The metal is struggling to regain 2021 highs amid weak automotive demand.
Rio Tinto seeking acquisitions to boost growth. Will others follow?
Silver has rallied 33% in the last two months, but profit taking may emerge as the prospect of a hawkish Fed looms and the technical upside appears stretched.
Following a negative 2022, copper may become an intriguing market in 2023 as China reopens from Covid.
Palladium prices have jumped more than 6.5% this month already as wage negotiations carry on in South Africa
Silver has soared more than 7% on Monday boosted by a disappointing September US ISM Manufacturing PMI number
Gold traded mostly flat at about $1,663 per troy ounce, ahead of the September US ISM Manufacturing PMI release
Precious metals were upbeat on Friday morning as the US dollar languished around one-week lows
Precious metals gold, silver, platinum and palladium were subdued due to a rising US dollar on Wednesday morning
Precious metals were mixed on Monday morning following the dollar touching new 20-year highs
The XME has dropped more than 22% since the end of June subdued by softening global demand and high interest rates
Precious metals were quite subdued on Friday morning due to a stronger US dollar and increased rate hikes
Precious metals were distinctly upbeat on Wednesday morning ahead of the US Federal Reserve September meeting
Fitch Ratings' new September report has slashed a number of metal forecasts for the near term, such as copper
Wednesday, February 8, 2023 | |||||
Time (UTC) 23:50 | Country JP | Event Japan-Capital flows data-Foreign Stock Investment* Japan-Capital flows data-Foreign Stock Investment*Forecast -Previous -101.3 | |||
Time (UTC) 23:50 | Country JP | Event Japan-Money Supply-Broad Money* Japan-Money Supply-Broad Money*Forecast -Previous 2084.8 |
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