Mining

Gold prices rose Monday, as the pause in hostilities involving?the United States?and?Iran?sent?crude oil to a week-low. This eased inflation fears ahead of this week's U.S. rate decision. Spot gold rose 0.9% to $4,090.79 an ounce at 12:35 pm EDT (1635 GMT), and U.S. Gold Futures for August Delivery rose 0.5%, reaching $4,093.00. The U.S. Dollar Index has weakened by?0.1% making greenback bullion prices more affordable to buyers abroad. Bart 'Melek is global head of commodity strategies at TD Securities. He said that the main reason for the lower interest rates is because the oil'market has fallen from $100 to $90...

Gold prices rose on Monday as the United States and Iran agreed to cease hostilities, sending crude oil prices down to their lowest level in a week, which eased inflation fears ahead of this week's U.S. rate decision. Spot gold rose by 0.9%, to $4.087.59 an ounce, at 09:43 am EDT (1343 GMT), whereas U.S. Gold Futures for August Delivery rose by 0.5%, to $4.090. The dollar index weakened by 0.1%, making greenback-priced bullion more affordable for buyers overseas. The dollar index weakened by 0.1%, making greenback priced bullion more accessible to buyers abroad. Bart Melek is global head of...

Gold prices rose on Monday as the pause in the strikes between the United States' and Iran's forces lowered crude oil prices. This helped ease inflation fears and concerns about higher interest rates during the week that Fed policymakers will meet. Spot gold rose 1% by 1200 GMT to $4,092.87 an ounce, while U.S. Gold Futures for August Delivery rose 0.7% to $4,098.00. "Precious Metals started the week in a positive way, thanks to a pause of hostilities in the Middle East. "Oil has fallen and both the dollar yield and U.S. Treasury yields are down," said Ross Norman, an...

Gold prices rose on Monday as a pause between strikes?between U.S. forces and Iranian forces?helped?crude oil?price?fall. This helped ease inflation fears and concerns about the possibility of higher interest rates during a week when policymakers from the Fed will be meeting. Spot gold rose by 0.9% to $4.089.03 an ounce at 0805 GMT. U.S. gold futures for delivery in August also increased by 0.5%, to $4.090.80. "Precious Metals started the week in a positive way, thanks to a pause of hostilities in the Middle East. "Oil has fallen and both the dollar yields and U.S. Treasury yields are down," said...

Gold prices rose on Monday, as investors waited to see what the U.S. Federal Reserve will do about its policy later this week. By 0421 GMT, spot gold had risen 0.9% to $4.087.79 an ounce. U.S. Gold Futures rose 0.5% to $4089.90. Tim Waterer is the chief market analyst of?KCM Trade. The U.S. Dollar Index fell by 0.3%, making metals priced in greenbacks more affordable to other currency holders. Iran will halt its attacks if the United States also does so, a senior Iranian government official said on Sunday. After President Donald Trump's advisors informed him that they were running...

Gold prices rose by a little more than 1%?Monday, as oil prices fell due to a pause of Middle?East hostilities, easing inflation fears. Investors awaited U.S. Federal Reserve policy announcement. By 0200 GMT, spot gold had risen 1.4% to $4110.56 an ounce. U.S. Gold Futures rose 1% to $41,112.10. Gold is clearly a beneficiary of today's dual price action of oil and the U.S. Dollar, which both dropped due to de-escalation expectations between the U.S. Tim Waterer said that lower oil prices are easing inflation concerns. The U.S. Dollar Index was down by 0.3%. This made greenback-priced gold more affordable...

On Friday, President Donald 'Trump said he wouldn't go ahead with a civil nuclear agreement with Saudi Arabia unless?Saudi Arabia agreed?to a re-normalization of relations with Israel in accordance with the Abraham Accords. The U.S. Department of Energy announced on Wednesday that Energy Sec. Chris Wright and Prince Abdulaziz bin Salman, his Saudi counterpart, had signed an accord on the development of commercial nuclear reactors in oil rich Saudi Arabia. It said that Congress would review it. Since his first term, Trump has worked on a deal to build a nuclear power plant in Saudi Arabia. Joe Biden, the former...

The European Union sanctioned the cryptocurrency exchange HTX on Thursday, as part of its latest effort to increase pressure on Russia's banking system. HTX is a?largest crypto platform in the world. It was formerly referred to as Huobi, and was founded in China. Hong Kong billionaire Justin Sun purchased a controlling interest in the exchange by 2022. It was listed in a list 18 companies that provide crypto services, which the EU claimed helped Russians avoid sanctions. This list was made public on Friday. HTX didn't immediately respond to an email request for a?comment. The EU's new sanctions against Russia...

Gold prices climbed on Friday as oil prices fell, and investors watched developments in the Middle East to get a better idea of inflationary risks fueled by energy, as well the outlook for U.S. rates. Spot gold increased 0.4%, to $4.061.36 an ounce, by 1115 GMT after falling 0.6% earlier. U.S. gold futures for delivery in August gained 0.3%, to $4.063.60. The gold price has moved from a negative to a slightly positive territory, driven by the lower oil prices. This reduces pressure on Fed to adjust rates, said UBS analyst Giovanni Staunovo. He added, "Our view is that the...

Gold ticked up a bit?on friday, reversing previous losses, as oil fell below $100?per barrel mark. Investors are watching developments in the Middle East to get a fresh perspective on inflationary risks driven by energy and the outlook for U.S. rates. Spot gold was up 0.2% at $4,055.38 an ounce as of 0925 GMT after falling 2% Thursday to $4.047.26. U.S. gold futures August delivery rose 0.2%, to $4.058.10. "Gold is now slightly positive after moving from a negative position earlier, driven by lower oil prices. This has reduced pressure on the Fed's rate-setting," said UBS analyst Giovanni Staunovo. He...

Enervoxa, a Canadian developer of climate technology, plans to talk with Vedanta and Hindalco Industries in India as well as the state-owned NALCO. The company is looking at setting up a plant there to 'extract rare Earths from waste byproducts produced during aluminium production. Enervoxa CEO Vandit Verma said that a?commercial-scale' plant would cost between $250 and $350 million. It could be funded by a combination of project financing and strategic equity. He said that the company was looking for possible locations in eastern India to build this project. The recovery of rare?earth?concentrates from bauxite residue, a byproduct known as...

Newmont beat analysts' estimates for the second quarter profit on Thursday as higher gold prices helped to offset lower production. Gold prices have been rising on the back of a steady demand for safe-haven assets and hopes that U.S. rates will be cut. However, a stronger dollar as well as inflation fears fuelled by oil price volatility during the Iran War has?limited gains. Gold prices that are higher usually boost revenue and margins for miners. Prices for 'the yellow metal' averaged $4,606.41 per ounce during the second quarter 2026. This is up 37% from one year ago. Newmont's average quarterly...

Prices of copper rose Monday, as oil prices fell after the U.S. & Iran ended hostilities. This eased?concerns over price pressures and economic growth. Benchmark copper prices on the London Metal Exchange were up 0.6% at $13,733 per metric ton, 1606 GMT. The Pentagon has suspended its campaign against Iran after 13 nights of increasing airstrikes by the United States. Iran has been holding fire for the past two days after it had responded to each night's U.S. airstrikes with its own attacks on countries in close proximity that house U.S. military bases. As the fighting paused, oil prices fell...

Prices of copper rose on Monday as oil prices dropped after the U.S. &?Iran ended hostilities. This eased concerns over price pressures and economic growth. Benchmark 'copper' on the London Metal Exchange rose 0.6% to $13,729 per metric ton as of 1427 GMT. The Pentagon suspended its campaign against Iran on Friday after 13 nights of increasing U.S. airstrikes. Iran has been holding fire for the past two days after it had responded to each night's U.S. airstrikes with its own attacks on countries in close proximity that house U.S. military bases. The oil prices fell as a result of...

Prices of copper rose on Monday as oil prices dropped after the U.S. & Iran ended hostilities. This eased 'concerns over price pressures and global economic growth. Benchmark copper on the London Metal Exchange was up 0.9% at $13,770 per metric ton of official rings. The Pentagon suspended its campaign against Iran on Friday after 13 nights of increasing airstrikes by the United States. Iran has been holding fire for the past two days after it had responded to each night's U.S. airstrikes with its own strikes on neighbouring countries which host U.S. base. The oil prices fell as the...

Data?from Hong Kong’s Census and Statistics Department revealed?on a Monday that China’s net gold imports through Hong 'Kong had more than doubled in the past year, but dropped over 5% compared to last month. Data showed that the?world's largest gold consumer imported 50.679 tons of gold through Hong Kong via Hong Kong, compared to 53.674 tons from May and 19 366 tons by June 2025. Hong Kong data may not be a complete view of Chinese gold purchases because it is also imported via Shanghai and Beijing. China's total imports of gold via Hong Kong reached 78.147 tonnes in June,...

Prices of copper rose on Monday as oil prices fell following the U.S.-Iran pause in their two-week long conflict, which eased concerns about inflationary risks for?global growth. The benchmark three-month 'copper' on the London Metal Exchange gained 0.32% to $13,688.5 per metric tonne by 0700 GMT. The Shanghai Futures Exchange's most traded copper contract was up 0.31% to 105,050 Yuan ($15.523.64) per metric ton. The U.S. announced that it was halting its airstrikes against Iran after 13 nights of attacks. Tehran also said it would cease its attacks. Brent crude dropped more than 6% on Monday, after reaching $100 per...

Prices of copper rose on Monday as a result of a tentative?halt to fighting between the U.S.A. and Iran, and relief in the oil market. Benchmark three-month Copper on the London Metal Exchange gained 0.26% to $13,681 per metric ton at 0300 GMT. The most traded copper contract at the Shanghai Futures Exchange rose 0.27% to 105,010 Yuan ($15.515.43) per metric ton. After 13 nights of airstrikes, the U.S. announced that it was stopping its attacks on Iran. Tehran also said that it would cease its retaliatory strikes. Oil prices were able to recover a little from the?tentative ceasefire. Brent...

You wouldn't guess it by the price of aluminium. Two damaged Gulf smelters, and the resulting?logistical constraints at other smelters have already created a 2 million metric ton gap in the global supply chains. After surging to a 4-year high of $3,787.50 per tonne in early June, London Metal Exchange's (LME) 3-month aluminium now trades around $3,170 a tonne, exactly where it traded before the United States launched its "Operation?Fury", a joint strike with Israel against Iran, on February 28. Where did the war premium end up? Is the market right in being so'relaxed' about?the unprecedented shortage of a metal...

Copper was?higher? on Friday and on track for a small weekly gain, as stocks outside of the United States tightened. This offset macro-concerns. The benchmark three-month copper price?on London Metal Exchange?was up by?0.2% to $13,626.50 per metric ton at 0925 GMT, after two sessions in which it had fallen. The metal is on track to end the week with a 0.7% increase after the Middle East conflict escalated and sent oil prices over $100 per barrel. Shanghai Futures Exchange copper stocks in China's top metals consumer, China The weekly total fell by 12.9% compared to the previous week, reaching 69,610...

The price of copper is expected to rise despite a drop from midweek, as an escalation in Middle East conflict has exacerbated inflation fears and affected the macroeconomic outlook. The benchmark three-month copper contract on the London Metal Exchange remained stable, adding 0.35% to $13,642.50 per metric ton at 0700 GMT. The Shanghai Futures Exchange's most traded copper contract fell by 1.19% to 104,750 Yuan ($15.461.03) per metric ton. Prices have risen by 0.88% at the LME, and 1.6% at the SHFE, since the beginning of the week. However, they are still down from the midweek highs when metal prices...

India's gold discount widened to its highest level in seven weeks as demand remained low after a price rise earlier in the week discouraged buyers. However, top consumer China experienced an increase in purchasing interest. On Friday, domestic gold prices traded at around 141.800 rupees for 10 grams, after rising earlier in the week to?146,000. "Footfalls in jewellery stores are negligible." Retail buyers wait for a meaningful price correction before they make purchases, said a jeweller in Chennai. Dealers quoted discount This week, you can save up to $56 per ounce on official domestic prices, including 15% import duty and...

Analysts said that China's imports of iron ore are expected to increase for the third year in a row in 2026 as steelmakers purchase more to compensate for a 'declining' iron content, and Guinea's Simandou Project boosts supply. Analysts said that the top iron ore consumers imports will likely rise by as much as 4 percent to a new record just above 1.3 million metric tons. This is expected to help prevent a price decline due to oversupply. The second largest economy in the world is expected to import more steelmaking ingredients, even though its crude steel production is set...

The price of copper is expected to rise despite the fact that it has fallen from its mid-week peak. An escalation in the Middle East conflict will increase inflation concerns and weigh on the macroeconomic outlook for the global economy. Benchmark?copper for three months on the London Metal Exchange remained stable, adding 0.11% to $13,609.5 per metric tonne by 0300 GMT. The Shanghai Futures Exchange's most traded copper contract fell 1.4% to 104,530 Yuan ($15,426.51) per metric ton. Prices have risen 0.63% at the LME, and by 1.39% at the SHFE, since the beginning of the week. However, they are...