At least 13 people were killed and scores injured when a truck carrying explosives to a gold mine in western Ghana detonated, flattening a rural community, the police said on Friday. Smouldering timber and torn-up sheet metal marked where hundreds of houses had stood in Apiate, a settlement about 200 km west of the capital Accra.
* Silver on track for best week in one year, up over 6% * Palladium set for best week in nearly two years, up over 12% * Platinum set for its best week since June. By Kavya Guduru.
Copper climbed for a third
session on Friday, breaking above the $10,000 a tonne mark as
investors fled from a sliding stock market and sought protection
against rising inflation.
* Gold on track for second straight weekly rise. * Silver on track for best week in one year, up over 6% * Palladium eyes over 10% weekly jump. * Platinum set for its best week since June. By Swati Verma.
An explosion in Ghana's rural Western Region on Thursday razed hundreds of buildings and killed an unknown number of residents when a truck carrying explosives to a gold mine collided with a motorcycle. Unverified videos posted on local media showed a large, smouldering blast site in which buildings had been reduced to piles of wood, brick and twisted metal.
* All precious metals near two-month highs. * Supply concerns likely driving autocatalysts' rally- Commerzbank. * U.S. weekly jobless claims rose to 286,000. * FOMC scheduled to meet on Jan. 25-26. By Kavya Guduru.
The Baltic Exchange's dry bulk sea freight index fell for a tenth straight session on Thursday, touching its lowest level in about a year, on waning demand across all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 96 points, or 6.1%, to 1,474, its lowest since February 2021.
* All precious metals near two-month highs. * Palladium rallies on supply concerns. * SPDR Gold ETF holdings jump 0.5% * FOMC scheduled to meet on Jan. 25-26. By Seher Dareen. Gold held near two-month highs on Thursday, buoyed by worries surrounding inflation and tensions over Ukraine, which also helped palladium extend its rally given concerns about supply of the autocatalyst metal from Russia.
* Global auto recovery to underpin palladium prices- Citi. * Markets eye Fed's Jan. 25-26 meeting. * Gold may trade in $1,800-$1,840 range until FOMC meeting- analyst. By Kavya Guduru. Gold rose more than 1% on Wednesday as a retreat in the dollar and geopolitical tensions surrounding Ukraine burnished safe-haven bullion's appeal, sparking a rally in precious metals.
Nickel prices on Wednesday shot
to their highest since 2011 as a supply shortage forced traders
to pay huge premiums to get their hands on metal.
Benchmark nickel on the London Metal ...
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