Metals News Results

  • 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.

  • PRECIOUS-Gold extends gains to third day on Powell's dovish remarks

    * U.S. weekly initial jobless claims at 1230 GMT. * Dollar hits a more than two-week trough. * Next key resistance for gold at $1,830-$1,840 - analyst. By Arundhati Sarkar.

  • Gold Demand Steadies as Jewelry Buyers Counter Falling Investor Appetite

    Gold demand was little changed in the first half of the year as a rebound in consumer demand for bars, coins and jewelry counteracted waning appetite from institutional investors, the World Gold Council said Thursday. Global demand for the precious metal stood at 1,833 metric tons in the first half of the year, 10% less than during the same period in 2020, the WGC said in its quarterly report. Demand in the second quarter stood at 955.1 tons, largely unchanged from the same period last...

Search News

Filter Results

Publication Date
Topic
Provider

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.