Metals Precious Metals and Mining

  • By Sumita Layek and Swati Verma. BENGALURU, Nov 16- Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union, while palladium held near a record high, putting it close to the price of bullion. Spot gold was up 0.2 percent at $1,215.33 per ounce by 1126 GMT, having touched its highest...

  • NEW YORK, Nov 14- Paulson& Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal. Paulson left its interest in SPDR Gold Trust unchanged at 4.3 million shares for the third quarter,...

  • Nov 14- Gold held steady on Wednesday, moving in a tight range around the $1,200- per-ounce level as prospects of rising U.S. interest rates kept the dollar near 16- month peak, making bullion more expensive for holders of other currencies. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. "The key driver in the near term continues...

  • ZURICH, Nov 14- Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead. "Traceable sourcing of the precious metal is essential because it is the only way to prevent gold mined in breach of human rights from being imported into...

  • Commodities tomorrow:

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

  • Outlook for lithium is 'very bright'

    There's a burgeoning demand for lithium. Ken Brinsden of Pilbara Minerals weighs in on how his company is trying to be a "key part" of the supply response.

  • Gold investors are 'really on a back foot': Evolution Mining

    Jake Klein of Evolution Mining says North American gold producers have struggled in the current price environment and failed to deliver into their "optimistic numbers."

  • The spot price in China has collapsed over the course of 2018 as the market absorbs a wave of supply, much of it from the new hard-rock mines that have come on stream in Australia. Outside of China, however, the picture is very different with the price of lithium in bigger-volume contracts consolidating an upwards trend that has been running since 2015..

  • HARARE, Nov 5- Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November. Mines Minister Winston Chitando told a parliamentary committee that after announcing winning bidders for its six...

  • *AngloGold and partner look at selling Sadiola mine in Mali. JOHANNESBURG, Nov 5- AngloGold Ashanti Ltd and its joint venture partner are looking at selling a mine in Mali after failing to reach an agreement with the west African country about an investment project, the company said on Monday. Mali, Africa's third biggest producer of gold after South Africa and...

  • JOHANNESBURG, Nov 4- South African Home Affairs Minister Malusi Gigaba has said he will "fight... to the bitter end" against any moves to remove him after the anti-graft watchdog said he should be disciplined for lying under oath, the City Press newspaper reported. Gigaba told the City Press on Sunday that he faced a sustained political onslaught aimed at forcing his...

  • *Platinum hits highest since June 25. Spot gold was down 0.2 percent at $1,231.22 per ounce by 13:34 p.m EDT. U.S. gold futures settled down $5.3, or 0.43 percent, at $1,233.30.

  • *Platinum hits highest since June 26. Spot gold was down 0.1 percent at $1,231.61 per ounce by 11:12 a.m EDT. The fact that the data is strong despite storm-related disruptions, suggests the economy is humming along strongly and that the Fed will continue to hike interest rates, "said Tai Wong, head of metals trading at BMO.

  • *Platinum hits fresh high since June 27. Spot gold was flat at $1,232.81 per ounce, as of 0702 GMT. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday, as the dollar sagged.

  • *Platinum hits fresh high since June 27. Spot gold was flat at $1,232.46 per ounce, as of 0448 GMT. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday, as the dollar sagged.

  • Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Bolton made the announcement as part of a pledge to crack down on what he called "the troika of tyranny" in the western...

  • Bolton promised a tough stance by the Trump administration toward "dictators and despots near our shores" and singled out Venezuela, Cuba and Nicaragua in a speech in Miami, which is home to large numbers of migrants from Cuba and Venezuela. "Many of you in the audience today have personally suffered unspeakable horrors at the hands of the regimes in Cuba,...

  • Commodities tomorrow:

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

  • JOHANNESBURG, Nov 1- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling. South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners...

  • Nov 1- Sales of gold and silver products by the Perth Mint fell in October, the mint said on Thursday. The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's second-largest gold producer after China. Spot gold gained about 2 percent in October, ending a six-month long run of losses, the longest such streak since a period from August...