Metals News Results

  • PRECIOUS-Deficit-stricken palladium soars in record run; gold eyes weekly gain

    * 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.

  • PRECIOUS-Gold gains on Middle East tensions; palladium hits record high

    * 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.

  • PRECIOUS-Gold edges higher as softer dollar, Gulf tensions lend support

    * 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.

  • BRIEF-Kaiser Aluminum Corp Announces Appointment Of Leo Gerard To Its Board

    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.

  • PRECIOUS-Gold gains support from weaker dollar after less-dovish Fed

    * 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.

  • Anglo Asian's H1 Azerbaijan gold output rises 3.3% yr/yr

    Azerbaijan's leading gold mining company, Anglo Asian Mining (AGXKF), said on Thursday its gold output rose 3.3% year-on-year in the first half of 2019 to 34,349 ounces from 33,255 ounces. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.

  • METALS-LME copper declines on weak demand and a guarded Fed

    * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. * Premium for cash over 3-month nickel flares out. By Pratima Desai. Copper prices eased on Thursday as the market focused on weak demand in top consumer China and a meeting in Washington between Chinese and U.S. officials aimed at resolving a prolonged trade dispute.

  • PRECIOUS-Gold slides 1% after Fed cuts rates, but policy outlook uncertain

    * U.S. Fed cuts rates for a second time this year. * Focus now on Bank of Japan on Thursday. * Oil prices ease after surge on Saudi attack. By Asha Sistla and Swati Verma. Gold prices fell over 1% to a one-week low on Wednesday, pulled down by a lack of clarity on future monetary policy decisions after a widely anticipated interest rate cut by the U.S. Federal Reserve.

  • METALS-Copper retreats as demand worries dominate

    * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. * Nickel supply concerns ease. By Pratima Desai. Copper prices fell on Wednesday as concern about demand and economic growth dominated sentiment, though rising hopes for a solution to a prolonged trade dispute between China and the United States limited losses.

  • PRECIOUS-Gold holds tight range as investors await Fed verdict

    * U.S. FOMC interest rate decision at 1800 GMT. * Focus also on BoJ meeting on Thursday. * Oil prices ease following recent surge on Saudi attack. By Brijesh Patel. Gold consolidated around the $1,500 level on Wednesday, keeping to a $3 range ahead of a U.S. Federal Reserve decision on monetary policy, while fears of oil-led inflation ebbed, limiting safe-haven inflows into bullion.

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