Copper gains as investors warily move back into riskier assets
LONDON, Nov 29 (Reuters) – Copper and other metals extended gains on Thursday as investors bought riskier assets on speculation U.S. interest rates may be near a peak, but trade was thin ahead of Chinese economic data and the G20 summit. Most metals closed higher on Wednesday after the chairman of the U.S. Federal Reserve […]
Gold gains on Fed comments, palladium hits record
BENGALURU, Nov 29 (Reuters) – Gold rose on Thursday after Federal Reserve Chair Jerome Powell’s comments boosted perception the central bank would go slow on interest rate hikes next year, while palladium was trading at record levels due to a shortage in supply. Spot gold was up 0.3 percent at $1,224.86 per ounce at 1130 […]
Russia sets aside RUB 10 billion to buy aluminium
Reuters reported that the Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, a government decree showed on Wednesday, in a move that would support sanctioned Russian aluminium producer Rusal. The decree, dated November 26, allocated up to RUB 10 billion (USD 149 million) for the plan and is the […]
Frankreichs Wirtschaft nimmt Fahrt auf
PARIS (dpa-AFX) – Frankreichs Wirtschaft hat nach einer vergleichsweise schwachen Entwicklung im ersten Halbjahr wieder Fahrt aufgenommen. Das Bruttoinlandsprodukt (BIP) sei im dritten Quartal um 0,4 Prozent im Vergleich zum Vorquartal gestiegen, teilte das Statistikamt Insee am Donnerstag nach einer zweiten Schätzung in Paris mit. Damit wurde in den Sommermonaten Juli bis September das stärkste […]
Copper prices rally in wake of Fed comments, force majeure
BEIJING, Nov 29 (Reuters) – Copper led most base metals higher on Thursday, tracking a rise in equities after investors took comments from the U.S. Federal Reserve chair as a sign the central bank’s interest rate hike cycle is drawing to a close. Copper prices were also lifted on worries over supply as an smelter […]
Norsk Hydro sees weaker aluminium demand growth in 2019
OSLO, Nov 29 (Reuters) – Norwegian metals maker Norsk Hydro expects global primary aluminium demand to grow by 2-3 percent in 2019, down from the 4 percent seen for 2018, it said on Thursday. Trade sanctions and tariffs are impacting global flows of aluminium and increasing uncertainty on economic growth. Hydro expects a continued deficit […]
EUROPEAN MORNING BRIEF 29/11: SHFE base metals stage broad-based recovery
(FM) Base metals prices on the Shanghai Futures Exchange staged a broad-based recovery during Asian morning trading on Thursday, recovering from the previous day’s weakness on a softer dollar. Tin was the sole exception to the firmer tone seen across the rest of the SHFE base metals complex this morning, with the metal continuing to […]
Base metal prices bounce in wake of Fed comments
BEIJING, Nov 29 (Reuters) – Most Shanghai base metals rose on Thursday, tracking equities after investors saw comments from the U.S. Federal Reserve chair as a sign the central bank’s interest rate hike cycle is drawing to a close. Jerome Powell said at a lunch on Wednesday that the Fed’s policy rate is now „just […]
Zinc prices steady after plunge to 10-week low
LONDON, Nov 28 (Reuters) – Zinc prices steadied on Wednesday as falling stockpiles and rising premiums for nearby metal highlighted a short-term supply squeeze, halting a slide to 10-week lows. Zinc, used to galvanise steel, had tumbled more than 7 percent from last Thursday’s close as traders anticipated an increase in supply and weakening demand […]
Gold tritt auf der Stelle
Washington (GodmodeTrader.de) – Der Goldpreis tritt zur Wochenmitte im Bereich der 1.215er-US-Dollar-Marke je Feinunze auf der Stelle. Die Marktteilnehmer warten auf frische Signale von der Federal Reserve Bank (Fed) zur Entwicklung der US-Zinsen und dem US-chinesischen Handelsstreit. Heute Abend steht eine Rede von US-Notenbankchef Jerome Powell auf der Agenda. Powell wird im New Yorker Economic […]
