Stocks of gold held in vaults in New York registered with CME Group's Comex exchange have jumped to 15.9 million ounces, the most since at least 2002, as a large price premium sucks bullion to the city. Gold futures on Comex leaped above London spot prices two weeks ago after coronavirus control measures shut down air travel and several major precious metals refineries.
Gold prices fell on Tuesday, retreating
from a one-month high hit earlier in the session as risk
sentiment improved on wider market optimism after tentative
signs of progress against coronavirus ...
Yamana Gold Inc (AUY): * YAMANA GOLD MOVING TO A VIRTUAL MEETING FOR 2020 ANNUAL MEETING OF SHAREHOLDERS Source text for Eikon: Further company coverage:
INTERNATIONAL MONETARY FUND: * SRI LANKA LOWERED GOLD HOLDINGS BY 11.611 TONNES TO 6.700 TONNES IN 2020 FEB. * TAJIKISTAN LOWERED GOLD HOLDINGS BY 5.157 TONNES TO 14.177 TONNES IN 2020 JAN. * TAJIKISTAN RAISED GOLD HOLDINGS BY 3.018 TONNES TO 17.196 TONNES IN 2020 FEB.
Gold prices surged over 2% to a more
than three-week high on Monday on expectations of global
stimulus measures to counter the economic damage caused by the
outbreak of the novel coronavirus.
The amount of gold stored in vaults in New York registered by CME Group's Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing.
* Aluminium touches lowest since March 2016. * Copper set for first weekly rise in six weeks. * LME tin inventories jump 24% in one day. By Eric Onstad. Copper prices slipped and aluminium carved out a four-year low on Friday on worries about an extended erosion in global demand for metals due to the coronavirus pandemic after dire U.S. employment data.
CME GROUP INC (CME): * SETS MAINTENANCE MARGIN FOR GOLD FUTURES AT $8,350 PER CONTRACT. * SAYS THE RATES WILL BE EFFECTIVE AFTER THE CLOSE OF BUSINESS ON FRIDAY, APRIL 3, 2020 RELATED: CME LAUNCHES ENHANCED DELIVERY GOLD FUTURES TO COMBAT VOLATILITY.
Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust, rose 0.18
percent on Wednesday from Tuesday, while the largest silver-backed ETF, New York's ...
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.
PDF’s require Adobe® Reader® and will open in a new window.
