BERLIN/LONDON (Reuters) - Stymied at home by Democrats determined to subvert his domestic agenda, President Donald Trump could double down on his disruptive foreign policy in the years ahead, with conflicts over trade a particular concern, politicians, diplomats and analysts in Europe said.Democrats wrested control of the U.S. House of Representatives from Trump’s Republicans in midterm elec...Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
TALLAHASSEE, Fla. (Reuters) - Democrats won governorships on Tuesday in several U.S. states that supported Republican President Donald Trump in 2016 but lost high-profile races in Florida and Ohio, as voters cast ballots in dozens of gubernatorial contests across the country.The hotly contested race in Georgia, where Democrat Stacey Abrams was seeking to become the first black woman to be elected...Read More
(Reuters) - U.S. stocks were on course to open higher on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome.After an initial muted market reaction globally, futures for the three major Wall Street indexes powered higher along with global stocks, while the dollar fell on fading ho...Read More
CloseGain/LossGold $1226.30-$0.10Silver$14.56+$0.04XAU65.59-1.09%HUI145.87-1.33%GDM538.78-0.48%JSE Gold1113.84-23.48USD96.12-0.16Euro114.42+0.26Yen88.27+0.04Oil$61.67-$0.5410-Year3.222%+0.003T-Bond137.25-0.1875Dow26180.30+2.13%Nasdaq7570.75+2.64%S&P2813.89+2.12% The Metals: Gold gained $9.50 to $1235.90 in London, but it then dropped back to as low as $1225.40 in New York and ended with a...Read More
- Gold ETFs saw inflows in volatile October as investors again hedged risk- Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows- Global gold demand was robust in Q3 - demand of 964.3 tonnes - plus 6.2t yoy- Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3- Central bank gold reserves grew 148.4t i...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday threw his support behind top House Democrat Nancy Pelosi, saying she ought to be U.S. House Speaker, one day after Democrats won enough seats in the midterm congressional election to take control of Congress’ lower chamber.“In all fairness, Nancy Pelosi deserves to be chosen Speaker of the House by the Democrats. If they g...Read More
The Wednesday Market Minute Global stocks build gains as polls project that Democrats will take control of the House of Representatives for the first time since 2010 while Republicans extend their Senate majority.U.S. dollar slides in overnight trading as "split" Congress suggests some of President Donald Trump's expansionary fiscal policies could be shut down by rival lawmakers.Asia stocks book...Read More
(Kitco News)- Pan American Silver Corp.(Nasdaq: PAAS, TSX: PAAS), the world’s second-largest primary silver producer,late Tuesday reported that it flipped to a loss in the third quarter, hurt bylower metals prices and their impact on “net realizable value” inventory adjustments.The adjusted loss was listedat $4.7 million, or 3 cents per share, impacted by approximately $23.4 mill...Read More
(Kitco News)- B2Gold Corp. (TSX: BTO,NYSE American: BTG, NSX: B2G), which bills itself as the newest senior goldproducer, late Tuesday reported a sharply higher adjusted profit in the thirdquarter as output soared from a year ago after the opening of the Fekola Minein Mali in 2017.The company generatedadjusted net income of $45 million, or a nickel per share, compared to $14million, or a penny, a...Read More
Gold futures declined on Friday after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with a modest loss. Gold for December delivery GCZ8, -0.16% fell $5.30, or 0.4%, to settle at $1,233.30 an ounce. It ended the week roughly 0.2% lower, according to FactSet data. On Thursday, gold settled at a more than three-month high, up 1.9% as the U.S....Read More
Turkish steel producers continued their deep-sea scrap purchases on Wednesday November 7, with prices remaining largely stable, according to market sources.A steel mill in the Iskenderun region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) at $330 per tonne, 3,000 tonnes of shredded at $340 per tonne and 7,000 tonnes of bonus at $345 per tonne cfr.Another steel producer in t...Read More
WASHINGTON (Reuters) - Donald Trump faced greater restraints on his presidency after Democrats won control of the U.S. House of Representatives and pledged to hold the Republican accountable after a tumultuous two years in the White House.Trump and his fellow Republicans expanded their control of the U.S. Senate in Tuesday’s midterm elections, following a divisive campaign marked by fierce c...Read More
WASHINGTON (Reuters) - Now that the Democrats have won control of the U.S. House of Representatives, they need to choose a leader and that means solving one of their toughest puzzles: Nancy Pelosi.A contest among the Democrats for the House’s top job of speaker will play out over the next 10 weeks or so, with the formidable 78-year-old San Francisco liberal at the center.Pelosi has been clea...Read More
Exploration activities at the Pebble Project in Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] shares rallied Wednesday November 7 after the company released a statement saying Alaska voters have elected a pro-development candidate in the U.S. mid-term elections.The inference is that the election of new Governor, Republican Mike Dunleavy, is good n...Read More
Property map of the BTU Metals Dixie Halo Project, Red Lake area, Ontario. Source: BTU Metals Corp.BTU Metals Corp. [BTU-TSXV] shares were active Wednesday November 7 after the company said it has commenced a drone survey over certain areas of the Dixie Halo Project in the Red Lake, Ontario mining district.BTU is attracting investor attention because Dixie Halo adjoins the northern and eastern bou...Read More
(Reuters) - U.S. stock futures pointed to strong opening gains for Wall Street on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome.After an initial muted market reaction globally, futures for the three major Wall Street indexes powered higher along with European stocks, while t...Read More
Comex copper prices inched higher during morning trading in the US on Wednesday November 7 with a persistently softer dollar lending support amid a lack of other market catalysts. The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.75 cents to $2.74 per lb. "In the broader macroeconomic environment, downside price risks are likely...Read More