* Silver turns positive after touching two-month low. * Platinum reverse course after falling to over 2-month low. * Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/ By K. Sathya Narayanan.
* Gold down for a fourth straight session. * Silver slumps as much as 5.3% to more than two-month low. * Platinum hits lowest since July 17. * Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/ By Nakul Iyer.
* Oct-Dec premium marks first quarterly increase in five. * Producers come down from initial offers of $95-98/T. * Spot premiums are now at above $90/T. By Yuka Obayashi.
The premium for aluminium shipped to Japanese buyers for October to December was set at $88 a tonne, up 11% from this quarter, as demand began to pick up from earlier during the COVID-19 pandemic, four sources directly involved in pricing talks said on Thursday. That is up from a premium of $79 per tonne paid this quarter and marks a first quarterly increase in five.
The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion of gold reserves held in the Bank of England's underground vaults.
- Gold slumped over 3% on Monday, sliding to its lowest level in more than a month, as a broader market sell-off driven by uncertainty over more U.S. fiscal stimulus pressured the precious complex along with a stronger dollar. Silver plunged 8.3% to $24.53 as of 1:49 p.m. EDT, its lowest level in over a month.
Gold miner B2Gold (BTG) on Monday sought to reassure investors that Mali's political situation was improving after a military coup last month hit shares in the company and other Mali-focused miners.
Gold miner B2Gold (BTG) on Monday said the political situation in Mali was improving, after a military coup in the West African country last month spooked investors in B2Gold (BTG) and other Mali-focused mining companies. "The political situation is headed in the right direction," CEO Clive Johnson told the Gold Forum Americas conference.
The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow. Miners are opting to give more cash back to shareholders rather than plotting takeovers which the market may disapprove of with the COVID-19 pandemic far from over.
Mexico's Fresnillo has hedged 7% of its silver production in 2021 by "capitalizing on unique conditions in the market", the company said in a statement on Monday. The hedge was structured with an average floor price of $20 per ounce and an average ceiling price of about $50 per ounce.
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