* Gold up 1.5% so far this week. * Silver eyes first weekly rise in three. * GRAPHIC-2019 metals performance: http://tmsnrt.rs/2jvdmXl. By Asha Sistla. Palladium soared to an all-time high on Friday, with producers locking in stocks of the auto-catalyst metal squeezed by a sustained supply shortage, while gold firmed en route to its first weekly gain in four supported by Middle East tensions.
Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump announced further sanctions on Iran. "The confrontation with Iran still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend."
By Myra P. Saefong and Mark DeCambre, MarketWatch. Bullion gains as U.S. announces more sanctions on Iran, China reported cuts trade talks short. Gold prices finished higher Friday to end the week with a gain for the first time in about a month, as President Donald Trump announced more sanctions on Iran and China reportedly cut short its trade negotiations with the U.S., fueling haven demand for the precious metal.
* Palladium in short supply, touches $1,649.09/oz. * Silver on track for first weekly rise in three. * Gold up 0.8% this week. By Brijesh Patel. Gold edged higher on Friday, heading for its first weekly rise in four, as investors focused on Middle East tensions while palladium hit a record peak on short supply. Spot gold was up 0.1% at $1,500.47 an ounce at 1314 GMT, up about 0.8% over the week.
* 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.
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.
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 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.
* 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.
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