Metals News Results

  • PRECIOUS-Gold firms on Evergrande risks; pre-Fed jitters cap gains

    * U.S. Federal Reserve's Open Market committee meets Sept. 21-22. * Silver, platinum hit lowest since November 2020. * Dollar at highest in a month. By Bharat Gautam. Gold rose on Monday as fears about the solvency of Chinese property group Evergrande sparked a flight to safe-haven assets, but gains were capped by strength in the dollar ahead of the U.S. Federal Reserve policy meeting.

  • PRECIOUS-Gold edges off 1-month low as Evergrande stokes risk aversion

    * Dollar rises to near one-month high. * Lower prices prompting some physical gold purchases - analyst. * Silver hits lowest since November 2020. By Arundhati Sarkar.

  • PRECIOUS-Gold hits over 1-month low as stronger dollar dents appeal

    * Silver hits lowest level since Nov 2020. * Platinum hits 10-month low of $907.50/oz. By Eileen Soreng. Gold prices hit a more than five-week low on Monday, as the dollar firmed with markets closely watching a U.S. Federal Reserve meeting for clues on when the central bank will start tapering its pandemic-era stimulus.

  • LBMA suspends Kyrgyz gold refinery over responsible sourcing failures

    The London Bullion Market Association said on Friday it had suspended its accreditation of a gold refinery in Kyrgyzstan for failing to meet its responsible sourcing standards. The LBMA said in June it had begun a review of the refiner, Kyrgyzaltyn JSC, "in response to issues concerning delivery and the potential for fraud." It gave no further details in that statement or on Friday.

  • PRECIOUS-Gold resumes retreat on dollar strength with all eyes on Fed

    * Dollar hits three-week peak. * Silver set for second week of declines. * Palladium down about 6% this week. By Arundhati Sarkar. Gold's slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, putting it on course for a second weekly dip with investors focused on the U.S. Federal Reserve's tapering strategy.

  • 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.

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