Metals News Results

  • TABLE-Holdings of SPDR Gold drop, iShares Silver rise (Feb. 27)

    Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust, fell 0.47% on Wednesday from Tuesday, while the largest silver-backed ETF, New York's iShares ...

  • METALS-Shanghai aluminium drops to 1-year low as virus hits demand

    Shanghai aluminium prices dropped to their lowest in more than a year, as the coronavirus outbreak in top consumer China stoked worries about a demand slump and high inventories. The most traded aluminium contract on the Shanghai Futures Exchange fell as much as 1.4% to 13,220 yuan a tonne, its lowest since Feb. 15, 2019.

  • Gold gives up gains to finish lower for a third straight session

    By Myra P. Saefong and William Watts, MarketWatch. Treasury note yield trades above its record low. Gold futures gave up earlier gains on Thursday to finish lower for a third consecutive session, as U.S. bond yields traded above the day's lows.

  • *Gold futures give up earlier gains to trade modestly lower

    (END) Dow Jones Newswires 02-27-20 1258 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • PRECIOUS-Gold pares gains, global growth woes lend support

    * Palladium hits all-time high of $2,847.50/oz. * Gold could hit $1,700/oz over the next couple weeks- analyst. * GRAPHIC-2020 asset returns: http://tmsnrt.rs/2jvdmXl. * Coronavirus interactive graphic: https://tmsnrt.rs/2GVwIyw. By Eileen Soreng and Harshith Aranya.

  • Industrial Commodities Extend Slide as Coronavirus Dents Demand

    Commodities from oil to copper kept dropping Thursday, continuing a recent slide as traders expect the spreading coronavirus to cripple demand. U.S. crude-oil futures slid 4.9% to $46.33 a barrel on the New York Mercantile Exchange, heading for their lowest close since the end of 2018. Prices are now 30% below a peak hit in early January. Brent crude, the global gauge of oil prices, declined 4.1% to $51.23 a barrel on the Intercontinental Exchange.

  • Gold futures finish lower for a second straight session

    Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold purchases."

  • Gold posts a second straight session loss as coronavirus worries continue to swirl

    By Myra P. Saefong and William Watts, MarketWatch. Gold prices ended lower on Wednesday, building on the previous session's retreat, even as worries remain over the spread of coronavirus outside of China. "It appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare," said Jim Wyckoff, senior analyst at Kitco.com.

  • PRECIOUS-Gold retreats from multi-year peak, but virus fears remain

    * Gold priced in euros, pound slide from record highs. * Coronavirus interactive graphic: https://tmsnrt.rs/2GVwIyw. By Swati Verma. Gold fell over 1% on Tuesday as the metal's rally to 7-year highs in the last session prompted profit-taking even as worries about the coronavirus kept investors anxious about the fate of global economy.

  • Gold futures give back most of their gain from a day earlier

    Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares. "Gold prices have benefited from three main factors, including heightened investor...

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