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Metals News Results

  • Venezuela central bank's gold reserves sink 13% in 2022

    Venezuela's central bank's gold reserves dropped 13% to a new 50-year low last year, according to financial statements published by the bank on Friday, falling 10 tonnes in 2022. The number of gold bars in the bank's vaults in Caracas sank to an equivalent of 69 tonnes at the end of December 2022.

  • Alcoa says workers back 2024 restart of its aluminum smelter in Spain

    Alcoa Corp (AA) said on Friday that a majority of workers at its San Ciprian facility in Spain voted to back its plan for a phased restart of the aluminum smelter in January 2024 after a two-year halt to primary production.

  • PRECIOUS-Gold slides over 2% as robust jobs report stokes hawkish Fed fears

    * U.S. job growth accelerates in January. * Gold prices on track for worst week since October. * U.S. dollar, yields jump after jobs report. By Seher Dareen. Gold prices dropped over 2% on Friday to more than a three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.

  • PRECIOUS-Gold rangebound as traders await U.S. jobs data

    * Gold down 0.7% this week. * Platinum and palladium set for weekly gains. * January U.S. non-farm payrolls due at 1330 GMT. By Kavya Guduru. Gold traded in a tight range on Friday as cautious investors took stock of a host of central bank statements and positioned for a key U.S. non-farm payrolls report.

  • PRECIOUS-Gold slips from nine-month peak as dollar regains lost ground

    * U.S. weekly jobless claims at nine-month low. * Dollar rises 0.6% against its rivals. * Focus turns to U.S. jobs data on Friday. By Seher Dareen. Gold prices slipped more than 1% on Thursday as the dollar rebounded and some investors locked in profits after bullion scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell.

  • METALS-Copper prices fall on stronger dollar, weak Chinese demand

    Copper prices fell on Thursday as the U.S. dollar strengthened and demand in top consumer China remained slack after the Lunar New Year holiday. Benchmark copper on the London Metal Exchange was down 0.5% at $9,041 a tonne at 1726 GMT and down 2.4% this week.

  • PRECIOUS-Dovish Fed cues propel gold to 9-month peak

    * Spotlight on ECB, BOE policy decisions. * U.S. dollar down 0.1% * Silver hits 1-week high. By Kavya Guduru. Gold rose to a nine-month high on Thursday on a subdued dollar, as investors held onto the view that the U.S. Federal Reserve would soon end its rate hiking cycle after it announced an expected 25-basis-point increase.

  • METALS-London copper ticks up on weaker dollar

    London copper prices rebounded on Thursday as a weaker dollar made the greenback-priced metal cheaper to holders of other currencies. Three-month copper on the London Metal Exchange rose 0.8% to $9,163 a tonne by 0639 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange dipped 0.7% to 69,080 yuan a tonne.

  • PRECIOUS-Gold rises to highest since April after Powell strikes dovish tone

    * Dollar index down 0.3% * Silver hits 1-week high. By Ashitha Shivaprasad. Gold prices extended gains on Thursday to touch their highest in more than nine months after the Federal Reserve raised interest rates by an expected 25 basis points and Chair Jerome Powell's comments were read as dovish by the market.

  • PRECIOUS-Gold hits more than 9-month high after Powell strikes dovish tone

    * Dollar index down 0.2% * Silver hits 1-week high. By Ashitha Shivaprasad. Gold prices extended gains on Thursday to touch their highest in more than nine months, after the Federal Reserve raised interest rates by an expected 25 basis points and Chair Jerome Powell's comments were read as dovish by the market.

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