The yellow metal is getting off a weekly loss as bullion prices hit a strengthening US dollar. Gold was also affected by President-Elect Joe Biden’s stimulus, and relief spending plans that investors think lawmakers will not allow a large portion. In these unsettled times, where is the precious metal directed? February gold futures turned on …
The precious metal’s fall was increased by producer prices growing less than anticipated. But gold prices may have narrowed their losses following the Federal Reserve announced that it would not be exiting from its accommodative monetary management strategy anytime soon. February gold futures plunged $23.60, or 1.27%, to $1,827.80 per ounce at 15:39 GMT on …
After small profit-taking, investors start to make new bets to begin 2021, expecting the red metal to exceed gold this year. March copper futures elevated $0.0495, or 1.39%, to $3.614 per pound at 16:13 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Copper has sustained the drive from last …
COPPER INCREASES BY 1% WITHIN A LOWER U.S. DOLLAR Read More »
Gold is rallying principally on reiterated fiscal incentive and relief expectations, triggering inflation concerns. But a strengthening US dollar put a cover on the metals market. February gold futures rose $14.80, or 0.81%, to $1,850.10 per ounce at 15:55 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are coming …
February gold futures rose $48.20, or 2.54%, to $1,943.30 per ounce, at 12:42 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are logged their most extensive yearly performance since 2010, graduating about last year. Silver, the sister commodity to gold, is also pinning on the first trading session …
This pointed to a greater risk appetite in the wider financial markets, reducing the dollar and making metal commodities more affordable for foreign investors. February gold futures climbed $13.20, or 0.7%, to $1,896.40 per ounce at 13:43 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are getting off a weekly …
Silver Soared On Inflation Woes, While Gold Retested $1,900 Read More »
Gold price edged down after reports on Trump’s positive medical assessment circulated commodity news. The event added to the political uncertainty around the globe, only a month ahead of November elections happening in the world’s most powerful economy. The US leader is set for discharge today from Walter Reed National Military Medical Center. This is …
Oil Rises after OPEC’s Warning to Stick to Quotas Oil prices rose for a fourth day in a row in energy commodities on Friday. This has put crude on track for a weekly gain of about 10%. This comes after Saudi Arabia pressing allies to stick to production quotas and banks including Goldman Sachs predict …
Oil Rises after OPEC’s Warning to Stick to Quotas Read More »
The price of Rhodium has increased by 31% this month, matching its record since 2008. The precious metal is applied in autocatalysts and it is five times more expensive than gold. In the past four years, rhodium outperformed all major commodities since the demand from the automotive sector has increased. The metal is mined as …
Demand from the automotive sector is the largest platinum segment, accounting for around 40% of annual precious metal orders. The primary automotive use of platinum is in autocatalysts or ‘catalytic converters.’ These devices reduce harmful emissions from diesel vehicles with an internal combustion engine. Trends in the automotive sector strongly influence investor sentiment towards …
Challenges the auto industry faces for platinum demand Read More »
There is nothing that could make metals shine better than a benign dollar. Gold and silver prices are at an all-time high while the dollar is on a two-year low. The US Dollar Index fell by 0.52% to 93.365, with a forecasted GDP contraction at around 35%. Gold futures experienced a 0.19% hike, now at …
The Covid-19 pandemic has altered the forecasts made by various analysts, banks, and precious metal companies during the last months of 2019. MKS is a Swiss precious metals refinery PAMP parent company. It has just published a report with the revision of the forecasts made in January 2020. Frederic Panizzutti, its author and a managing …
MKS raises its forecasts for gold and silver prices Read More »
Gold moved to its highest level since 2012, fueled by concerns about the second wave of the coronavirus infections in the United States and Germany. In other news, the release of details about a proposed national security law from China caused a growing uncertainty in Hong Kong. Coronavirus cases increased in the United States, a …
Unstoppable gold in the face of new Covid-19 infections Read More »
After the decrease in the coronavirus cases, several countries eased lockdown. Positive economic indicators set up gold for a weekly drop. Besides, the escalated tensions between the US and China underpinned gold’s haven appeal. Spot gold prices were up 0.2 percent at $1,727.75 per ounce. US gold futures climbed 0.4 percent to $1,729.40. Since October …
At the end of 2019, the palladium market experienced a drop in supply by 950,000 ounces (29.54 Mt). Throughout the year, the metal’s price had been on the rise, until it reached a historical maximum. Besides, the demand for palladium has been historically high in the automotive sector. The PGM Market Report, published in major …
Russia – the world’s largest producer of palladium in 2019 Read More »
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