* Platinum hits an over nine-month low of $925.50/oz. * Bearish pressure on silver losing strength - analyst. By Brijesh Patel. Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve's tapering timeline.
Copper prices in London climbed on Wednesday as the dollar came under pressure after data showed a tamer-than-expected rise in U.S. inflation, leading to uncertainty over the U.S. Federal Reserve's timeline to taper its monetary stimulus. A weaker dollar supports metals prices by making greenback-priced commodities cheaper for holders of other currencies.
* Platinum hits an over nine-month low of $925.50/oz. * Spot gold may fall to $1,792/oz - technicals. By Eileen Soreng. Gold held flat above the key psychological level of $1,800 on Wednesday, after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank would begin tapering its asset purchases.
Gold prices held above the key psychological level of $1,800 as the dollar and bond yields came under pressure after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank will begin tapering its asset purchases. FUNDAMENTALS.
* U.S. overall CPI up 0.3% in August. * Supply chain weakness affecting platinum, palladium demand - analyst. By Bharat Gautam. Gold steadied on Tuesday, shaking off initial declines as the dollar retreated after a slower-than-expected rise in U.S. inflation cast doubts over the U.S. Federal Reserve's tapering timeline.
* U.S. consumer price data due at 1230 GMT. * Softer inflation data could hurt gold- analyst. By Nakul Iyer. Gold prices were subdued on Tuesday with investors setting their sights on U.S. consumer price data that could offer clues on when the Federal Reserve decides to temper its economic support.
* Spot gold may retest resistance at $1,798/oz - technicals. * Holdings of SPDR Gold Trust rose 0.2% on Monday. * U.S. consumer price data due at 1230 GMT. By Eileen Soreng. Gold prices were little changed on Tuesday, as investors awaited key U.S. inflation data that could offer cues on the Federal Reserve's decision to taper stimulus measures meant to aid economic recovery from the pandemic.
Shanghai aluminium and nickel prices fell on Tuesday, as investors exercised caution ahead of key U.S. inflation data and reduced exposure after a supply shortage-driven rally in both metals earlier this month. The most-traded October aluminium contract on the Shanghai Futures Exchange fell 3% to 22,660 yuan a tonne at 0355 GMT, retreating after eight straight sessions of gains.
Barrick Gold Corp Chief Executive Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company's sagging stock price.
Barrick Gold Corp Chief Executive Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company's sagging stock price.
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