Shares of Peabody Energy Corp. BTU, +9.34% surged 4.0% in premarket trading Tuesday, after the coal miner reported fourth-quarter profit and revenue that rose well above expectations, recorded record ...
Tag: Metals/Mining
Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...
Opinion: Central banks are buying gold at the fastest rate in half a century
Here’s another reason why it may not be completely insane to add some gold bullion to your 401(k) or retirement account. Central banks are stocking up. Three economists—Serkan Arslanalp and Chima Simp...
Gold prices post a golden cross, settle at highest since April
Gold prices on Friday marked their first settlement above $1,900 an ounce since April, finding support from a weekly decline in the U.S. dollar in the wake of data showing a slowdown in U.S. inflation...
Why gold prices may be headed for record highs this year
Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss....
Gold, silver kick off 2023 by advancing to highest levels in months
Gold prices kicked off the first trading session of 2023 on Tuesday by advancing to fresh 6-month highs, bolstered by lower bond yields and expectations about more central-bank buying. Other precious ...
20 EV stocks that could rebound the most in 2023
Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla. Below is a screen of stocks of companies involved in the development, producti...
Gold prices near highest levels since June as U.S. dollar weakens
Gold and silver prices were trading slightly higher on Tuesday as the U.S. dollar slipped, while industrial metals like copper suffered even as news of China lifting Covid restrictions to reopen its e...
Cleveland-Cliffs shares rise on higher annual fixed prices for steel
Cleveland-Cliffs CLF, +6.77% shares moved up by 2.3% in premarket trades after the steel maker said it will achieve higher annual fixed prices for steel in the calendar year 2023. Cleveland-Cliffs als...
Gold prices end higher, pare their loss for the week
Gold futures ended higher on Friday after a volatile week that saw prices climb to a nearly six-month high but post a weekly decline, pressured by expectations for higher U.S. interest rates. Price ac...
Gold prices log highest finish in just over a week after U.S. inflation data
Gold prices on Friday marked their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than expected. Price action February gold GC00, -0.07% ...
Alibaba stock flies toward best month in 7 years
The U.S.-listed shares of Alibaba Group Holding Ltd. were ending a historically strong month on a high note Wednesday, as the China-based e-commerce giant was swept up in the hope that the country wil...
20 dividend stocks that may be safest if the Federal Reserve causes a recession
Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions. But it’s too early to get excited, because the Federal Reserve hasn’t given ...
Silver prices jump over 8% and gold extends gains as Treasury yields pull back
Silver prices climbed sharply on Monday to post their strongest daily percentage gain since February 2021, and gold futures rose to their highest finish since mid-September as a disappointing reading ...
Silver is outperforming gold this month, and that’s just the start
Silver has underperformed gold this year, but that could soon change. “A real scarcity has been developing in the silver market,” said Keith Weiner, founder and president of precious metals based inve...
Buy Newmont stock for its deep value and ‘very attractive’ dividend, UBS says
Shares of Newmont Corp. were little changed Tuesday, despite selloffs in gold futures and the broader stock market, after UBS analyst Cleve Rueckert said it was time to buy, given “compelling” valuati...
Silver tumbles to 2-year low as precious metals sell off again
Precious metals prices fell again on Thursday as gold tumbled to its lowest level in roughly 6 weeks, while silver hit its lowest in more than two years as investors bet that interest rates will remai...
Gold is down 15% from its record high but here’s why it may still be key to a diversified portfolio
Two years after gold’s rise to its highest-ever price, the metal doesn’t have a lot to show for it. It has failed to regain ground above the $2,000 level, prompting investors to question its ability t...
Gold marks longest losing streak since July, falls nearly 3% for the week
Gold ended Friday at its lowest price in just over three weeks, down a fifth straight session to mark its longest losing streak since early July, as rising Treasury yields and a resurgent U.S. dollar ...
Gold prices log a 4th straight loss to end at a 3-week low
Gold futures gave up early gains on Thursday to suffer a fourth straight session loss, with prices settling at their lowest in three weeks on the back of strength in the U.S. dollar, as investors dige...
Turquoise Hill Stock Plunges After Rejecting Rio Tinto Buyout Offer
Turquoise Hill Resources (TRQ) shares plunged lower Monday after the Canadian mining group rejected a $2.7 billion buyout offer from Rio Tinto plc (RIO) . Turquoise Hill said Rio Tinto’s offe...
Gold scores biggest one day rally since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’
Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in a month. Price action Gol...
Gold prices fall back to a more than 15-month low
Gold futures declined on Wednesday as the U.S. dollar found its footing following a brief pullback, dragging prices for the metal back down to their lowest settlement in more than 15 months. Price act...
Gold prices settle at their lowest level of the year as the dollar index climbs toward a 20-year high
Gold on Tuesday fell below the key $1,800-an-ounce level to settle at its lowest price so far this year, while silver futures ended at a two-year low, on back of a rise in the U.S. dollar index toward...
Gold falls for the week after a dip below $1,800, as silver settles its lowest price in 2 years
Gold futures on Friday briefly dipped below the key $1,800-an-ounce level — posting a loss for the week, while silver prices dropped to their lowest finish since July 2020. The weakness in precious me...
Gold prices down a second week as recession fears drive copper to biggest weekly loss in a year
Gold and silver prices edged up for the session on Friday, but end lower for a second straight week, as copper posted its biggest weekly percentage loss in a year. What are prices doing? August gold ...
This Wall Street legend has lived through every bear market since the 1950s. He says the one coming could hit the S&P 500 with a 30% loss
Bob Farrell, a 90-year-old retiree in Florida, is hardly a household name on Main Street. But on Wall Street, Farrell is an absolute legend. To say that Farrell has seen it all is an understatement. H...
Gold books worst day in 2 months, after suffering biggest monthly loss since September
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...
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...
Netflix is the S&P 500’s worst performer this week — here are the next 14
Investors remained sour for a second consecutive session on Friday as they continued to digest comments from Federal Reserve Chairman Jerome Powell about the prospect for rapidly rising interest rates...
Commodity prices are going haywire, prompting fears of the next financial crisis
The prices of commodities including oil CL00, +1.24%, wheat W00, and palladium PA00, -0.50% have surged this year as much of the global economy shakes off COVID restrictions and as Russia’s invasion o...
Opinion: Ford’s pact with Chinese EV battery maker is a sucker punch to American taxpayers
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor F, +1.30% factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Ampe...