Metals News Results

  • PRECIOUS-Gold extends slide on U.S. retail sales surprise, higher yields

    * Silver on track for best week in seven. * U.S. retail sales rose 0.7% in September. * Gold snaps three-session rally. By Bharat Gautam. Gold prices fell on Friday as a rebound in U.S. bond yields and a surprise increase in September retail sales dented bullion's safe-haven status. Spot gold fell 1.5% to $1,768.80 per ounce by 11:47 a.m. EDT. "Gold has everything going against it.

  • METALS-Copper heads for best week since 2016, zinc rockets

    Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. A rapid rise in the cost of energy and shortages of power in China have already forced zinc and aluminium smelters to cut output, pushing prices of both metals to their highest in more than a decade.

  • PRECIOUS-Gold slips as U.S. bond yield rebound dims appeal

    * Silver on track for best week in seven. * U.S. retail sales due at 1230 GMT. By Nakul Iyer. Gold prices fell on Friday as U.S. bond yields rebounded, though a subdued dollar helped put the precious metal on track for its best week since late August. Spot gold fell 0.8% to $1,780.76 per ounce by 1101 GMT.

  • PRECIOUS-Gold eyes best week since early May on softer dollar

    * Fed unlikely to raise rates sooner than signalled- analyst. * Silver on track for best week in seven. By Eileen Soreng. Gold was set on Friday for its best week in nearly five months, with a weaker U.S. dollar lifting its appeal despite a looming Federal Reserve stimulus taper. Spot gold eased 0.2% to $1,792.54 per ounce by 0609 GMT, but was up 2% for the week so far.

  • PRECIOUS-Gold poised for best week since early May as dollar, yields ease

    Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal's appeal despite a looming Federal Reserve taper. FUNDAMENTALS. * Spot gold held steady at $1,794.09 per ounce by 0115 GMT but was up 2.1% for the week so far.

  • Turquoise Hill raises funding estimate for Mongolia mine by $1.2 bln

    Canadian miner Turquoise Hill Resources Ltd (TRQ) said on Thursday the estimated additional funding required for the Oyu Tolgoi mine in Mongolia was now $1.2 billion higher than previously expected due to some delays. Oyu Tolgoi, one of the world's largest copper-gold-silver mines, was at the center of a long-running funding spat between Rio Tinto, and Turquoise.

  • PRECIOUS-Gold rises to one-month high on dollar, yields retreat

    * U.S. initial weekly jobless claims fall. * Gold faces resistance at $1,800/oz and $1,835/oz -analyst. * Fed could start reducing stimulus by mid-Nov. - minutes. By Bharat Gautam. Gold touched a one-month high on Thursday, as a dip in the dollar and U.S. bond yields allowed investors to turn to bullion as an inflation hedge.

  • BRIEF-Barrick Gold Corp Set To Achieve 2021 Production Targets

    Barrick Gold Corp (GOLD): * BARRICK SET TO ACHIEVE 2021 PRODUCTION TARGETS. * Barrick Gold Corp (GOLD) - REPORTED PRELIMINARY Q3 SALES OF 1.07 MILLION OUNCES OF GOLD AND 101 MILLION POUNDS OF COPPER. * Barrick Gold Corp (GOLD) - PRELIMINARY Q3 PRODUCTION OF 1.09 MILLION OUNCES OF GOLD AND 100 MILLION POUNDS OF COPPER. * Barrick Gold Corp (GOLD) - REMAINS ON TRACK TO ACHIEVE 2021 GUIDANCE.

  • Barrick's gold output rises nearly 5% sequentially on Argentine mine boost

    Miner Barrick Gold Corp, on Thursday reported a nearly 5% rise in third-quarter gold production from the previous three months, as output jumped at its Veladero mine in Argentina. Barrick, the world's second-largest gold miner by reserves, also reiterated its annual output forecast, saying that fourth-quarter production was set to be the strongest of the year.

  • Barrick third-quarter gold output rises nearly 5%

    Miner Barrick Gold Corp, on Thursday reported a nearly 5% rise in third-quarter production from the previous three months, helped by improved performance at its Veladero mine in Argentina. Total preliminary gold production rose to 1.09 million ounces in the three months ended Sept. 30, from 1.04 million ounces in the previous quarter.

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