Metals and Minerals

02.05.2024

Bullion and peers undergo corrections as other markets stabilise

Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased while investors strapped in for U.S. economic data, due later in the week, that could offer clues to the Federal Reserve's interest rate path.

Spot gold eased 0.1% to $2,318.50 per ounce by 9:20 a.m. ET...

Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased while investors strapped in for U.S. economic data, due later in the week, that could offer clues to the Federal Reserve's interest rate path.

Spot gold eased 0.1% to $2,318.50 per ounce by 9:20 a.m. ET...

02.05.2024

Ferrous, coal benchmarks rally as demand picks up

Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook.

The most-traded September iron ore contract on...

Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook.

The most-traded September iron ore contract on...

02.05.2024

Tin depreciates as other base metals veer up

Copper resumed its upward momentum on Wednesday after a two-session pause, but traders said Chinese consumer reluctance to buy around two-year highs was capping gains.

Three-month copper on the London Metal Exchange was up 0.8% at $9,784 a metric ton in official rings. It has retreated a little from the $9,988...

Copper resumed its upward momentum on Wednesday after a two-session pause, but traders said Chinese consumer reluctance to buy around two-year highs was capping gains.

Three-month copper on the London Metal Exchange was up 0.8% at $9,784 a metric ton in official rings. It has retreated a little from the $9,988...

02.05.2024

US inflation pushes bullion back up

Gold prices trimmed gains on Thursday as U.S. Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.

Spot gold firmed 0.3% at $2,321.70 per ounce by 9:47 a.m. ET (1347 GMT) after rising as much as 0.8% earlier...

Gold prices trimmed gains on Thursday as U.S. Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.

Spot gold firmed 0.3% at $2,321.70 per ounce by 9:47 a.m. ET (1347 GMT) after rising as much as 0.8% earlier...

02.05.2024

Ferrous, coal benchmarks extend surge as demand consolidates

Dalian iron ore futures prices extended their rise for a second straight session on Thursday, supported by lingering demand hopes in top consumer China, although some profit taking limited gains.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.03% higher at 879.5 yuan ($121.36)...

Dalian iron ore futures prices extended their rise for a second straight session on Thursday, supported by lingering demand hopes in top consumer China, although some profit taking limited gains.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.03% higher at 879.5 yuan ($121.36)...


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