The market is operating defensively on Thursday after the increase in COVID-19 cases. Stock markets are moving lower, but gold fails to translate that into profit because the dollar is also higher. According to the latest update of the COVID-19 cases from Hopkins University, yesterday, 176 new cases of coronavirus were registered worldwide. It set …
Risk Aversion Goes Up, But Gold Falls Thursday on Dollar Strength Read More »
Prices of Gold fell on Wednesday, pressured by the strength of the dollar. Besides, optimism about a possible COVID-19 vaccine and an economic recovery from the pandemic hurt demand for bullion and supported risky assets. The gold prices dropped by 0.7% to the US $ 1,715.27 an ounce. Meanwhile, gold futures in the US fell …
Gold price falls dollar strength hopes for coronavirus vaccine Read More »
The alarm in the European precious metals market went off when the Covid-19 pandemic spread to all the countries of Europe. First, it spread in Italy and, immediately, in Spain and practically all the EU countries, to a greater or lesser degree. The precious metals market lacks stocks of the most demanded bullion, especially silver. …
The European market has run out of silver bullion stocks Read More »
The spot copper price fell sharply at the beginning of the week. It dropped more than 1.3% to the edge of $ 5711 per ton. Fears of the second round of COVID-19 infections and the impact it would have on world demand for raw materials hit the prices. With the latest movements, the cost of …
Copper price and possibility of a second-wave of COVID-19 Read More »
Today soap has become the new protagonist amid the crisis caused by COVID-19. This cleanser prevents the spread of the virus in the population. In this context, palm oil gains strength, which is considered one of the raw materials for soup manufacturing. Palm oil is essential for the manufacture of bar soaps and some liquid …
The prices of WTI and Brent suffered a decrease in their prices at least 2% on Tuesday, June 9. This Wednesday, the price of WTI crude oil is located at $ 37.95, after yesterday’s fall of 0.99 cents, when the barrel of oil was trading at $ 38.94. Brent also suffered a decrease yesterday. Today …
After a slight drop, WTI crude $38, while Brent is at $40 Read More »
The price of copper posted a rise in the London Metal Exchange. On Wednesday, the metal saw an increase of 2.12 %. The commodity prices have settled at $2.63129 per pound. Copper price was $ 2.57663 per pound on Tuesday and US $ 2.56688 per pound on Monday. The rise of the prices is the …
Copper reaches its maximum value in almost four months Read More »
The United States is the world’s fourth-largest gold producer, behind China, Australia, and Russia. Its 2019 production exceeded 200 tons, spread across a dozen states. However, the majority of production comes from just five states: Nevada, Alaska, Colorado, California, and Arizona. As they explain from NS Energy, the United States has been mining gold from …
Five states that produce the most gold in the United States Read More »
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