* Gold up 1.2% so far this week. * Speculation grows of aggressive central bank easing. * Silver set for second week of gains. * Gold may fall into $1,483-$1,503/oz range -techs. By Harshith Aranya.
Shanghai nickel prices surged, while a key indicator of supply shortage jumped to a decade high on Friday, amid ongoing worries about supplies disruption from top ore producer Indonesia. Shanghai Futures Exchange's most active nickel contract rose as much as 3.7% to 127,700 yuan a tonne, hovering near a record high hit on Monday.
London copper hovered near a two-year low and Shanghai copper fell on Thursday, weighed down by growing fears of a global recession and weak industrial output growth in China.
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
* U.S. and China agree to continue trade talks. * Silver falls over 0.5%, palladium gains 2% * Dollar index rises 0.4% By Sumita Layek and Arpan Varghese. Gold fell 2% on Tuesday, reversing course from earlier in the session when it scaled a six-year peak, after the United States said it would delay tariffs on some Chinese products and on news that both sides agreed to continue trade talks.
* SPDR Gold holdings up 0.9% on Monday. * Silver touches more than 1-1/2 year high. * U.S. 30-year bond yields slip to lowest since July 2016. * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. By K. Sathya Narayanan.
* Silver touches over 1-1/2 year high. * SPDR Gold holdings up 0.9% on Monday. * Gold must hold above $1,500/oz to continue bullish wave-analyst. * Spot gold may test resistance at $1,524/oz-techs. By Harshith Aranya.
Shanghai aluminium rallied to its highest in more than two months on Tuesday, as a typhoon in China hit the world's top aluminium producer and raised concerns about supply disruptions.
Shanghai aluminium rose to its highest in more than two months on Tuesday, as a typhoon in China affected the world's top aluminium producer, raising concerns about supply disruptions. Facilities belonging to China Hongqiao Group were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm.
- Barrick Gold Corp (GOLD) is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday. "We don't have a for-sale sign" at Tongon and Massawa, Bristow said in an interview in Toronto.
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