Gold futures finished sharply lower Monday, recording their sharpest daily decline in about two months, while building on an April retreat that left the precious metal with its worst monthly performan...
Tag: Metals Markets
Gold prices settle at a 2-month low as investors sidestep the metal for more attractive safe havens
Gold futures on Monday posted their lowest finish since late February, with the traditional haven failing to find support as investors dumped equities and other assets perceived as risky, while jumpin...
Cleveland-Cliffs Crushes Earnings Estimates. Contract Steel Pricing Does It.
Rising prices helped steel maker Cleveland-Cliffs report much better-than-expected first-quarter sales and earnings. Prices for Cliffs steel rose even as spot prices for steel dropped in the first qua...
Bitcoin could reach $1.3 million in this scenario, VanEck says
Bitcoin could reach a price of $1.3 million while gold may top $31,000 per ounce, if the assets become the sole reserve asset across the globe, respectively, according to a new report. As the U.S. an...
The nickel market tumult: What investors need to know
Like many other commodities, nickel became a victim of the supply concerns brought on by the Russia-Ukraine war, as a price spike on the London Metal Exchange earlier this month led to the suspension ...
Soaring Nickel Will Drive Tesla, EV Players to Do This With Batteries
A basket of metals that go into lithium ion batteries is up 64% so far in 2022, which theoretically raises the sticker price of an average electric vehicle. Ronny Hartmann/AFP via Getty Images Text si...
JPMorgan Leads Talks to Contain Nickel Crisis Damage
Some of the world’s biggest banks worked over the weekend to resolve a crisis in the nickel market that leaves them on the hook for billions of dollars owed by a Chinese metals giant. JPMorgan Chase J...
Gold back above $2,000 on Russia-Ukraine war, as annual U.S. inflation rate climbs to a 40-year high
Gold futures climbed back above the key $2,000 mark on Thursday as Russia ramped up its attack on Ukraine and a reading on the annual U.S. inflation rate climbed to a 40-year high. Strength in prices ...
Can gold rally past $2,000? Precious metal rises as Russia’s assault on Ukraine intensifies
Gold futures settled higher Thursday, resuming their climb as fighting in Eastern Europe intensified, with hope dimming of successful talks to end the Russia-Ukraine conflict. “The Ukraine conflict ha...
Gold Is on a Tear. Is Silver About to Catch Up?
Text size Freshly cast 30 kilogram silver ingots. Andrey Rudakov/Bloomberg Gold and silver often trade in sync. And after lagging gold for the past eight months, silver appears to be trying to play ca...
European Indexes Waver, Russian Stocks Fall Amid Ukraine Tensions
European stock indexes wavered as investors watched for signs of escalation between Moscow and the West, alongside the potential for a diplomatic solution. U.S. stock markets will be closed Monday fo...
Why Barrick Gold’s CEO Is Looking to Boost Its Copper Business
Text size Barrick aims to boost its gold production to 4.8 million ounces annually by the end of decade from 4.4 million in 2021. David Gray/AFP via Getty Images Mark Bristow, the CEO of one of the bi...
Russia-Ukraine Tensions Power Gold to Eight-Month Highs
Escalating tensions between Russia and Ukraine have boosted gold prices to their highest levels since June. Gold has gained in 12 of the past 15 sessions, including seven straight through Monday, lif...
The Gold Rush Is On. It’s Not Too Late to Get In.
Text size Investors can buy a gold exchange-traded fund like SPDR Gold Shares or iShares Gold Trust, which own the precious metal. Chris Ratcliffe/Bloomberg The chase is on. The chase for gold, that i...
Albemarle Stock Tanks on Earnings. But Lithium Prices Are Going Up.
Text size Albemarle’s results are being hurt by inflation. Cristobal Olivares/Bloomberg Albemarle stock fell, hard, after the lithium miner reported fourth-quarter numbers late Wednesday. Result...
Opinion: Why gold isn’t likely to be a safe haven for your money if Russia invades Ukraine
Gold is rallying now but don’t be surprised to see prices fall if Russia invades Ukraine. That’s because the price of gold GC00, +0.17% usually declines in the wake of geopolitical crises. Investors b...
Rising Battery Prices Add Uncertainty to Electric-Vehicle Costs
Surging prices for the metals that make up electric-vehicle batteries have ended a decadelong decline that brought the cost of EVs to within spitting distance of gasoline-powered vehicles. Newsletter ...
Gold suffers worst week since November as prices settle at a more than 6-week low
Gold prices posted their lowest finish in more than six weeks on Friday, as the dollar climbed in a week that has helped solidify opinions among investors that the Federal Reserve is readying for an i...
U.S. Steel’s Earnings Fell Short. That Isn’t the Real Problem.
Text size The price of steel coils is dropping. Ina Fassbender/AFP via Getty Images United States Steel stock is doing nothing after a bad earnings miss. Investors just don’t appear to care about prof...
Variable Dividends Are a Growing Trend in Resources and Energy. How to Play the Stocks.
For companies that pump out cash, dividends are a popular way to share some of it with their shareholders. But that cash-generation power may fluctuate, so many companies in the energy and resources s...
Opinion: Gold prices have been surging, but the rally is on shaky ground
Gold’s path of least resistance over the near term is down. That’s because the gold market timing community is overwhelmingly bullish right now. That’s a bad sign from a contrarian point of view. It m...