* Palladium set for best day in 18 months. * Fed expressing growth concern could be gold positive - analyst. * Evergrande domestic debt deal calms immediate contagion concern. By Bharat Gautam.
The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 150 points, or 3.4%, to 4,560, its highest since November 2009.
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.
Copper prices bounced on Tuesday as investors cautiously dipped back into a market shaken by worries that troubles at China's debt-laden Evergrande Group could seep into the global economy. Three-month copper on the London Metal Exchange had gained 0.7% to $9,099 a tonne by 0930 GMT after hitting its lowest since Aug. 20 on Monday at $8,975.
Ecuador expects four major mining projects to start production by the end of President Guillermo Lasso's first term in 2025, as the conservative leader seeks to diversify the economy before oil exports, the natural resources ministry said on Friday.
* 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.
* 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.
The Baltic Exchange's main dry bulk sea freight index rose for a fifth straight session on Wednesday to its highest level in more than two weeks, on gains in panamax and supramax rates. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 12 points at 4,233, its highest since Aug. 27. * The capesize index dropped 37 points, or 0.6%, to 6,437.
* 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.
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