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May 24, 2022

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Gold attempts rebound as dollar backs off highs

Reuters
Gold up after hitting lowest since Jan. 31 on Monday SPDR Gold Trust holdings extend slide to lowest since March Dollar slips further from last week’s two-decade high Silver up for third straight session May 17 (Reuters) – Gold rose on Tuesday as a retreat in the dollar helped bullion......

Gold up from 3-month lows as U.S. bond yields weaken

Reuters
Sales persons wait for customers at a gold jewelry showroom in Chandigarh, India, November 9, 2016. REUTERS/Ajay Verma Register now for FREE unlimited access to Reuters.com Register Dollar starts week just off recent 20-year high against peers Momentum clearly favours further downside in gold – analyst Gold prices touched lowest......

Gold prices wobble as soaring dollar, sliding yields tussle

Reuters
A customer checks a gold necklace before buying it at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register U.S. CPI rose 0.3% last month Gold down......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

Gold prices gain following a pull-back in yields, dollar

Reuters
Gold bars and coins are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019. REUTERS/Michael Dalder Register now for FREE unlimited access to Reuters.com Register U.S. 10-year Treasury yields down 5 BPS on the day Platinum and palladium rises over......

Palladium falls nearly 13% on worries over China demand hit

Reuters
Palladium, gold touch nearly four-week low Silver touches lowest since Feb 16 Dollar at peak since March 2020 April 25 (Reuters) – Palladium prices fell nearly 13% on Monday as China’s COVID-led lockdowns soured the demand outlook for the autocatalyst, while looming U.S. interest rate hikes took the shine off......

China, rate hike worries push European stocks to 1-month closing low

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 21, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register SAP, Kering, Essity report results STOXX 600 ends the week lower Traders raise ECB rate hike bets for 2022 April 22......

Gold climbs to 1-month high as Ukraine crisis drags on

Reuters
Gold may face resistance once it goes north of $2,000- analyst Benchmark U.S. 10-year Treasury yields advance to new highs China’s economic activity slows in March April 18 (Reuters) – Gold prices jumped about 1% to a more than one-month high on Monday as concerns over the economic fallout from......

Gold dips, but set for weekly gain on safe-haven demand

Reuters
Gold on course for second consecutive weekly gain ECB policy stance broadly unchanged to end stimulus in Q3 April 14 (Reuters) – Gold eased on Thursday after the dollar strengthened and yields rose as investors geared up for U.S. interest rate hikes, but safe-haven demand triggered by the Ukraine crisis......

Gold hits 1-month peak as Ukraine, inflation lift appeal

Reuters
Gold could revisit $2,000 in next few days -analyst Palladium recovers after Tuesday’s more than 4% dip April 13 (Reuters) – Gold prices hit a one-month high on Wednesday, as the Russia-Ukraine conflict boosted demand for safe-haven bullion while investors also bought it as a cushion against soaring inflation. Spot......

Gold dips as firmer Treasury yields, dollar counter Ukraine risks

Reuters
U.S. 10-yr Treasury yields hit highest since January 2019 Palladium extends gains to scale more than two-week high April 11 (Reuters) – Gold prices dipped in range-bound trading on Monday, as elevated Treasury yields boosted the dollar and countered support from uncertainty around the Ukraine war, while palladium rose after......

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

Reuters
OTTAWA, April 4 (Reuters) – Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government,......

Backed by Australia govt, Iluka greenlights $750 mln rare earths refinery

Reuters
MELBOURNE, April 4 (Reuters) – Iluka Resources (ILU.AX) on Monday committed to building Australia’s first rare earths refinery after lining up A$1 billion ($749 million) in cheap debt from the government, which wants to diversify critical minerals supply away from China. The mineral sands producer’s Eneabba refinery in Western Australia......

Peru community plans opposition to Las Bambas mine expansion

Reuters
LIMA, March 25 (Reuters) – A Peruvian community has threatened to oppose the expansion of MMG Ltd’s (1208.HK) major Las Bambas copper mine, according to a document seen by Reuters, hinting at a new flashpoint for the project shortly after the state approved the increase in production. Located in the......

UK sanctions Alfa, Gazprombank and Lavrov’s step daughter

Reuters
The logo of Gazprombank is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register LONDON, March 24 (Reuters) – Britain sanctioned another wave of Russia’s banks, critical industries and a host of......

Gold steady as robust Treasury yields counter Ukraine woes

Reuters
FILE PHOTO:Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk Register now for FREE unlimited access to Reuters.com Register U.S. 10-year Treasury yields hit multi-year highs Ukraine refuses to accept Russian......

Gold rises as Ukraine crisis escalates, hawkish Fed caps gains

Reuters
SPDR Gold Holdings highest since March 2021 Palladium supply concerns may return over escalation – analyst March 21 (Reuters) – Gold prices rose on Monday, lifted by safe-haven demand as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve’s plan of......

Barrick to restart Reko Diq project in deal ending dispute with Pakistan

Reuters
ISLAMABAD, March 20 (Reuters) – Barrick Gold (ABX.TO), has ended a long-running dispute with Pakistan and will now start to develop one of the world’s biggest gold and copper mining projects under an agreement signed on Sunday. Under the out-of-court deal, an $11 billion penalty slapped against Pakistan by a......

Analysis: DIY investors eye quick buck in ‘uninvestable’ Russia

Reuters
Retail investors flock to plummeting Russia-focused stocks Evraz, Polymetal hit most-bought UK retail stock lists last week London-listed Evraz shares suspended Mar. 10, freezing holdings Markets regulator the FCA says it is monitoring the situation LONDON, March 18 (Reuters) – While the West’s big investors have ditched Russia in recent......

Gold set for worst week since November as safe-haven demand eases

Reuters
Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk Register now for FREE unlimited access to Reuters.com Register Silver heads for worst week since late-Jan Palladium down more than 10% this......

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