Metals News Results

  • Canadian dollar clings to weekly gain as China injects liquidity

    The Canadian dollar edged higher against its U.S. counterpart on Friday as the central bank of top commodity consumer China moved to calm markets, while Canada's 10-year yield climbed to a five-week high. Copper prices rose after the People's Bank of China infused liquidity to ease nerves caused by property giant China Evergrande Group's debt woes.

  • PRECIOUS-Gold stabilises but still shaky as Fed meeting looms

    * Dollar holds close to near three-week peak. * Silver set for second week of decline. * Palladium down 4% this week. By Arundhati Sarkar. Gold recouped some losses on Friday after a drop of nearly 3% in the last session, but a firm dollar kept bullion on course for a second weekly decline with the focus still on next week's Federal Reserve meeting.

  • PRECIOUS-Gold set for second weekly loss as firmer dollar dents appeal

    Gold prices were set for a second weekly loss as a firmer dollar dented the metal's allure for holders of other currencies while investors await a key U.S. Federal Reserve meeting for clues on how soon the central bank will start to taper stimulus. FUNDAMENTALS. * Spot gold was flat at $1,754.86 per ounce, as of 0037 GMT on Friday.

  • PRECIOUS-Gold hastens retreat as dollar jumps on U.S. retail sales boost

    * Palladium sole gainer, up over 2% * Silver sees biggest daily fall since February. * Strong retail data strengthens tapering narrative - analyst. By Arundhati Sarkar. Gold slid nearly 3% on Thursday and silver lost 5% as strong U.S. retail sales data boosted the dollar and gave more ammunition to bets that the Federal Reserve may hasten its tapering.

  • Japan buyer agrees to pay Q4 aluminium premium of $220/T, 19% higher than Q3

    A Japanese aluminium buyer has agreed to pay a global producer a premium of $220 per tonne over the benchmark price for shipments in October to December, up 19% from the current quarter, two sources directly involved in the pricing talks said. The figure is higher than the $185 per tonne paid in the July-September quarter and marks a fifth consecutive quarterly increase.

  • PRECIOUS-Gold dips as dollar firms, investors eye clues on U.S. cenbank move

    * Holdings of SPDR Gold Trust fell 0.2% on Wednesday. * Gold prices need to break above $1,835 to trigger rally-analyst. By Eileen Soreng. Gold prices eased on Thursday as a firmer dollar dented the metal's allure for holders of other currencies, while investors awaited the U.S. Federal Reserve's meeting for guidance on its timeline for stimulus withdrawal and interest rate hikes.

  • PRECIOUS-Gold slips off $1,800 pivot; investors seek direction from Fed

    * Platinum hits an over nine-month low of $925.50/oz. * UBS lowers palladium price forecast to $2,000/oz. * Gold prices likely to remain choppy ahead of FOMC meet - analyst. By Arundhati Sarkar.

  • METALS-Copper prices climb on weak U.S. inflation

    Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened expectations for stimulus to be tapered soon, while aluminium was powered by further cuts to production in China. Three-month copper on the London Metal Exchange rose for the first time this week, climbing 1.7% to $9,601 per tonne by 1426 GMT.

  • PRECIOUS-Gold eases into tight range near $1,800 on taper uncertainty

    * 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.

  • Zambia Half-Year Copper Output Fell 4%

    Zambia's copper production dropped 4% in the first six months of the year as some miners in Africa's second-largest producer of the industrial metal struggled with operational disruptions, the Ministry of Mines and Minerals Development said Wednesday. January to June production fell to 393,114 metric tons from 407,807 tons produced in the same period last year. The production drop dampens Zambia's prospects of raising copper output above 900,000 tons this year.

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