Metals and Minerals

08.02.2023

Bullion gains strength on volatile gringo dollar

Gold inched up on Tuesday as traders waited for more economic data to gauge its likely influence on U.S. interest rates, while a slightly higher dollar kept prices in check.

Spot gold rose 0.2% to $1,870.16 per ounce by 1209 GMT, after hitting its lowest level since Jan. 6 on Monday.

U.S....

Gold inched up on Tuesday as traders waited for more economic data to gauge its likely influence on U.S. interest rates, while a slightly higher dollar kept prices in check.

Spot gold rose 0.2% to $1,870.16 per ounce by 1209 GMT, after hitting its lowest level since Jan. 6 on Monday.

U.S....

08.02.2023

Iron ore, steel depreciate as coal logs gains

Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.

The most-traded iron ore, for May delivery, on China’s Dalian Commodity Exchange ended daytime trade 0.7% lower at 840.50 yuan ($123.86) a tonne. It...

Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.

The most-traded iron ore, for May delivery, on China’s Dalian Commodity Exchange ended daytime trade 0.7% lower at 840.50 yuan ($123.86) a tonne. It...

08.02.2023

Copper, tin appreciate as other base metals post losses

Copper prices rose on Tuesday from a four-week low in the previous session as a dollar rally paused and global equities steadied following a sell-off.

Strong U.S. employment data last week raised the spectre of higher than expected interest rates, turning markets cautious and boosting the safe-haven dollar. 

Copper and equities are both bets...

Copper prices rose on Tuesday from a four-week low in the previous session as a dollar rally paused and global equities steadied following a sell-off.

Strong U.S. employment data last week raised the spectre of higher than expected interest rates, turning markets cautious and boosting the safe-haven dollar. 

Copper and equities are both bets...

07.02.2023

Copper industry of Uzbekistan begins to export products to South Africa and Senegal

According to the information service of the AMMC, in the first month of this year, the Almalyk Mining and Metallurgical Plant fulfilled the task of exporting its products by 131%.

The press service recalls that AMMC products are exported mainly to such countries as Turkey, Russia, Belarus, Kazakhstan, Bulgaria, Azerbaijan, Kyrgyzstan,...

According to the information service of the AMMC, in the first month of this year, the Almalyk Mining and Metallurgical Plant fulfilled the task of exporting its products by 131%.

The press service recalls that AMMC products are exported mainly to such countries as Turkey, Russia, Belarus, Kazakhstan, Bulgaria, Azerbaijan, Kyrgyzstan,...

07.02.2023

Bullion veers up, stays below $1,900/oz mark

Gold regained some ground on Monday as investors snapped up bullion after prices slid to a one-month low, betting on firm safe-haven demand as recession risks linger and with expectations of smaller U.S. interest rate hikes.

Spot gold rose 0.4% to $1,872.59 per ounce by 1201 GMT, after hitting its lowest...

Gold regained some ground on Monday as investors snapped up bullion after prices slid to a one-month low, betting on firm safe-haven demand as recession risks linger and with expectations of smaller U.S. interest rate hikes.

Spot gold rose 0.4% to $1,872.59 per ounce by 1201 GMT, after hitting its lowest...


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