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Metals and Mining Precious Metals and Mining

  • *Palladium rise to highest since Nov. 10. "We are not really sure that this will have much of an impact given that the decision to raise rates in December is pretty much a forgone conclusion," INTL FCStone analyst Edward Meir said. The Fed is "reasonably close" to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting...

  • *Spot gold was up 0.1 percent at $1,281.40 per ounce by 0057 GMT. *Bank of England rate-setters spelled out their differences on Tuesday over the central bank's first interest rate hike in a decade, as they focused on how to determine when low unemployment was about to push up inflation. *Following the collapse of German coalition talks, the prospects for a...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • JOHANNESBURG, Nov 21- Anglo American's diamond unit De Beers has ordered a new $142 million diamond mining ship as part of its strategy to grow its offshore operations, the firm said on Tuesday. The new ship will work alongside the fleet De Beers uses to recover diamonds off Namibia's Atlantic coast as part of a 50:50 joint venture with the namibian government.

  • BILLINGS, Mont.— Opponents of two gold mines proposed near Yellowstone National Park pressed Tuesday for Montana's lone U.S. House member to seek federal legislation to withdraw public lands near the park from future mining. After a measure stalled in the Senate, businesses and conservation groups said the support of U.S. Mining opponents say gold exploration...

  • LONDON, Nov 21- The global platinum market deficit will rise sharply next year thanks to resurgent demand from the jewellery and industrial sectors and declining production, an industry report said on Tuesday. The shortfall will jump to 275,000 ounces from an expected 15,000 ounces this year, the World Platinum Investment Council said in its latest Platinum...

  • 2018 will be a strong year for platinum, Zimbabwe could benefit: Pro

    World Platinum Investment Council CEO Paul Wilson speaks about how political upheaval in Zimbabwe is impacting the platinum marketplace.

  • Gold bounced up slightly on Tuesday, as a weaker U.S. dollar gave bullion a boost after the previous day's sharp decline.

  • MEXICO CITY, Nov 20- The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country. Canada and the United States argue that weak unions and low wages south of the border tilt the 23- year-old deal in...

  • MEXICO CITY, Nov 20- The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country. Canada and the United States argue that weak unions and low wages south of the border tilt the 23- year-old deal in...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • MOSCOW, Nov 20- Russia's VTB Capital, one of Russia's biggest gold traders, aims to more than double sales of the precious metal to China next year, its global commodities chief said, after import curbs forced it to cut its target for this year. The investment banking unit of Russia's No.2 lender VTB, VTB Capital also trades grains, iron ore, oil and oil products and...

  • Volatility could start to rise in 2018

    Nick Brooks, head of economic and investment research at Intermediate Capital Group, and Nandini Ramakrishnan, global market strategist at JP Morgan Asset Management, speak about the price of gold.

  • Stacks of gold coins

    Gold dropped on Monday as the dollar rose but political and economic uncertainty in the United States continued to dominate sentiment.

  • "With the ultimate fate of tax reform in Congress in serious doubt and the Alabama Senate race threatening to narrow the already wafer-thin GOP majority, sentiment has turned sharply against the dollar, which may finally allow gold to test key medium-term resistance at $1,310 early next week," said Tai Wong, head of base and precious metals trading at BMO Capital...

  • BAMAKO, Nov 17- Industrial gold production in Mali, Africa's third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday. Mali's industrial miners produced 46.9 tonnes of gold last year, but the government said in May that production in 2017 would slip to about 45 tonnes as the country waited for new mines to...

  • BAMAKO, Nov 17- Industrial gold production in Mali, Africa's third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday. Mali's industrial miners produced 46.9 tonnes of gold last year, but the government said in May that production in 2017 would slip to about 45 tonnes as the country waited for new mines to...

  • *U.S. House passes its version of tax cut bill. NEW YORK/ LONDON, Nov 16- Gold prices were slightly lower on Thursday, trading in a tight range as the U.S. House of Representatives passed its version of sweeping tax cuts and investors weighed possible changes in fiscal policy against the impact of an expected rise in U.S. interest rates. "Taxes will determine the type of...

  • The gem, called ‘The Raj Pink,’ is the world’s largest known Fancy Intense Pink diamond is expected to fetch up to $30 million at auction.

    A large pink diamond, rare for its color and clarity, was among several major jewels that failed to sell on Wednesday at Sotheby's auction in Geneva.

  • LONDON, Nov 16- Gold prices were steady on Thursday as investors weighed the impact of an expected rise U.S. interest rates against uncertainty about the direction of U.S. fiscal policy. Tom Kendall, ICBC Standard Bank precious metals strategist, said gold was stuck in a range with the prospect of a rise in U.S. interest rates exerting pressure, while uncertainty...