base-metals

To predict silver price performance in a recession, look to copper – StoneX’s Rhona O’Connell teaser image

To predict silver price performance in a recession, look to copper – StoneX’s Rhona O’Connell

Silver’s performance in a recession is more closely tied to copper than gold, says analyst Rhona O'Connell, as industrial demand drives the gray metal's value.

Oct 15, 2024 - 3:30 PM

New bans on Russian metals mean China will buy low and sell high to supply the U.S., Europe, and UK teaser image

New bans on Russian metals mean China will buy low and sell high to supply the U.S., Europe, and UK

Apr 19, 2024 - 11:07 AM

Gold rockets above $2,400 as commodities catch fire, analysts see no end in sight teaser image

Gold rockets above $2,400 as commodities catch fire, analysts see no end in sight

May 17, 2024 - 1:06 PM

‘Cold War 2.0’ just one reason why gold will outperform silver, base metals in H2 2024 – Bloomberg’s McGlone teaser image

‘Cold War 2.0’ just one reason why gold will outperform silver, base metals in H2 2024 – Bloomberg’s McGlone

Jun 25, 2024 - 3:05 PM

Gold the best hedge against inflation and geopolitical risk, price will rise 16% to $2,700 by year-end – Goldman Research teaser image

Gold the best hedge against inflation and geopolitical risk, price will rise 16% to $2,700 by year-end – Goldman Research

Jun 27, 2024 - 12:14 PM

Precious metals should shine in H2 2024 based on seasonal trends, summer price gains should be strong – MKS PAMP teaser image

Precious metals should shine in H2 2024 based on seasonal trends, summer price gains should be strong – MKS PAMP

Jul 04, 2024 - 3:13 PM

Antofagasta reports 11% rise in 2024 core profit

Chilean copper miner Antofagasta posted an 11% jump in annual core profit on Tuesday, helped by higher prices for the metal.Earnings before interest, tax, depreciation and amortization (EBITDA) for the full year rose to $3.43 billion from $3.09 billion a year earlier.The copper miner’s proposed final dividend of 23.5 cents a share is a 50% payout of underlying earnings per share.Antofagasta made a record shareholder payout of 142.5 cents a share in 2021, amounting to $1.4 billion. Its policy is to return at least 35% of net earnings to shareholders.

Tax enforcers, rocket scientists, bank regulators fired as Trump slashes federal workforce

WASHINGTON, Feb 18 - President Donald Trump's administration targeted bank regulators, rocket scientists and tax enforcers on Tuesday as it sought to fire thousands more federal employees in an unprecedented assault on the U.S. civil service.

Elon Musk casts doubt on $425 billion U.S. gold reserve at Fort Knox ahead of personal DOGE audit

(Kitco News) – Fresh off his recent forays into the Treasury Department’s payment systems, tech billionaire Elon Musk is now gearing up to conduct an in-person audit of the United States’ gold reserves at Fort Knox on behalf of the Department of Government Efficiency (DOGE).

Something big is coming: Gold price was suppressed but this is ending now – Andy Schectman teaser image

Something big is coming: Gold price was suppressed but this is ending now – Andy Schectman

(Kitco News) - As gold prices continue to push towards the $3,000 an ounce level, mounting concerns over supply constraints and central bank accumulation are driving uncertainty in the global market.

Equinox Gold eyes growth after record production, focuses on debt reduction teaser image

Equinox Gold eyes growth after record production, focuses on debt reduction

(Kitco News) - Equinox Gold is setting its sights on further growth and strategic acquisitions after a year of record production, according to Chairman Ross Beaty.

Anglo’s Kumba wants private investors to run key iron ore rail line teaser image

Anglo’s Kumba wants private investors to run key iron ore rail line

Anglo American’s South African iron ore business wants private investors to run a rail line that is crucial for shipments of the steelmaking ingredient to export markets, it said on Tuesday.The 861-km (535-mile) rail line, owned and operated by struggling state company Transnet, runs from Kumba Iron Ore’s Sishen mine in South Africa’s Northern Cape province to Saldanha port.However, it has been beset by derailments and Transnet’s balance sheet “constraints” mean it is unable to run the line efficiently, said Kumba CEO Mpumi Zikalala.

This is how undervalued gold is compared to the S&P 500 - LPL Financial teaser image

This is how undervalued gold is compared to the S&P 500 - LPL Financial

(Kitco News) - The gold market has recovered most of its ground after Friday’s sharp selloff, and while the precious metal is expected to see further volatility in the short term, one investment firm believes its long-term uptrend remains firmly in place.