Gold up as dollar slips against yen on trade jitters

BENGALURU, Sept 7 (Reuters) – Gold extended gains on Friday as the dollar fell against the yen after a report suggested that U.S. President Donald Trump would next take up trade issues with Japan, while investors feared another round of Sino-U.S. tariffs any moment. Spot gold was up 0.1 percent at $1,200.88 as of 0645 […]

Copper falls 1 pct, escalating U.S.-China trade war weighs

SINGAPORE, Sept 7 (Reuters) – London copper slid 1 percent on Friday with the market facing a second week of losses as an intensifying trade war between the United States and top metals consumer China raised concerns over demand. Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of […]

Gold: Nach US-Konjunkturindikatoren kaum verändert

Mit einem unerwarteten Rückgang von 218.000 auf 213.000 fiel die Zahl der Erstanträge auf Arbeitslosenhilfe niedriger als erwartet aus. Dies deutet auf eine robuste Entwicklung der US-Wirtschaft hin. Bei den Produzentenpreisen war gegenüber dem Vormonat hingegen keine Veränderung registriert worden. Am morgigen Freitag könnte das Thema Inflation die Akteure an den Goldmärkten deutlich stärker beschäftigen. […]

Aluminium und Nickel klettern Aluminiumbestände sinken weiter

( London 08.08.2018 – Für Kupfer und Nickel ging es am Mittwoch weiter leicht nach oben. Deutlich im Plus liegt derweil Aluminium das zuletzt nur noch knapp über der Marke von 2.000 USD notierte. In den letzten Wochen schauten die Marktteilnehmer vor allem die Entwicklung eines Arbeitskampfes in der chilenischen Escondida-Kupfermine. Die dortige Entwicklung hat den […]

EUROPEAN MORNING BRIEF 09/08: Commerce adjusts duty for Chinese aluminium sheet

Canadian copper mining company Taseko Mining believes that concerns about trade disputes affecting mining companies that export to Asia is “totally overblown,” president and chief executive officer Russell Hallbauer said in a conference summarising the company’s April-June financial results on Wednesday August 8. Cobalt Blockchain and Traxys Europe have signed a letter of intent to […]

US sanctions whack Russia’s rouble, Turkey’s lira free-falls

LONDON, Aug 9 (Reuters) – Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drove down Russia’s rouble Turkey’s lira plunged as worries mounted that Ankara was sliding towards a full-blown economic crisis. A rally in Chinese stocks had helped Asia offset the latest escalation in the Sino-U.S. trade war overnight after […]

Aluminium gains as Alcoa strikes, Rusal sanctions stoke supply fears

LONDON, Aug 9 (Reuters) – Aluminium prices rose strongly for a second day on Thursday, hitting their highest since late June after a strike at Alcoa alumina refineries in Australia and warnings of shutdowns by Rusal revived concerns of supply shortages. Benchmark aluminium on the London Metal Exchange (LME) did not trade in official rings […]

„Catastrophic“ shutdowns expected at Rusal if U.S. sanctions remain

MOSCOW, Aug 8 (Reuters) – Russian aluminium giant Rusal is concerned about an impending catastrophe if U.S. sanctions are not lifted, with some of its production halted as early as September, two sources close to the company said. Under the terms of the sanctions, imposed in April in response to Moscow’s alleged meddling in the […]

Copper ends flat but trade war pressure builds

LONDON, Aug 8 (Reuters) – Copper ended mostly unchanged on Wednesday as the United States geared up to begin collecting tariffs on a further $16 billion of Chinese goods later this month but a weaker dollar stemmed losses. Benchmark copper on the London Metal Exchange slipped 0.1 percent to $6,168 per tonne in final open […]

Alcoa Requests Tariff Exemption on Imports of Canadian Aluminum

Alcoa Corp on Monday asked the U.S. Commerce Department to exclude its purchases of a type of aluminum from Canada that is used to make cans from tariffs the Trump administration levied on aluminum and steel in June. According to documents posted to its website, Alcoa said no U.S. aluminum producer can meet its specification […]