Metals News Results

  • Canada's Crystallex, Venezuela settle mine dispute -Bloomberg

    Canadian miner Crystallex International Corp and Venezuela's government have agreed to settle a dispute over the country's seizure of the Las Cristinas gold mine, Bloomberg News reported late on Friday. The settlement may be worth more than $1 billion, which would make it the largest one agreed to by Venezuela, Bloomberg reported, citing company comments related to the award.

  • Gold settles lower as the dollar slumps in Black Friday trade

    By Mark DeCambre, MarketWatch, Rachel Koning Beals. Silver logs 2.2% drop for the week, its first weekly decline in the last three. Gold futures finished modestly lower on Friday as investors booked some of the yellow metal's strong pre-Thanksgiving gain.

  • BULLET: GOLD: The yellow metal traded slightly higher in.....

    GOLD: The yellow metal traded slightly higher in early Europe as price moved from $1289.64-$1291.77 before dropping to intra-day low of $1285.74. The move lower did not appear to be dollar related and seemed isolated to the precious metal. - In the European afternoon gold clawed back some of the earlier losses and rose from intra-day lows of $1285.74 to $1291.42. - Price action in the bullion was mainly subdued in the rest of Europe even though Dxy made a fresh low of 92.67. The move lower in Dxy could be possibly attributed to euro strength through Eur/Usd rather than dollar weakness and did not have much of an impact on Gold. - MNI technical analysis sees support at $1279.0 (low Nov 22) and resistance at $1297.0 (hourly Nov 17) with price currently sitting at $1288.21.

  • December gold settles lower, books 1st weekly drop in three weeks

    Gold futures closed modestly lower on Friday, in shortened trade following the Thanksgiving holiday Thursday. December gold settled down $4.90, or 0.4%, at $1,287.30 an ounce. After an up-and-down week, the yellow metal logged a roughly 0.7% weekly decline, marking its first weekly decline in three weeks, according to FactSet data.

  • BULLET: US TSYS/STOCKS: Treasuries continue in a mildly......

    US TSYS/STOCKS: Treasuries continue in a mildly lower range with light two-way flows as many eye the early exit time. Meanwhile in commodities, the natural gas is down 2.26% on the day while sold and silver are both down mildly; but NYMEX crude oil is up 1.10% on the day at $58.67/barrel. - US Tsy/financial futures close 1pm ET Friday at CME, and cash Tsys/US bonds close 2pm ET. - Meanwhile in US stocks, the NYSE stock market closes 1pm ET, and at 1:15pm ET for eligible options.

  • BULLET: GOLD: Price slips to session low of $1287.33 as......

    GOLD: Price slips to session low of $1287.33 as the dollar rallies against the euro and yen. The downward push in the bullion helped by 10Y US Tsys yield heading higher. The yellow metal currently trading around $1288.13.

  • BULLET: GOLD: The precious metal was slightly higher in......

    GOLD: The precious metal was slightly higher in Asia helped by a weaker dollar. However, as European markets opened the price headed lower. Next support is visible at $1287.10 (Nov23 low). Bullion currently trades around $1289.49.

  • Russian cenbank official: gold holdings support national security

    Russia is increasing a share of gold in its state reserves to beef up national security, Central Bank First Deputy Governor Sergei Shvetsov said on Friday. Value of gold in Russia's international reserves managed by the central bank increased to $73.7 billion as of Nov. 1 from $60.2 billion at the beginning of the year, the central bank data showed earlier this week.

  • METALS-Steady dollar stymies copper prices

    Copper traded in a tight range on. London copper edged higher for a fifth straight day overnight with the help of U.S. dollar weakness against other currencies. FUNDAMENTALS. * Three-month copper on the London Metal Exchange was largely flat at $6,964 a tonne by 0100 GMT. * The most-traded copper contract on the Shanghai Futures Exchange started 0.07 percent higher at 54,090 yuan a tonne.

  • Rio Tinto, Sinosteel Further Extend Iron-Ore Mining Venture

    MELBOURNE, Australia--Rio Tinto PLC again extended its long-running iron-ore mining venture with China's state-owned Sinosteel Corp. to deliver more of the steel-making commodity from Australia's remote western Pilbara region. The agreement will deliver an additional 10 million metric tons of iron ore from their Channar mine, building on a deal that was the first large-scale mining initiative between the two countries. Sinosteel will make an upfront payment of US $15...

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