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2 days ago | 
bloomberg.com | Jack Ryan |Yvonne Yue Li
A crane unloads iron ore from a barge at the Thyssenkrupp Steel Europe AG steel plant in Duisburg, Germany. Photographer: Alex Kraus/Bloomberg(Bloomberg) -- Industrial metals including copper were higher, as traders weighed the impact of the US-China trade truce against ongoing concerns about inflation and economic growth. The latest data showed US inflation rose less than forecast in April amid tame prices for clothing and new cars, according to Bureau of Labor Statistics data.
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6 days ago | 
news.bloombergtax.com | Sybilla Gross |Jack Ryan
Gold extended a decline as the dollar ticked up and President Donald Trump teased plans to unveil a “major” trade deal Thursday, boosting optimism that negotiations to soften some of the US’ sweeping tariffs are making headway. Bullion traded near $3,340 an ounce, after losing 2% in the previous session. A gauge of the greenback rose 0.3%. The US announcement on Thursday is expected to involve an agreement with the UK, according to people familiar with the matter.
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1 week ago | 
bloomberg.com | Yvonne Yue Li |Jack Ryan
(Bloomberg) -- Gold advanced as investors digested trade comments from US Treasury Secretary Scott Bessent while awaiting the Federal Reserve’s interest-rate decision. Bessent that some “very good” offers have been made to the US in negotiations with trading partners, reiterating that some deals may be announced as soon as this week.
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1 week ago | 
news.bloomberglaw.com | Sybilla Gross |Jack Ryan
Gold edged higher as the dollar weakened, but the precious metal is still set for its first back-to-back weekly loss this year, as haven appeal eased on signs of a thaw in the US-China trade war. Gold rose 0.8%, while a gauge of the greenback fell 0.6%. A weaker dollar tends to benefit gold, making it cheaper for buyers in other currencies.
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1 week ago | 
ca.finance.yahoo.com | Sybilla Gross |Jack Ryan
(Bloomberg) -- Gold edged higher as the dollar weakened, but the precious metal is still set for its first back-to-back weekly loss this year, as haven appeal eased on signs of a thaw in the US-China trade war.
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2 weeks ago | 
news.bloombergtax.com | Jack Ryan
Banks including Macquarie Group Ltd and Bank of Montreal will deliver a record amount of silver against futures contracts in New York on Thursday, as traders look to close out arbitrage wagers sparked by tariff fears. Traders issued notice that they would physically deliver more than 58 million troy ounces of silver against May futures contracts on New York’s Comex exchange, the biggest single day of deliveries since 1995. At Wednesday’s prices, those shipments were worth more than $1.8 billion.
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2 weeks ago | 
news.bloomberglaw.com | Jack Ryan
Banks including Macquarie Group Ltd and Bank of Montreal will deliver a record amount of silver against futures contracts in New York on Thursday, as traders look to close out arbitrage wagers sparked by tariff fears. Traders issued notice that they would physically deliver more than 58 million troy ounces of silver against May futures contracts on New York’s Comex exchange, the biggest single day of deliveries since 1995. At Wednesday’s prices, those shipments were worth more than $1.8 billion.
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2 weeks ago | 
news.bloomberglaw.com | Jack Ryan
ArcelorMittal SA said US tariffs and European support for local steelmakers are boosting prices, but warned of potential disruptions from global trade uncertainty. That could lead to lower steel demand than the company forecast earlier this year, ArcelorMittal said in a statement on Wednesday. In February, the top steel producer in the West saw consumption outside China growing by 2.5% to 3.5% this year as customers replenish stockpiles.
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3 weeks ago | 
financialpost.com | Yihui Xie |Jack Ryan
Bullion fell by as much as 1.5 per cent during U.S. hours after earlier surging to a fresh record as risk appetite improved with equities bouncing back, bonds and the dollar stabilizing. The precious metal is also in the overbought territory, signalling the recent price ascent may be overdone. Its 14-day relative-strength index — a gauge of the pace and intensity of moves — topped 78, above the level of 70 that can point to an asset being overbought.
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3 weeks ago | 
bloomberg.com | Yihui Xie |Jack Ryan
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