Commodity Exchange

Mining News Pro - Copper bounced on Tuesday after a rebound in Chinese manufacturing activity, but analysts cautioned that the market is far from returning to normal levels.

Mining News Pro - Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic.

Mining News Pro - The gold market in New York is facing a historic squeeze as the global pandemic chokes off physical trading routes at the same time that investors are piling into the metal as a safe haven.

Mining News Pro - The gold price surged on Monday after the US Federal Reserve promised to pump “unlimited” amounts of money into the financial system, boosting the metal’s status as a store of wealth and an inflation hedge.

Mining News Pro - The gold price surged on Tuesday after the latest action by the US Federal Reserve to shore up financial markets and the announcement of a massive stimulus program by the Trump administration convinced investors that the metal’s status as a safe haven asset and inflation hedge remains intact.

Mining News Pro - Silver’s dimming industrial demand outlook is keeping the metal from attracting haven demand that’s boosting gold– its costlier cousin.

Mining News Pro - Market sentiments in the Chinese steel market were bolstered by the gains in futures followed by the government’s efforts to thrust the recovery of the steel demand.

Mining News Pro - Price gap in Indian long steel products of large and medium/small scale mills widened further as offers through the secondary mills dropped rigorously due to dull demand. Thus the re-rollers increased trade discounts to ease selling pressure.

Mining News Pro - During market crashes, palladium isn’t the first commodity that comes to mind.

Mining News Pro - Gold could not escape the carnage on global financial markets on Thursday as the growing panic about the spread of coronavirus infections outside China saw the precious metal suffer one of its worst one-day drops on record.

Mining News Pro - A Goldman Sachs Group asset manager who correctly predicted last year’s rally in stocks says the equity market is overly complacent about the possible damage from the coronavirus and could face more declines.

Mining News Pro - The Australian dollar gold price has reached a seven-year high in the wake of a crash in crude oil prices.

Mining News Pro - In the past week, nearly all commodities have seen a rise in the price trend except HRC and rebar.

Mining News Pro - Indian Ferro Chrome prices have gone down in line with the depreciated Indian currency against USD

Mining News Pro - Vietnam based mills are heard to have booked 10,000 MT of HRC for imports from the Japan-based Nippon Steel, SteelMint learned in a recent conversation with reliable sources.

Mining News Pro - Barrick Gold said on Friday it was increasing its inventory of “key commodities” to above normal levels in response to the global spread of coronavirus, or COVID-19.

Mining News Pro - Investors are returning to gold as a store of value after the Federal Reserve’s emergency rate cut sparked a collapse in 10-year Treasury yields.

Mining News Pro - Demand for platinum from the auto industry will rise this year for the first time since 2016 but it won’t be enough to offset a decline in investment buying, leaving the global market in surplus again, the World Platinum Investment Council (WPIC) said on Wednesday .

Mining News Pro - Copper and iron ore prices surged on Monday on hopes that China, responsible for more than 70% of the world’s seaborne iron ore trade and half the world’s copper consumption, will spend massively on infrastructure and manufacturing to revive an economy devastated by the coronavirus.

Mining News Pro - Even with gold at seven-year highs, there’s still room for more gains if history is anything to go by.

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