street overnight.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.5% lower at?EUR?$1,240.20?EUR?a troy ounce by?EUR?1:24 AM ET (05:24 GMT).?EUR?The U.S. dollar index that tracks the greenback against a basket of other currencie...Read More
Gold enters December in reasonable shape.The price holds $1200 despite new highs in the dollar index.The Fed Chairman gives a speech that is bullish for the yellow metal.The low came early in 2018; open interest tells us no one expects a significant move.Golden prospects for 2018 - NUGT will magnify results on a rally.Nearby February gold futures on the COMEX division of the CME settled at the $12...Read More
Gold futures climbed for a second straight session on Tuesday, with a weaker dollar helping to lift prices to their highest finish in more than five months. "With the dollar facing multiple headwinds in the form of falling U.S. Treasury yields and a Fed that seems to be adopting a dovish tone, this is all good news for zero-yielding gold," said Lukman Otunuga, research analyst at FXTM, in a daily...Read More
I explain how we use the Variable Changing Price Momentum Indicator to analyze markets.With the E-Mini S&P closing above 2,718, it confirms a bullish price momentum for the next week.The VC PMI also gives you the alternate trend that if the E-Mini price closes below 2,718, it would negate this average price bullish sentiment to neutral.With silver closing below $14.30, it confirms that the pri...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday December 5, with most of the three-month prices trading in narrow ranges while impervious to broad strength in the US dollar.Zinc's three-month price was the best performer over the afternoon, reaching an intraday high of $2,617.50 per tonne and closing at its highest price since November 16. Promp...Read More
Comex copper prices staged a modest recovery during morning trading on Wednesday morning in the US amid calmer market conditions after yesterday's major equity sell-off. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 0.30 cents to $2.7620 per lb. Despite optimism from the recent Group of Nations (G20) meeting in Argentina over the weeken...Read More
Seaborne iron ore prices rose on Wednesday December 5 on an uptick in the iron ore futures contract.MB 62% Fe Iron Ore Index: $67.38 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $66.65 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $71.21 per tonne cfr Qingdao, down by $0.19 per tonne.MB 58% Fe Premium Index: $61.85 per tonne...Read More
KINSHASA - Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed.Revenues from the hydrocarbons sector rose 1.4 percent over that same period to $120.11 million, according to the data seen by Reuters on Wednesday.The two sectors together ac...Read More
Altamira Gold Corp. (TSXV: ALTA) reported that it has submitted an application to expand to 300,000 hectares its land position at the Firminho project, located within the Alta Floresta Belt in Mato Grosso, west-central Brazil.Such expansion would be reached by adding new claims that occupy over 70,000 hectares and lie on the northern margin of the belt close to the contact with the sediments of th...Read More
Based on a 2012 exploration program that identified high-grade cobalt and vanadium at the Duddridge Lake project in Saskatchewan, Searchlight Resources (TSX-V: SRCH) decided to acquire the property located some 75 kilometers northwest of the town of La Ronge."With the increasing interest in battery technology utilizing both vanadium and cobalt, the Duddridge project represents an excellent project...Read More