With US and Canadian markets closed, metals saw little movement today. But the spotlight is on China as new economic data reveals ongoing struggles. Join Shae Russell in today’s Mining Minute as she dives into: -The stagnant prices of gold and silver -T
With US and Canadian markets closed, metals saw little movement today. But the spotlight is on China as new economic data reveals ongoing struggles.
Join Shae Russell in today’s Mining Minute as she dives into:
-The stagnant prices of gold and silver
-The base metals market holding steady amid Chinese growth concerns
-The growing deficit in zinc concentrate despite an abundance of refined zinc
-The impact of falling Chinese steel prices on global markets
-The latest manufacturing PMI data from China, signalling continued economic slowdown
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Can silver catch up to gold? The Aussie dollar shows resilience, and iron ore's price rebound might be short-lived. In today's Mining Minute, Shae Russell breaks down the latest movements in the precious metals market, including silver's potential surge
Can silver catch up to gold?
The Aussie dollar shows resilience, and iron ore's price rebound might be short-lived.
In today's Mining Minute, Shae Russell breaks down the latest movements in the precious metals market, including silver's potential surge to $36-$38, Palladium's surprising jump, and the challenges facing iron ore and oil prices.
🔑Key topics covered:
-Gold holding near record highs at $2520
-Silver's potential rise to $36-$38 as predicted by UBS analysts
-Palladium's recent 3.5% jump and the conflicting narratives behind it
-Copper and iron ore prices under pressure
-The resilience of the Australian dollar amid inflation data
-Oil price forecasts from Goldman Sachs and Morgan Stanley
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Despite a quiet night in the markets, gold continues to push towards recent highs, sitting at $2,520 at the time of recording. Silver remains steady at $29.80, while base metals show a mixed performance. With interest rates locked in for the September Fe
Despite a quiet night in the markets, gold continues to push towards recent highs, sitting at $2,520 at the time of recording.
Silver remains steady at $29.80, while base metals show a mixed performance.
With interest rates locked in for the September Fed meeting, all eyes are now on the upcoming economic data to determine whether the US faces a soft or hard landing.
Brent crude reacts to Middle East tensions, and the Aussie dollar holds strong at 67.7 US cents.
Get the full market rundown in this live update!
"Rate cuts are all but inevitable." Shae Russell reports from Sydney on how the markets reacted to the Jackson Hole Economic Symposium. Gold remains strong, silver climbs, and industrial metals are back in the green. As the Federal Reserve hints at rate
"Rate cuts are all but inevitable."
Shae Russell reports from Sydney on how the markets reacted to the Jackson Hole Economic Symposium.
Gold remains strong, silver climbs, and industrial metals are back in the green.
As the Federal Reserve hints at rate cuts, what's next for the markets?
Don't miss Shae's insights, plus details on the Australian Gold Conference.
Key topics discussed:
-Gold's continued rise and silver's recovery
-Industrial metals' performance post-Jackson Hole
-The Federal Reserve's outlook on rate cuts
-Australian Gold Conference participation details
Markets appear to be in waiting mode until the Jackson Hole Economics Symposium comes to an end later today. Here’s your Mining Minute with Shae Russell #MiningMinute
Markets appear to be in waiting mode until the Jackson Hole Economics Symposium comes to an end later today.
Here’s your Mining Minute with Shae Russell
#MiningMinute
Gold storms to another new high, reaching $2,520 overnight as traders bet on significant rate cuts by the Federal Reserve.
Lithium carbonate prices continue their downward spiral, now at a 3.5-year low, while geranium surged 5% on Tuesday.
Despite local speculation on rate cuts, the Australian dollar remains resilient, trading at 67.4 US cents.
Key topics discussed:
Gold’s continued rally and market expectations
Lithium’s ongoing price decline
Geranium’s unexpected surge
Australian dollar’s resistance to rate cut speculations
Gold Hits New Highs as Lithium Tanks, Geranium Surges, and Aussie Dollar Defies Rate Cuts
Mining Minute - 21st August 2024
Gold Hits New Highs as Lithium Tanks, Geranium Surges, and Aussie Dollar Defies Rate Cuts
Gold storms to another new high, reaching $2,520 overnight as traders bet on significant rate cuts by the Federal Reserve.
Lithium carbonate prices continue their downward spiral, now at a 3.5-year low, while geranium surged 5% on Tuesday.
Despite local speculation on rate cuts, the Australian dollar remains resilient, trading at 67.4 US cents.
Key topics discussed:
Gold’s continued rally and market expectations
Lithium’s ongoing price decline
Geranium’s unexpected surge
Australian dollar’s resistance to rate cut speculations
RBA Minutes, Aussie Dollar Surge and A Tale of Two Aluminium Markets
The RBA's latest minutes are out, and the Aussie dollar is on the rise.
Gold remains steady at near-record highs, while copper traders are getting a bit nervous. Plus, there's a clear divide in aluminium inventories between Shanghai and London.
Shae Russell breaks it all down in today's Mining Minute.
🔑Key topics discussed:
-RBA minutes and Aussie dollar performance
-Gold's stable position and impact on ETFs
-Copper market's reaction to the Escondida mine strike
-Divergence in aluminium inventories between London and Shanghai
-U.S. Department of Defense's investment in Cobalt production in North America
Tempest Minerals (ASX:TEM) Managing Director Don Smith provides the market with a summary of the company's latest findings at the Remorse target ahead of an "exciting" drilling program coming up.
#miningnews #exploration #copper #zinc #drilling
Mining Minute - 19th August 2024
'Gold did what gold has done all year and that is hit another record high,'
In today's Mining Minute, we discuss gold soaring above $2,500 per troy ounce, the strong performance of base metals, and the Aussie dollar breaking its traditional link with iron ore.
Plus, we look at China's tightening grip on critical metals.
Don't miss this essential update for the latest in mining and metals!
Tempest Minerals (ASX:TEM) Managing Director Don Smith provides the market with a summary of the company's latest findings at the Remorse target ahead of an "exciting" drilling program coming up.
#miningnews #exploration #copper #zinc #drilling
Helix Resources (ASX:HLX) Managing Director Kylie Prendergast discusses how the company has expanded its exploration foothold in the Cobar region of New South Wales. Listen here to find out more.
#miningnews #exploration #copper #basemetals #gold
🎉 Happy World Photography Day! 🎉
Today, Miningcomau is thrilled to showcase some of our favourite and top-performing digital illustrations created by the incredibly talented Rochelle Padua, our Head of Design. 🌟
Discover the stories behind these stunning visuals and why they were selected as the best of the best!
🔗 https://mining.com.au/world-photography-day-capturing-news-through-a-different-lens/
#WorldPhotographyDay #MiningNews
Base metals rally, gold treads water, and the market likes US data. Here’s your Mining Minute with Shae Russell
#MiningMinute
📸 Get Ready for World Photography Day! 📸
This Monday, Miningcomau is celebrating the creative genius behind our unique and eye-catching digital illustrations—our very own Head of Design, Rochelle Padua. 🎨
Stay tuned for a special showcase of her incredible work!
#WorldPhotographyDay #MiningNews #digitalart
Iron ore sits at an important psychological level, rate cuts are in sight but gold seems disappointed by the amount and striking copper workers don’t bother traders.
#MiningMinute
Most commodities were in the red overnight. What spooked traders? Here’s your Mining Minute with Shae Russell
#MiningMinute
Most commodities were in the red overnight. What spooked traders?
Here’s your Mining Minute with Shae Russell
#MiningMinute
Alchemy Resources (ASX:ALY) CEO James Wilson talks about a "terrific" opportunity for further discoveries in the West Lynn and Yellow Mountain Project areas. Listen here to find out more.
#miningnews #exploration #asx #newsouthwales #mining
