Gold prices inch higher as dollar softens
BENGALURU, Dec 11 (Reuters) – Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session’s rally. Spot gold was up 0.3 percent at $1,247.92 per ounce, as of 0825 GMT. It touched its […]
Devisen: Verschobene Brexit-Abstimmung belastet Euro
NEW YORK (dpa-AFX) – Der Euro hat am Montag unter der Verschiebung der Abstimmung im britischen Parlament über den Brexit gelitten. Im US-Handel kostete die Gemeinschaftswährung mit zuletzt 1,1353 US-Dollar noch etwas weniger als im späten europäischen Nachmittagsgeschäft. Den Referenzkurs hatte die Europäische Zentralbank (EZB) noch auf 1,1425 (Freitag: 1,1371) Dollar festgesetzt; der Dollar kostete […]
EUROPEAN MORNING BRIEF 11/12: SHFE base metals broadly recover
Base metals prices on the Shanghai Futures Exchange were largely up during Asian morning trading on Tuesday, with positive trade headlines sparking a bout of short covering across the complex. The Chinese ferro-silicon market climbed further on renewed demand in the week ended December 7, while European prices have been hemmed in while suppliers and […]
Trade hopes support China, sterling totters on Brexit woes
SYDNEY, Dec 11 (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on over a Brexit deal. Indian stocks and the rupee currency were among the worst hit as […]
London metals claw back ground on softer dollar
BEIJING, Dec 11 (Reuters) – London base metals recouped some of previous session’s losses on Tuesday, lifted by a weaker dollar, although ongoing Sino-U.S. trade friction kept gains below 1 percent. A weaker greenback makes dollar-denominated metals cheaper for holders of other currencies and can support prices. All five key London base metals are on […]
Rohöl gerät wieder unter die Räder
New York/ London/ Frankfurt (Godmode-Trader.de) – Die Ölpreisnotierungen zeigten sich in den vergangenen Wochen unter Druck. Als Belastungsfaktoren erwiesen sich vor allem die weiter steigenden Öllagerbestände in den USA, die auf eine rückläufige Nachfrage auf dem wichtigen US-Markt hindeuten. Zugleich markierte die Ölproduktion mit knapp 11,3 Mio. Barrel erneut einen Höchstwert. Auch die OPEC hatte […]
Gold im Aufwind
London/ Frankfurt (Godmode-Trader.de) – Der Goldpreis stieg zu Wochenbeginn auf ein Fünf-Monatshoch von gut 1.250 US-Dollar je Feinunze. Aus Sicht von Analysten der Commerzbank bekommt das Edelmetall von mehreren Seiten Unterstützung: Die Aktienmärkte stünden zu Beginn der neuen Handelswoche weiter unter Druck. Und der Rückgang der Anleiherenditen setze sich fort. Zudem fielen die Fed-Zinserwartungen deutlich. […]
Ivory Coast aims to double gold output by 2025
ABIDJAN, Dec 10 (Reuters) – Ivory Coast plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector. Ivory Coast, the world’s top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 […]
Qingdao metals scandal accused handed 23-year jail term
BEIJING, Dec 10 (Reuters) – The man at the centre of the 2014 Qingdao metal warehousing scandal in China was sentenced to 23 years in prison on Monday and his company, Dezheng Resources, ordered to pay a 3.012 billion yuan ($438.22 million) fine. The verdict brings an end to a four-year probe into the firm, […]
Copper slips as China data reinforces demand worry
LONDON, Dec 10 (Reuters) – Copper prices slipped on Monday as Chinese import data reinforced worries about growth in demand for industrial metals fuelled by the ongoing U.S.-China trade dispute, while a firmer dollar also weighed. Benchmark copper on the London Metal Exchange was bid down 0.6 percent at $6,107 a tonne after failing to […]
