Gold edges higher as dollar rally takes a breather
LONDON, Sept 5 (Reuters) – Gold prices rose on Wednesday from an 11-day low in the previous session as a U.S. dollar rally appeared to lose steam. Gold has fallen 1.7 percent from an Aug. 28 high as currency weakness in emerging markets and concerns over global trade disputes strengthened the dollar, making bullion more […]
Copper snaps 5-day losing streak as dollar steadies
LONDON, Sept 5 (Reuters) – Copper steadied on Wednesday after five straight days of losses as a dollar rally paused, but gains were firmly capped by persistent fears over escalating trade tensions between the United States and top metals consumer China. A public comment period on the possibility of fresh U.S. tariffs on another $200 […]
Nickel leads LME base metals downward
(MB) Nickel prices on the London Metal Exchange fell to their lowest point since January at the close of trading on Tuesday September 4, with prices down by 2.5% amid sharp drops in copper, zinc and lead while strength in the United States dollar continued to put pressure on base metals. Comex copper prices fell to […]
Merkel: Fähigkeit Deutschlands zu Finanzierung im Ausland begrenzt
FRANKFURT (Dow Jones)Die Fähigkeit Deutschlands, Investitionen im Ausland voranzubringen, wird nach Aussage von Bundeskanzlerin Angela Merkel durch mangelnde Finanzierungskonzepte begrenzt. „Unsere Fähigkeit, gute Finanzierungskonzepte anzubieten, ist noch schwach ausgeprägt“, sagte Merkel bei einer Veranstaltung in Frankfurt. Merkel sagte, sie habe gerade drei afrikanische Länder besucht. „Alle drei Präsidenten sind anschließend nach China geflogen. Dort ist […]
Gold near 1-wk lows as trade, emerging market concerns boost dollar
BENGALURU, Sept 5 (Reuters) – Gold on Wednesday held near one-week lows touched in the previous session, as global trade tensions and emerging market concerns boosted demand for the U.S dollar, undermining the metal’s safe haven status. FUNDAMENTALS: * Spot gold was little changed at $1,191.45 percent at 0102 GMT, after touching a more than […]
BHP buys into Ecuador copper project with $35 mln SolGold stake
Sept 5 (Reuters) – Global miner BHP has agreed a $35.2 million deal for a 6.1 percent stake in SolGold PLC , giving it a share in the promising Cascabel copper-gold project in Ecuador after missing out in an earlier attempt. BHP Chief Executive Andrew Mackenzie said the investment would give the miner exposure to […]
Shanghai copper slumps to 14-month low amid trade tensions
BEIJING, Sept 5 (Reuters) – Shanghai copper hit its lowest in more than a year overnight and was down for a fifth straight day on Wednesday, tracking a 2.6 percent drop in London copper as U.S.-China trade tensions continued to weigh on metal prices. Open interest in Shanghai copper, a measure of market liquidity, on […]
Nickel fällt auf Siebenmonatstief
Frankfurt (GodmodeTrader.de) – An den Metallmärkten war gestern nur wenig Bewegung zu beobachten, was auch am Feiertag in den USA gelegen haben dürfte. Dadurch war die Liquidität auch an den anderen Märkten geringer. Heute Morgen treten die Metallpreise zu Handelsbeginn ebenfalls nur auf der Stelle. Es scheint, als hätten sich die Marktteilnehmer an der Seitenlinie […]
Dollar zieht an, Nickel und Kupfer fallen
(shareribs.com) London 04.09.2018 – Der US-Dollar verzeichnet am Dienstag eine kräftige Gegenbewegung, was die Metalle an der London Metal Exchange unter Druck setzt. Im Zuge dessen wächst auch wieder die Sorge über den US-Handelsstreit. Neuerliche Sorgen über die Wirtschaft einiger Schwellenländer haben den Rückzug von Investoren aus diesen Märkten beschleunigt. Die Krise in Argentinien, schwache Konjunkturdaten […]
Some warehouse firms want LME to change delivery rules, lengthen queues
LONDON, Sept 4 (Reuters) – Some warehouse firms want the London Metal Exchange to change its rules for delivering material so as to allow longer queues and boost revenues undermined by falling stocks, sources familiar with the matter said. For the market, this has revived memories of 2014, when waiting times for loading out aluminium […]
