* Silver heads for first weekly gain in four. * Platinum down more than 1% * Gold up 1.3% so far this week. By Nakul Iyer. Gold prices edged off a two-week high on Friday, with a firmer dollar stalling the precious metal's rally after U.S. Federal Reserve Chair Jerome Powell reassured investors the central bank would remain accommodative for the time being.
* Silver heads for first weekly gain in four. * Dollar set for worst week since May. * Platinum down more than 1% By Brijesh Patel. Gold prices held firm near a two-week high on Friday, heading for their biggest weekly gains in more than two months after the U.S. Federal Reserve cemented investors hopes that interest rates are going to stay low for some time.
Shanghai aluminium prices rose on Friday, hovering near a 11-year high, on supply worries in China amid a fresh round of electricity restrictions in major producing province of Yunnan. The most-traded September aluminium contract on the Shanghai Futures Exchange closed up 2.6% at 20,085 yuan a tonne, near a January 2010 high of 20,530 per tonne.
* Silver heads for first weekly gain in four. * SPDR Gold ETF holdings rise 0.6% on Thursday. * Dollar set for its worst week since May. By Eileen Soreng.
Shanghai aluminium prices rose on Friday, and were set to notch a monthly gain, as power consumption limits imposed in a major Chinese production province sparked supply concerns. The most-traded September aluminium contract on the Shanghai Futures Exchange rose 2.2% to 19,995 yuan a tonne by 0333 GMT, heading towards a January 2010-high of 20,530 per tonne.
Gold prices held near a two-week high on Friday, and were set for their biggest weekly gain in more than two months, on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term. FUNDAMENTALS. * Spot gold was steady at $1,827.70 per ounce, as of 0053 GMT, after having hit its highest since July 15 at $1832.40 on Thursday.
Yamana Gold Inc (AUY): * YAMANA GOLD REPORTS SIGNIFICANT PROGRESS ON PHASE 2 EXPANSION AT JACOBINA AND STRONG EXPLORATION RESULTS FOR THE OPERATION; COSTS TO COMPLETE PHASE 2 SIGNIFICANTLY REDUCED COMPARED TO ORIGINAL ESTIMATE; PHASE 3 EVALUATION ADVANCING Source text for Eikon: Further company coverage:
* Dollar slips to one-month low. * Silver hits highest since July 19. * Gold's rally could be more sustained- analyst. By Nakul Iyer. Gold jumped more than 1% on Thursday as investors cheered U.S. Federal Reserve Chairman Jerome Powell's comments that the central bank was unlikely to hike rates anytime soon.
* Dollar slips to one-month low. * Silver hits highest since July 19. * Palladium, platinum rise 1% By Brijesh Patel. Gold prices rose more than 1% to a near two-week high on Thursday after U.S. Federal Reserve Chairman Jerome Powell reassured investors that a rate hike is not on the cards anytime soon, sending the dollar to multi-week lows.
London copper prices rose on Thursday as the dollar weakened after Federal Reserve Chairman Jerome Powell said rate increases were distant, making greenback-priced metals cheaper to holders of other currencies. The dollar slipped to multi-week lows in Asian trading on Thursday.
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