Metals News Results

  • PRECIOUS-Gold edges higher as softer dollar, Gulf tensions lend support

    * Spot gold stuck in narrow range of $1,488-$1,514/oz -technicals. * Palladium scales record peak of $1,646.81/oz. * Dollar gives up gains against most major currencies. By Eileen Soreng.

  • Crude Rebounds on Renewed Concerns About Saudi Production

    Oil prices rose Thursday, highlighting fresh signs of pressure on Saudi Arabian output after weekend attacks on one of the kingdom's largest oil facilities. Brent crude, the global gauge of prices, rose 1.3% to end the day at $64.40 a barrel. Both Brent and U.S. crude prices climbed earlier in the day after The Wall Street Journal reported that Saudi Arabia is reaching out to foreign producers to import crude and other petroleum products.

  • BRIEF-Kaiser Aluminum Corp Announces Appointment Of Leo Gerard To Its Board

    Kaiser Aluminum Corp (KALU): * KAISER ALUMINUM CORPORATION ANNOUNCES APPOINTMENT OF LEO W. GERARD TO ITS BOARD OF DIRECTORS. * Kaiser Aluminum Corp (KALU) - BOARD OF DIRECTORS INCREASED NUMBER OF AUTHORIZED MEMBERS OF ITS BOARD OF DIRECTORS FROM 11 TO 12.

  • Gold marks first loss in 4 sessions

    Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year. "The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the market testing summer highs is putting a damper on the fear trade," and haven demand for gold.

  • PRECIOUS-Gold gains support from weaker dollar after less-dovish Fed

    * Dollar lower, gives up overnight gains. * U.S., Gulf allies discuss possible response to Saudi attack. * U.S., Chinese trade deputies to resume talks on Thursday. By Asha Sistla.

  • Anglo Asian's H1 Azerbaijan gold output rises 3.3% yr/yr

    Azerbaijan's leading gold mining company, Anglo Asian Mining (AGXKF), said on Thursday its gold output rose 3.3% year-on-year in the first half of 2019 to 34,349 ounces from 33,255 ounces. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.

  • METALS-LME copper declines on weak demand and a guarded Fed

    * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. * Premium for cash over 3-month nickel flares out. By Pratima Desai. Copper prices eased on Thursday as the market focused on weak demand in top consumer China and a meeting in Washington between Chinese and U.S. officials aimed at resolving a prolonged trade dispute.

  • Gold Price Reverses Gains As Rate Outlook Gets Less Clear

    Gold prices reversed gains in aftermarket trading Wednesday, after the Federal Reserve cut interest rates but signaled that officials were divided on how much to ease policy in coming months. Gold for December delivery was down 0.8% at $1500.80 a troy ounce in late afternoon electronic trading in New York. Prices had closed up 0.2% at $1,515.80 a troy ounce on the Comex division of the New York Mercantile Exchange.

  • Gold futures settle higher, then move lower after Fed decision

    Gold futures finished with a modest gain on Wednesday, logging a third straight session climb, then moved lower in electronic trading after the U.S. Federal Reserve cut the fed funds interest rate by a quarter point to 1.75%-2%. Dollar Index inched higher after the decision, weighing on dollar-denominated prices for the yellow metal.

  • Gold ends higher, heads lower in electronic trade after Fed cuts key interest rate

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Gold still seen in overall three month uptrend. Gold futures ended higher Wednesday for a third session in a row, then moved lower in electronic trading after the Federal Reserve announced a quarter-percentage point cut to a key interest rate, lifting the dollar and pressuring prices for the dollar-denominated yellow metal.

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