The premiums for aluminium shipments to Japanese buyers for January to March were set at $85-$86 a tonne, down 13%-14% from the previous quarter, reflecting slack demand and high stocks, six sources directly involved in pricing talks said.
Brazil is preparing a task force of armed forces, police and government agencies to expel illegal gold miners who invaded the Yanomami indigenous reservation, officials said on Tuesday.
Yamana Gold Inc (AUY): * YAMANA AND PAN AMERICAN SHAREHOLDERS APPROVE PROPOSED TRANSACTION. * Yamana Gold Inc (AUY) - PAN AMERICAN SHAREHOLDERS APPROVED ISSUANCE OF PAN AMERICAN COMMON SHARES IN CONNECTION WITH PROPOSED TRANSACTION Source text for Eikon: Further company coverage:
The U.S. Environmental Protection Agency's decision to block the proposed Pebble copper and gold mining project near Alaska's ecologically sensitive Bristol Bay watershed is "unlawful" and hurts the state, said the top boss of the mining project.
* Focus on Fed policy decision on Feb. 1. * POLL-High interest rates to hold back gold's rally. * Gold up over 5% in January. * Dollar heads for fourth consecutive monthly loss. By Seher Dareen. Jan 31 - Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes from the U.S. Federal Reserve.
The premiums for aluminium shipments to Japanese buyers for January to March were set at $85-$86 a tonne, down 13%-14% from the previous quarter, reflecting slack demand and high stocks, six sources directly involved in pricing talks said.
* Gold set for third straight monthly gain. * Fed policy decision due on Feb. 1. * POLL-High interest rates to hold back gold's rally. By Kavya Guduru. Gold prices fell 1% on Tuesday to a more than one-week low as the dollar firmed, while investors kept a close watch on the U.S. Federal Reserve's interest rate hike decision and policy outlook.
Copper prices dropped on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and as physical demand in top consumer China remained stagnant. Three-month copper on the London Metal Exchange was down 1% at $9,115 a tonne by 0807 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange dipped 0.7% to 69,240 yuan a tonne.
Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year since 1967, the World Gold Council said on Tuesday. The data underline a shift in attitudes to gold since the 1990s and 2000s, when central banks, particularly those in Western Europe that own a lot of bullion, sold hundreds of tonnes a year.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required