Metals News Results

  • METALS-London copper rises as dollar weakens on U.S. inflation data

    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.

  • PRECIOUS-Gold flat near $1,800 as U.S. inflation data fuels uncertainty

    * 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.

  • PRECIOUS-Gold steady above $1,800 as U.S. inflation raises doubts on Fed taper timeline

    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.

  • PRECIOUS-Gold steadies as U.S. inflation miss clouds Fed taper bets

    * 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.

  • PRECIOUS-Gold treads water as U.S. inflation data looms

    * 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.

  • PRECIOUS-Gold prices subdued as investors await U.S. inflation data

    * 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.

  • METALS-Aluminium, nickel prices fall ahead of U.S. inflation data

    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 eyes new mines, not deals, for future growth

    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 eyes new mines, not deals, for future growth

    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.

  • PRECIOUS-Gold ekes out gains ahead of U.S. inflation data

    * Fed more focused on employment than inflation - analyst. * Palladium ticks up after hitting lowest level since August 2020. By Arundhati Sarkar. Gold prices rose on Monday in the run-up to the release of key U.S. economic data including readings on inflation that could dictate the path of Federal Reserve monetary policy.

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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.