Metals News Results

  • 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.

  • PRECIOUS-Gold dips as dollar firms, investors eye clues on U.S. cenbank move

    * Holdings of SPDR Gold Trust fell 0.2% on Wednesday. * Gold prices need to break above $1,835 to trigger rally-analyst. By Eileen Soreng. Gold prices eased on Thursday as a firmer dollar dented the metal's allure for holders of other currencies, while investors awaited the U.S. Federal Reserve's meeting for guidance on its timeline for stimulus withdrawal and interest rate hikes.

  • PRECIOUS-Gold slips off $1,800 pivot; investors seek direction from Fed

    * 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.

  • METALS-Copper prices climb on weak U.S. inflation

    Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened expectations for stimulus to be tapered soon, while aluminium was powered by further cuts to production in China. Three-month copper on the London Metal Exchange rose for the first time this week, climbing 1.7% to $9,601 per tonne by 1426 GMT.

  • PRECIOUS-Gold eases into tight range near $1,800 on taper uncertainty

    * 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.

  • Zambia Half-Year Copper Output Fell 4%

    Zambia's copper production dropped 4% in the first six months of the year as some miners in Africa's second-largest producer of the industrial metal struggled with operational disruptions, the Ministry of Mines and Minerals Development said Wednesday. January to June production fell to 393,114 metric tons from 407,807 tons produced in the same period last year. The production drop dampens Zambia's prospects of raising copper output above 900,000 tons this year.

  • 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.

Search News

Filter Results

Publication Date
Topic
Provider

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.