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Metals News Results

  • Argonaut Gold reports contractor death at Canadian gold mine

    Canadian gold miner Argonaut Gold Inc (ARNGF) on Tuesday reported the death of a contractor following an "isolated incident" at its Magino Project in northern Ontario. The company is working with authorities to investigate the cause of the accident, and will provide additional information as it learns more, it said.

  • METALS-Copper rally stalls as COVID spreads in China

    Copper edged lower on Tuesday as rising COVID-19 cases and weak factory activity in China put the brakes on a rally that took prices to a five-month high on Monday. Copper surged more than 10% in the first two weeks of November as expectations for an easing of Chinese COVID controls and slower U.S. interest rate rises fuelled hopes that economic growth and metals demand would improve.

  • PRECIOUS-Gold scales 3-month peak on softer dollar, hopes of smaller Fed hikes

    * Specs trim net short positions in COMEX gold. * Dollar drops to three-month low. * Silver hits five-month peak. By Brijesh Patel. Gold prices rose to a three-month high on Tuesday, supported by a weaker dollar amid hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes going forward.

  • PRECIOUS-Gold hovers near 3-month high on hopes of smaller Fed hikes

    Gold hovered near a three-month high on Tuesday, as a top U.S. central bank official's comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes, while a stronger dollar kept gains in check. FUNDAMENTALS. * Spot gold was steady at $1,770.70 per ounce, as of 0122 GMT, after hitting its highest since Aug. 17 in the previous session.

  • Elliott raises stake in Pinterest; adds Clarivate, Cardinal Health to portfolio

    - Hedge fund Elliott Investment Management raised its stake in social media platform Pinterest (PINS) while adding Clarivate Plc, Cardinal Health (CAH) and Triple Flag Precious Metals Corp (TFPM) to its portfolio, a regulatory filing showed on Monday. The stakes disclosed in the so-called 13-F quarterly filing are as of Sept. 30.

  • Elliott raises stake in Pinterest; adds Clarivate, Cardinal Health to portfolio

    Hedge fund Elliott Investment Management raised its stake in social media platform Pinterest (PINS) while adding Clarivate Plc, Cardinal Health (CAH) and Triple Flag Precious Metals Corp (TFPM) to its portfolio, a regulatory filing showed on Monday. The stakes disclosed in the so-called 13-F quarterly filing are as of Sept. 30.

  • Protesters in Peru break into Hochschild mine, cause interruptions

    Residents of an Andean community in Peru broke into Hochschild Mining Plc's Inmaculada gold and silver mine, the company said on Saturday, causing interruptions and putting the safety of its workers at risk.

  • LME will not ban Russian metal from its system

    The London Metal Exchange said on Friday it will not ban Russian metal from being traded and stored in its system because a significant portion of the market is still planning to buy the country's metal in 2023. Russia is a major producer of aluminium and nickel.

  • PRECIOUS-Gold heads for best week in over 2 yrs on smaller rate hike hopes

    * Dollar index set for biggest weekly fall since March 2020. * Platinum heads for biggest weekly gain since February 2021. * Gold will likely reach $1,800 - analyst. By Arundhati Sarkar. Gold prices were headed for their best week in more than two years after extending gains on Friday as signs of cooling inflation raised hopes that the Federal Reserve might temper its hawkish policy.

  • PRECIOUS-Gold soars over 2% as U.S. inflation data cements Fed slowdown bets

    * Platinum rallies to highest since March. * Dollar slumps to two-month low. * U.S. 10-year bond yields at one-month low. By Brijesh Patel. Gold prices rallied over 2% on Thursday to a more than two-month high as data showed U.S. inflation cooled off a bit in October, lifting hopes that the Federal Reserve would adopt a less aggressive approach to rate hikes.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.