Mali has revised its 2023 industrial gold forecast to 67.7 tonnes, up from a previous forecast of 63.9 tonnes, according to mines ministry data shared with Reuters on Wednesday. Mali is one of Africa's top gold producers and home to industrial mines operated by companies including Barrick Gold (GOLD), B2Gold Corp (BTG), Resolute Mining (RMGGF), AngloGold Ashanti and Hummingbird Resources.
* Dollar up for the month. * Silver, palladium, platinum bound for monthly fall. * Global palladium market to swing to surplus in 2024 - Nornickel. By Ashitha Shivaprasad. Gold firmed on Wednesday supported by lower Treasury yields but the dollar's strength, with more interest rate hikes in the offing and optimism about a U.S. debt deal kept bullion on course for its first monthly dip in three.
Copper prices drifted lower on Wednesday, set for a second consecutive monthly drop, on weaker-than-expected manufacturing data from top consumer China and as lacklustre global economic performance dampened demand outlook. Three-month copper on the London Metal Exchange was down 0.7% at $8,066 a tonne by 0441 GMT.
* Dollar, yields pull back from 2-1/2-month highs. * Markets pricing in 2-in-3 chance of Fed rate hike in June. * US debt deal faces first test in Congress. By Deep Kaushik Vakil. Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal.
Copper prices rose on Tuesday, supported by a weaker dollar and as risk sentiment improved following a temporary suspension of the U.S. debt ceiling to avoid a default. Three-month copper on the London Metal Exchange rose 0.4% to $8,167 a tonne by 0156 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange advanced 0.5% to 65,220 yuan a tonne.
* Gold, silver face third weekly fall. * U.S. PCE price index +4.4% in April vs +4.2% in March. * Biden and McCarthy seen nearing debt ceiling deal. By Deep Kaushik Vakil.
* Gold, silver face third weekly fall. * Biden and McCarthy near deal that would raise debt limit. * U.S. PCE Price Index due at 1230 GMT. By Seher Dareen. Gold prices edged up from two-month lows on Friday, helped by a dip in the U.S. dollar as traders assessed the progress of U.S. debt ceiling negotiations and the Federal Reserve's rate hike path.
Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world's second-largest economy, particularly in its weak property sector. The spot price of HRB400 20mm steel rebar - used to reinforce concrete for buildings and infrastructure - fell to 3,510 yuan per tonne in Shanghai on Thursday, data from consultancy Mysteel showed.
A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday.
* Gold extends slide as dollar hits two-month high. * Biden, McCarthy close to debt ceiling deal -sources. * Silver, palladium at lowest in two months. By Deep Kaushik Vakil. May 25 - Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve.
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