Metals News Results

  • PRECIOUS-Dollar uptick stalls gold's Fed-inspired rally

    * 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.

  • PRECIOUS-Gold set for strongest week in 2 months as Fed in no rush to taper

    * 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.

  • METALS-Shanghai aluminium up on supply woes; London at 3-year high

    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.

  • PRECIOUS-Gold heads for best weekly gain in over 2 months on dovish Fed

    * 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.

  • METALS-Shanghai aluminium rises on supply concerns, eyes monthly gain

    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.

  • PRECIOUS-Gold set for biggest weekly gain in over 2 months on dovish Fed

    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.

  • BRIEF-Yamana Gold Reports Significant Progress On Phase 2 Expansion At Jacobina

    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:

  • PRECIOUS-Gold jumps over 1% as Powell strikes dovish tone

    * 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.

  • PRECIOUS-Gold hits near two-week peak after Powell douses rate hike prospects

    * 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.

  • METALS-London copper rises as dollar weakens after Powell's dovish comments

    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.

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.