Metals and Minerals

26.07.2024

Bullion, silver halt advance on monetary stalemate

Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.

Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...

Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.

Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...

26.07.2024

Funds’ sell-out pulls copper price down, dragging other base metals along

Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.

It earlier dipped to $8,900 for its lowest since March 28, breaking support level...

Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.

It earlier dipped to $8,900 for its lowest since March 28, breaking support level...

25.07.2024

Bullion and peers rebound with US monetary course in limbo

Gold prices inched up on Wednesday, as market participants assessed the timing and number of U.S. interest rate cuts and awaited U.S. economic data for further clarity on monetary policy.

Spot gold was up 0.2% at $2,413.63 per ounce, as of 1013 GMT. U.S. gold futures gained 0.3% to $2,414.40.

"The medium...

Gold prices inched up on Wednesday, as market participants assessed the timing and number of U.S. interest rate cuts and awaited U.S. economic data for further clarity on monetary policy.

Spot gold was up 0.2% at $2,413.63 per ounce, as of 1013 GMT. U.S. gold futures gained 0.3% to $2,414.40.

"The medium...

25.07.2024

Lead, copper, nickel lose more ground as other base metals appreciate

Copper prices slipped to their lowest in three-and-a-half months on Wednesday, hurt by rising inventory and selling by commodity trading funds.

Three-month copper on the London Metal Exchange (LME) was up 0.1% at $9,176.5 per metric ton as at 1023 GMT, after dipping to $9,105 per metric ton to its lowest...

Copper prices slipped to their lowest in three-and-a-half months on Wednesday, hurt by rising inventory and selling by commodity trading funds.

Three-month copper on the London Metal Exchange (LME) was up 0.1% at $9,176.5 per metric ton as at 1023 GMT, after dipping to $9,105 per metric ton to its lowest...

24.07.2024

Uzbek Almalyk Mining and Metallurgical Complex begins production of gold, silver, and copper granules

Almalyk Mining and Metallurgical Complex (AGMK) has commenced the production of gold, silver, and copper in granule form.

According to the company, granulated gold is used in the jewellery industry, medicine, radio electronics, microelectronics, chemical industry, and the production of measuring instruments.

In jewellery production, losses increase during the remelting of ingots...

Almalyk Mining and Metallurgical Complex (AGMK) has commenced the production of gold, silver, and copper in granule form.

According to the company, granulated gold is used in the jewellery industry, medicine, radio electronics, microelectronics, chemical industry, and the production of measuring instruments.

In jewellery production, losses increase during the remelting of ingots...


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