By Stefan GleasonGold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.Metals investors who want to hold...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans - is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated in Octob...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on...Read More
Chemesis International Inc. (CSI:CSE)(CADMF:NASDAQ), has made a bold and strategic move by acquiring 100% of La Finca Interacviva-Arachna Med.La Finca has access to over 1000 acres of outdoor cultivation land and is aggressively exploring opportunities to expand. Currently, La Finca has relationships with over 2,000 farming families across Colombia through various co-ops that comprise its land pac...Read More
Chinese export prices for ferro-vanadium and vanadium pentoxide have held steady over the past week due to lackluster activity, with domestic prices remaining more favorable, while the European markets continued to gain strength on increased activity, closing the gap to the Chinese market. Chinese export prices stall amid favorable domestic market EU FeV prices up slightly on increased consumer ac...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 6.Please click...Read More
Base metals futures prices on the London Metal Exchange fell sightly on Tuesday November 6 while uncertainty continued about the outcome of the mid-term elections in the United States and that country's trade relations with China.On Tuesday, three-month nickel was the only price to trade in positive territory, at $11,775 per tonne, up by $25 per tonne from Monday's closing price of $11,750 per ton...Read More
Gold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis. Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal. Metals investors who want to hold the most concentr...Read More
Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow have decreased over the past week, reflecting a slowdown in demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was 40,000-40,500 roubles ($604-612) per tonne cpt Moscow on Tuesday November 6, including 18% VAT. This was down from 41,000-41...Read More
Gold enjoyed a 2% rally last month amid a pretty volatile October.Speculators hold a very small net long position in Comex gold, CFTC data shows. ETF investors boosted their gold holdings, albeit at a moderate pace, according to FastMarkets.Although October lived up to its reputation for risk assets, investors did not rush into gold.Given the Fed's determination to tighten its policy, investors ar...Read More
The latest news and price moves to start the Asian day on Wednesday November 7.Base metals futures prices on the London Metal Exchange fell again on Tuesday November 6 while uncertainty continued about the outcome of the midterm elections in the United States and that country's trade relations with China. Read more in our live futures report.Here are how prices looked at the close of trading:Brazi...Read More
The latest metal markets news and price moves to start the North American day on Tuesday November 6.London Metal Exchange base metal prices were little changed in morning trading on Tuesday November 6, with the market pausing for direction after taking heavy losses on Monday.Three-month copper price is down $13 against yesterday's 5pm closing price at $6,118 per tonne, while aluminium futures are...Read More
The outcome of today's US midterm elections will have a significant impact on US politics over the next two years, while it could also have implications for the economy and, in turn, stocks and the dollar, as the ease with which Donald Trump will be able to pass meaningful economic policies in the remaining two years of his first term as President is at stake. By extension, gold, which is pric...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans – is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated i...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday November 6.Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday November 6, with those of aluminium, nickel and zinc benefiting from President Xi's announcement of plans to add new free trade zones in Shanghai.Check Fastmarket MB's live...Read More
As reported by Bloomberg, fund managers are cautioning against hoping that the US mid-term elections, which drop late Tuesday, could see a revival spark in Gold prices. Key highlights According to Franklin Templeton Investment's Stephen Land, concerns that the US Federal Reserve will pick up their pace of rate hikes will far overshadow any short-term action from the US midterm elections,...Read More
• Cautious mood underpins safe-haven demand and helps gain positive traction. • Subdued USD price action, ahead of the US midterm elections, remains supportive. • Fed rate hike expectations might keep a lid ahead of Thursday’s FOMC decision. Gold reversed an early dip to sub-$1230 level and is now holding with modest...Read More