Gold Gains After Fed Reinstates Commercial Paper Funding Facility
Gold rose oil, silver, and copper all fell, but iron ore edged higher in another day of volatile trading for major commodities.
Read MoreGold rose oil, silver, and copper all fell, but iron ore edged higher in another day of volatile trading for major commodities.
Read MoreOil’s spectacular collapse deepened on Monday despite widening global efforts to fight the economic impact of coronavirus. Prices of the two key marker crudes, Brent and West Texas Intermedia slumped again with the US crude tumbling under $US30 a barrel.
Read MoreAmid all the carnage from China’s production, investment and retail sales figures (not to mention car sales and airline passenger figures), one figure stood out – steel production, which indicates the continuing resilience of the sector.
Read MoreOil prices start this week with their biggest week of losses since the 2008 global financial crisis under their belt.
Read MoreIf you wanted a sector of the ASX not to be in today then gold would be it. While the overnight futures market had a modest 60 point or so gain pencilled for the start of trading later today, the $US60 slump in the price of gold on Friday is a figure than will send tremours through our already battered gold sector on the ASX.
Read MoreSo what will BHP, Rio Tinto and Fortescue Metals do now that their Brazilian iron ore rival, Vale, has raised the possibility of curbing or suspending iron ore shipments because of the growing threat of the COVID-19 virus?
Read MoreIf there was ever any doubt that gold’s primary function is as a safety hedge against geopolitical and economic uncertainty, the events of the past few weeks should satisfy even the most stubborn sceptic.
Read MoreAustralian commodity stocks face another tough day after gold, copper, silver and oil prices fell overnight Thursday.
Read MoreNot helped by a slide in gold prices, Newcrest has downgraded its 2019-20 gold production. The news took investors by surprise and yesterday saw a spate of downgrades from analysts.
Read MoreThe brief rebound in global oil prices ended as quickly as it happened in the wake of Saudi Arabia revealing it will boost daily output to a record 13 million barrels a day to counter Russia’s planned boost.
Read MoreMoves are afoot once again in Australia to lift bans on both uranium mining and nuclear power. The uranium spot price has slipped once more.
Read MoreOil bounced modestly, gold fell heavily as markets regained their poise on Tuesday after Monday’s capitulation. Silver fell, but copper and iron ore ended the session higher.
Read MoreGlobal oil futures plunged to four-year lows on Monday in the biggest one-day drop since 1991 as OPEC and Russia appear shaped up for an all-out price war. From now on oil prices will be eroded slowly as the shape of the price war between Saudi Arabia and Russia emerges.
Read MoreAs the spread of coronavirus stymies travel and OPEC and Russia fail to agree on production cuts, ANZ analysts suggest there is only one likely direction for oil prices – down.
Read MoreGold regained its lustre big time last week, shaking off doubts about its safe-haven status. But the prices of other metals fell on Friday as fears about COVID-19’s impact on global demand hit home.
Read MoreGlobal oil prices have suffered their biggest one day fall since the depth’s of the great crash in late 2014. The driver of the price slump? The collapse of the mooted deal between OPEC and its allies, led by Russia, to impose further production.
Read MoreIron ore prices look set to continue this week’s rally after Vale, the big Brazilian miner was forced to close an 11 million tonnes a year mine.
Read MoreIn December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia.
Read MoreAhead of the Herd’s Rick Mills makes the case for buying precious metals in the face of this global crisis.
Read MoreMedia commentators that question gold’s safe-haven status clearly haven’t done their homework. Even taking its price retreat into account, the gold price is strongly up on where it was this same time last year and had dramatically outperformed equity markets.
Read MoreGold and to a lesser extent, silver, the traditional alternatives to sovereign bonds, have lost their lustre in the past week to 10 days.
Read MoreOPEC and its ‘friends’ are due to meet in Vienna later this week and high on the agenda will be the question: should we cut output deeper after the huge slide in prices last week on growing fears about the impact on demand from the COVID-19 virus?
Read MoreMDI’s share price trebles on the back of proposed off-market takeover offer for ASX-listed neighbour, Alto Metals (ASX: AME), by a Chinese group.
Read MoreRio Tinto will shower shareholders with billions of dollars in cash with a record final dividend for 2019 to go with the earlier record interim as high iron ore prices helped the company maintain earnings at a high level.
Read MoreIn adversity lies opportunity and some deep-pocketed investors have recognised that, like the Stone Age, the era of coal won’t end overnight.
Read MoreCalidus Resources (ASX:CAI) is an ASX listed gold exploration and development company which controls the 1.25 million ounce Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia.
Read MoreBarra Resources (ASX: BAR) is a West Australian focused explorer and mine developer targeting dual high-demand commodities; cobalt-nickel and gold.
Read MoreMusgrave Minerals (ASX: MGV), which listed on the ASX in 2011 is a focused mineral exploration company applying modern-day exploration techniques and conceptual models to prospective gold and base metals regions of Australia.
Read MoreAs the third most-consumed metal on earth, behind iron and aluminum, copper is all around us. Found naturally in the earth’s crust, copper was among the first metals used by early humans, dating back to the 8th century, BC.
Read MoreAmid a lack of certainty about when lithium prices will improve Australian spodumene producers are continuing to curtail production.
Read MoreBrazilian mining giant, Vale can thank the surge 2019’s global iron ore prices it helped generate through a mine dam wall collapse at one of its iron ore mines 13 months ago for posting what turned out to be a solid financial result for the financial year to December.
Read MoreDespite a bout of weakness on Friday, gold, copper, oil and iron ore all rose solidly last week, with minor metals like palladium again having a record-setting week.
Read MoreNSW steaming coal miner and exporter, Whitehaven has slashed it’s interim dividend, triggering a sell-off in the shares to levels not seen since 2016 after reporting a very weak interim result.
Read MoreIluka plans to spin off its iron ore royalty stream in a deal that could see over $1 billion in extra value created for shareholders, as well as a continuing smaller stake in the flow of cash.
Read MoreSeeking to capitalise on Europe’s rapidly expanding battery production capacity for both energy storage and use in electric vehicles, Pursuit Minerals (ASX: PUR) is taking steps to supply European battery manufacturers with the critical metals to expand the region’s battery production capacity and battery deployment.
Read MoreAs expected after its solid December half production and sales report late last month, Fortescue Metals Group rode the boom in iron ore prices very nicely to more than triple its half-year profit and in doing so, topped market forecasts.
Read MoreThe high iron ore prices in the final half of 2019 saw BHP’s profit soar nearly 40% on the back of the boom in the price of steelmaking commodity, pushing interim dividend to a record 65 US cents a share from 55 cents paid previously.
Read MoreBlackstone Minerals (ASX: BSX) is a leading battery and precious metals exploration and development company focused on the flagship Ta Khoa Nickel PGE (Cu Co) Sulfide Project, located 160km west of Hanoi in the Son La Province of Vietnam.
Read MoreTempus Resources is up 24% intraday on no apparent news as the company prepares to commence a significant drilling program at its Rio Zarza Project in Ecuador that’s set to kick off in March.
Read MoreNuclear power, along with other green sources, helped the Earth avoid 50m tonnes of carbon emissions last year.
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