Gold rose to daily highs after the U.S. added more jobs than expected in June but the unemployment rate ticked up.
Commodity traders make billions as oil, copper, battery metals prices rise
Doug King set up his hedge fund in the early days of the commodity super-cycle in 2004. It was perfectly timed: voracious Chinese demand lifted the price of everything from oil to copper to record highs. Investors flooded the commodities sector.
Gold price near daily highs as ISM Manufacturing Index disappoints in June
Gold remained near its daily highs as the headline manufacturing index from the Institute for Supply Management came in below expectations in June.
Strong gold and copper growth forecasts as covid disruptions subside – report
Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of covid-19 disruption miners experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show.
Gold ticks up as U.S. pending home sales surge in May
Gold attempted to recover some of its early-morning losses as the U.S. pending home sales surprised on the upside in May.
McEwen lines up copper partner as surging prices spur interest
McEwen Mining Inc. is in talks to sell a stake in a copper project in Argentina as the gold and silver producer looks to tap into booming prices of the metal used in wiring.
Gold, silver price unleashed; Will this summer be as explosive as 2020's?
It's going to take gold until the end of the year to rally to $2,000 an ounce, said Phil Streible, chief market strategist of Blue Line Futures.
Green copper demand to average 13% annual growth over next 10 years – report
As the pace and shape of the green transition are fast becoming one of the key themes for the global economy, copper will experience a surge in demand over 2021-2030, earning a spot on market analyst Fitch Solutions’ list of commodities of the future.
Gold and silver trade higher leading into the European open
Gold and silver are starting off the new week on the front foot.
Russia prepares to hit metals firms with $2.3bn in export taxes
Russia is preparing new export taxes for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion between Aug. 1 and Dec. 31, its officials told a government meeting on Thursday.
London copper rise on Biden infrastructure deal
London copper prices rose on Friday as a US infrastructure deal raised hopes of better demand for metals in the coming years, although the gains were capped by weak consumption.
Gold price still has a path to $2,000, silver to $31 - CIBC
There is still a path for higher gold prices even as the precious metal struggles to recover from last week ’s massive selloff, according to one Canadian Bank.
Gold, silver see modest price gains; bulls still shaky
Gold and silver prices are modestly higher in early U.S. trading Thursday.
Chile’s decades-old mining deals may hinder bid to lift copper royalties
With copper prices soaring and Chile’s economy reeling from the COVID-19 pandemic, lawmakers want to fund recovery efforts by hiking royalties on the booming mining sector but the drive could flounder because of deals that previous governments signed decades ago to freeze tariffs on the biggest miners.
Gold prices pushing close to $1,800 but see little reaction to mixed flash PMI data
Gold prices are holding on in positive territory pushing close to $1,800 an ounce following mixed sentiment in the manufacturing and service sectors.
