RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in its fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...» Read More
"Futures Now" trader Rich Ilczyszyn looks at whether silver can be bought at current levels.
"Futures Now" trader Rich Ilczyszyn looks at key levels for this industrial metal.
Investors should opt for U.S. Treasurys and gold because the boost to risky assets from central bank stimulus measures may already be over, according to a report by macroeconomic research firm Capital Economics.
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.
‘Superstorm’ Sandy is set to inflict a negative hit on demand for crude oil as U.S. East Coast refineries come to a standstill, but BP’s Chief Executive Bob Dudley has told CNBC that oil firms are set to bounce back quickly.
After a slump in third-quarter earnings, Richard Adkerson, Freeport McMoran Copper & Gold CEO, told CNBC’s "Closing Bell" on Monday, he’s still optimistic about his business and copper fundamentals longer-term.
Although construction and mining giant Caterpillar cut its full-year outlook and missed Wall Street’s revenue estimates on Monday, one analyst says the stock is a “buy” if global growth is positive.
The Australian government on Monday lowered its expectations for a budget surplus as falling commodity prices coupled with slower growth begins to bite, giving rise to the question: should the country drop the idea of a surplus?
Warren Gilman, Chairman & CEO, CEF HOLDINGS says that gold is likely to pull back further, presenting a good buying opportunity in 2-3 weeks time.
Rich Ilczyszyn, CEO and founder of iiTrader and a "Futures Now" trader, outlines where gold might be headed.
Jonathan Barratt, CEO & Founder, Barratt's Bulletin says that there will be selling in the Gold ETF market if gold prices continue to come under pressure.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that miners are upping their investments to expand capacity. This means that volume growth will help offset weak metal prices.
Jay Richards, Investment Manager at GTL Capital Management says that base metals prices will fall as China's infrastructure spending slows.
Jeff Largey, head of metals and mining research at Macquarie Group, tells CNBC that as the metals and mining sector are facing supply challenges, it will be crucial for China's new leadership to implement growth policies.
Peter Akerley, President & CEO, Erdene Gold explains that despite the slip in Mongolian mining, especially coal, capital injections in the sector still remain strong.
Jeffrey Christian, Founder & Managing Director, CPM Group says that gold could move towards the $1700-level, if it does not break past the $1750 handle.
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Gaurav Sodhi, Resources Analyst, Intelligent Investor says that its hard to put a price on gold as the bullion is dependent on market behavior.
Rich Ilczyszyn, CEO and founder of iiTrader and a "Futures Now" trader, breaks down the important levels to watch for gold.
Pravin Gordham, Finance Minister of South Africa explains why the revised GDP target of 2.7% this year has nothing to do with the recent labor issues. He assures CNBC the government has a plan to resolve the unrest.