Key data for the pricing session for the week ending Friday November 2.China Domestic ferro-chrome spot prices dropped as the influence of lower tender prices permeated into the market.UG2 chrome ore prices fell with buyers remaining cautious in expectation of lower prices in the near future.A...Read More

The proposed Barrick/Randgold merger, assuming it is implemented, will likely lead to a positive re-rating of the whole sector.Randgold's management has been brought in by Barrick in an attempt to change the latter's management philosophy for the better.Barrick shareholders may not be happy with a greater involvement in Africa, but Randgold has seen over a decade of virtually uninterrupted...Read More

The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More

Good morning from Fastmarkets MB's offices in Asia, bringing the latest news and pricing stories on Friday November 2. Base metals prices on the Shanghai Futures Exchange were largely supported by positive sentiment during Asian morning trading, after the Chinese authorities pledged preemptive and prompt actions on...Read More

The latest news and price moves to start the Asian day on Friday November 2.Comex copper prices in New York, like most base metals on the London Metal Exchange, mostly recovered on Thursday November 1, with a weaker dollar providing support to the complex. Read more in our live futures report.Here are how prices looked at the close of trading:A 10-year low in LME zinc stock volumes...Read More

Markets US China trade deal US jobs report Gold and oil Encouraging rebound for stock markets The prospect of a trade deal between the US and China is providing a major boost to the markets on the final trading day of the week. The week got off to a shaky start following a dreadful October which very much lived up to its reputation. What’s come since is exactly what the doctor orde...Read More

Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market.   Will the US Mid-Term Elections Boost Gold? Elections are approaching the US again. Two years after Dona...Read More

Metal Bulletin reviews the major stories that have affected the steel market during the week ended November 2.Raw Materials Xcoal Energy & Resources has exported the first cargo of Baralaba low-vol pulverized coal injection from the Baralaba North mine in Queensland, Australia.BHP is counting on India and China to drive demand for steelmaking raw materials in the year ahead, and expects the struct...Read More

Fastmarkets rounds up some of the key news and price moves across the global metals markets this week.Base metalsA massive backwardation on copper forward price spreads on the London Metal Exchange has collapsed after market tightness eased thanks to delivery of 44,950 tonnes of metal into exchange-listed warehouses.Brazilian multi-metals producer Nexa Resources has maintained its production and s...Read More

   •  The precious metal managed to rebound from 50% Fibonacci retracement level of the $1180-$1243 recent upsurge on Wednesday, though struggled to build on the overnight upsurge following the release of upbeat NFP report.    •  However, technical indicators on hourly/daily charts have been holding in bullish territory and support prospects for an extension...Read More

Published 22 Hours AgoUpdated6 Hours AgoReuters Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks.Spot gold was down 0.03 percent at $1,232.40 per ounce. The bullion was down 0.1 percent this week.U.S. gold futures settled down $5.3, or 0.43 percent, at $1,233.30.The dollar ind...Read More

Gold appears to be an attractive investment during the next few years.A larger degree corrective rebound is probably unfolding.Another spike below the August 2018 lows seems likely to start a bigger rally.Introduction Gold appears to be an attractive investment during the next few years. Technical analysis and sentiment indicators lead to this conclusion. However, the Elliott wave framework sugges...Read More

If Brexit - the departure of the United Kingdom from the European Union on March 29, 2019 - isn't on your radar, it should be. With the annual London Metal Exchange Week now in full swing, the exchange, its members and their customers need to have contingency plans in place if they are expecting to be affected in any way by Brexit. And as with anything political, an element of brinkmanship will na...Read More

   •  Easing USD bearish pressure/risk-on mood fails to provide fresh impetus.   •  The latest US monthly jobs report might help determine the near-term trajectory. Gold held steady through the early European session on Friday and was seen consolidating overnight strong upsurge to fresh weekly tops.  After falling for three days in a row, the precious m...Read More

The USD, gold's biggest nemesis, took a beating yesterday. As a result, the yellow jumped from $1,214 to $1,237. As of writing, it is trading at $1,232/Oz and has created a falling wedge pattern on the 15-minute chart. A break above the upper edge of the wedge, currently at $1,233, would signal a resumption of the rally and open up upside toward $1,250. On the way higher, the metal may encoun...Read More

When the London Metal Exchange finished its 12-step warehouse reform package, it proved once more that you cannot please all of the people all of the time. It faced some inevitable criticism of the rules, in particular that the LME went too far in certain areas and should consider tweaking or rolling back some of its reforms. In particular, the focus of attention was on the load-in, load-out (LILO...Read More

Silver's bottoming process looks a lot like that of 2001 to 2003, and once the dollar begins to decline, here's what will happen to the price of silver...by Hubert Moolman of HubertMoolman.wordpress.comSilver Bottoming Almost CompleteThe current silver bottoming process is very similar to that of 2001 to 2003. It took a while for silver to establish a base which set up the bull rally in the fol...Read More

For one week, Shanghai, China's economic center, will become the center of the global copper industry - representatives from miners, consumers, banks and brokers will convene for the annual Cesco Week. The week is centred on the Cesco dinner on Thursday November 15 evening - to be attended by some 2,000 guests - but there are a host of other well-established functions. The following details the ke...Read More

Base metals prices on the London Metal Exchange were collectively higher at the close of trading on Friday November 2, ending the week stronger despite continued stock outflows and broad strength in the US dollar index.An easing of the trade tensions between the United States and China fueled the price rallies, with the three-month copper price topping the gains and reaching an intraday high of $6...Read More

CLICK ON CHART TO ENLARGEThe long-term trend for Commodities, Gold, Silver, Copper & Miners remains down at this time. Could the long-term bear trends be coming to an end? Possible!This chart looks at the Australian Dollar where it highlights that the AU$ has spent the majority of the past 30-years inside of the blue shaded rising channel. The correlation between the AU$ and commodities has remai...Read More