Gold, silver sell off on reports Hezbollah seeking ceasefire

North American investors lead gold ETF surge as Fed cuts rates and geopolitical tensions rise

Surging utility stocks primed for more gains as energy costs fall and interest rates ease - Ed Butowsky

Gold prices could drop after latest NFP implies shallower rate cut path – TD Securities’ Ghali

Stocks rise, Bitcoin and gold dip as investors eye CPI report and rate cut path

China’s central bank purchases no gold for fifth straight month in September

Stocks fall, Bitcoin holds $63k as investors reassess rate cut hopes

Russia looks beyond gold as it plans to build a precious metals reserve in the next three years

JPMorgan predicts bullish ‘Uptober’ as Bitcoin begins Q4 rally

Gold price to drop as the market is running out of buyers - DeCarley Trading’s Carley Garner

Hedge funds now targeting Argentina’s gold reserves abroad

BRICS eyes petroyuan for oil settlements as de-dollarization trend accelerates

India gold imports hit 42-month high in August, silver coin sales down in 2024 despite price gains – Heraeus

Gold price firmer as safe-haven demand still supportive 

Gold market analysis for October 8 - key intra-day price entry levels for active traders

Smaller US trade deficit supports strong economic growth estimates for third quarter

Dollar steady, focus on Fed path, China, Middle East

Inside pig butchering scams: Crypto victims share their stories

Why this earnings season will drive a 'muted market reaction'

Chinese central bank did not buy any Gold in September either – Commerzbank

Could Hurricane Milton distort economic data amid rate cuts?

Bitcoin Coinbase premium turns negative as BTC price stalls under $63K

SMCI: Super Micro stock soars 16% as battered AI server maker posts solid shipping numbers

El-Erian says bond market ‘lacks anchors’ for Fed rate-cut path

Pound, gold and oil prices in focus: commodity and currency check, 8 October

China's stock market rally: A repeat of the 2015 crash or a sustainable turn?

ECB’s private credit probe finds banks don’t see full exposures

GBP/USD: Sterling extends drop to fifth day, slips under $1.31 ahead of major news

Receding rate-cut expectations weigh on Gold price – Commerzbank

Gold retreats from record level amid weak global trend, silver trades flat   

Polish central banker Janczyk sees rate cuts if inflation peak confirmed in March

A decade-long commodity supercycle is just getting started – analysts 

Gold near steady, silver down amid pensive marketplace

Gold price near steady; geopolitics remain on front burner 

Gold market analysis for October 7 - key intra-day price entry levels for active traders

Who is Satoshi Nakamoto? HBO documentary to answer crypto’s biggest question

World Gold Council embraces blockchain: gold tokenization pilot prepares for digital future

Bitcoin’s ‘digital gold’ status questioned as gold surges and BTC falls

Ohio state senator introduces bill to allow crypto to be used for tax payments

Gemini to exit Canadian market, close all accounts by end of 2024 

US Rep. Maxine Waters says ‘crypto is inevitable’ as the race to regulate stablecoins heats up

Kamala Harris highlights blockchain, AI, and tech leadership amid growing crypto focus

Bitcoin/gold ratio could increase by 400% in 2025 – Peter Brandt

Over 70% of leading financial advisors admit to holding Bitcoin, client allocations expected within a year – Bitwise CIO

HSBC unveils quantum leap in gold token security

Bitcoin price and the presidential outcome: $120k with Trump, $75k with Harris – analysts

Bank of Canada suspends plans to introduce CBDC to the public

Ethereum is the contrarian bet you shouldn’t ignore – Bitwise CIO Matt Hougan

Burkina Faso miners tumble after president's remarks

It would be 'shocking' if silver didn't break all-time highs - Dolly Varden Silver's Shawn Khunkhun

Couer to acquire SilverCrest in $1.7 billion all-share deal

Japan’s biggest oil refiner Eneos Holdings is spinning off its metal unit, JX Advanced Metals (JXAM), saying on Tuesday JXAM has applied for a listing on the Tokyo Stock Exchange to improve focus on their respective areas of expertise.The market capitalization of JXAM is expected to exceed 700 billion yen ($4.7 billion), making it a larger listing than Tokyo Metro, one of two subway operators in Japan’s capital, which is due to list on Oct. 23, Nikkei business daily said.Eneos and JXAM have been preparing for the initial public offering (IPO) of the metal unit since May 2023, stating that it is the best way to promote the sustainable growth of corporate value for both companies.The listing will enable Eneos to make swift investment decisions needed to transform its business portfolio to realize the energy transition, they said in a joint statement.JXAM aims to enhance corporate value by establishing a management structure for its specialized materials business, enabling rapid decision-making and optimizing capital based on business needs, they said.The metal unit has shifted its focus from mining and smelting to supplying advanced materials, focusing on semiconductor parts, after massive impairment losses from its investment and operation of the Caserones copper mine in Chile.“The listing will allow us to accelerate capital investments in competitive areas like semiconductor materials and advanced materials,” a spokesperson said.The metal company, which retains a 30% stake in Caserones, plans to remain in mining and smelting to secure essential metals, including rare metals like tantalum, needed to produce advanced materials, the spokesperson said.JXAM aims to outpace market growth through technological differentiation and market creation in the advanced materials sector, it added.The company will need approval from the TSE following a listing examination by the Japan Exchange Regulation.“We can’t comment on the potential size of market capitalization or the timing of the listing,” the spokesperson said.($1 = 147.8500 yen)(By Yuka Obayashi; Editing by David Evans)

Japan’s JX Advanced Metals files IPO application in Tokyo

Global physically backed gold exchange-traded funds (ETFs) registered a fifth consecutive month of inflows in September as North America-listed funds added to their holdings, the World Gold Council (WGC) said on Tuesday.Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal that touched a record high of $2,685.42 an ounce on Sept. 26, buoyed by the start of US interest rate cuts.After three consecutive years of outflows against a backdrop of high interest rates, the past five months have turned year-to-date net flows in dollar terms to a positive $389 million.Gold ETFs registered inflows of 18.4 metric tons, or $1.4 billion, in September to lift collective holdings to 3,200 tons, the WGC said in a research note.A stronger gold price and recent inflows pushed total assets under management to a month-end peak of $270.9 billion in September.The WGC, and industry body grouping global gold miners, estimates that worldwide gold trading volumes rose in September by 7% month on month to $259 billion a day while average trading volumes in the over-the-counter (OTC) market added 10% to $176 billion.With the gold price up 28% this year and the prospect of future US rate cuts, speculators increased their total net long position on COMEX by 6% from August to 976 tons by the end of September, the highest level since February 2020.(By Polina Devitt; Editing by David Goodman)

Gold ETFs registered fifth month of inflows in September, says WGC

Oct 5 (Reuters) - Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, without specifying which permits could be cancelled."We know how to mine our gold and I don't understand why we're going to let multinationals come and mine it," Traore said in a radio address to mark two years since he seized power in a coup. "In fact, we are going to withdraw mining permits," he said. He did not specify which permits or provide further detail.Gold is the main export of the West African country, where frustration over a long-running security crisis helped bring the junta to power in 2022. Since then, it has severed longstanding ties with Western allies and sought closer relations with Russia.London-listed Endeavour Mining, Australia-based West African Resources, Russia's Nordgold, and Canada's Orezone Gold Operations have been complicated by growing insecurity. Despite the junta promising to contain groups linked to Al Qaeda and Islamic State, the country saw a severe escalation of deadly attacks in 2023, with more than 8,000 people reportedly killed, according to U.S.-based crisis-monitoring group ACLED. Writing by Alessandra Prentice; editing by Jason Neely

Burkina Faso plans to withdraw some mining permits, junta leader says

State-run Steel Authority of India (SAIL) has signed a pact with global miner BHP to work on reducing carbon emissions at the Indian steel producer’s plants that operate blast furnaces, SAIL said in a statement on Monday.The companies are considering the use of hydrogen and biochar at SAIL’s plants while also building local research and development.“The emergent need to align the steel sector with climate commitments is non-negotiable,” SAIL chairman Amarendu Prakash said.India, the world’s third-largest emitter of greenhouse gases, has pledged to achieve a net zero carbon emission target by 2070.India’s steel industry accounts for 10%-12% of the country’s total emissions, generating 2.54 metric tons of carbon dioxide for every ton of steel produced, which exceeds the global average of 1.91 metric tons.(By Neha Arora and Yagnoseni Das; Editing by Mrigank Dhaniwala)

India’s SAIL ties up with BHP to reduce carbon emissions

The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader IXM’s head of refined metal said.Sales of electric vehicles have slowed for reasons including a lack of charging infrastructure and concerns about resale values.“The electric vehicle industry is new. There are a lot of variables including penetration rates and battery chemistries which makes forecasting demand a guessing game,” Tom Mackay said.“Growth in electric vehicle sales is slowing, but sales are still increasing. It varies from region to region, but overall growth is strong and the demand story for metals is healthy.”According to consultancy Rho Motion, sales of battery EVs and plug-in hybrid EVs rose 32% last year to 13.63 million units, while in the first and second quarters of this year sales were down 25% and up 22% respectively from the previous quarters.Copper is used in electric vehicle wiring. It is also used in the batteries, which typically contain lithium and depending on the chemistry nickel and cobalt.“There have been some impressive technological advances in LFP (lithium ion phosphate) chemistry. Some LFP batteries can go for 1,000 kilometers and some can charge up to 80% in 10 minutes,” said Mackay, who manages the copper cathode, zinc, lead nickel, cobalt and lithium books at the Swiss-based trader.LFP batteries were developed for the Chinese market to provide a cheaper alternative to nickel cobalt manganese (NCM). But earlier LFP batteries could not be used for long distances.“People still believe Western world battery demand will still be predominantly NCM, if only because of the higher value of recycling NCM batteries,” Mackay said.“Recyclability is a very important factor for automakers when deciding what chemistries to use.”Mackay added that the number of people working at IXM globally is lower than before, around 440.“Focus has been on the quality of people. We exited the aluminum business because it wasn’t providing the return we require from the resources.”(Reporting by Pratima Desai; editing by Emelia Sithole-Matarise)

Copper demand for electric vehicles is intact, trader IXM says

The Serbian parliament on Monday began debating an opposition proposal to ban lithium and borate mining and exploration, which would effectively put an end to a contested Rio Tinto project in the west of the country.In July, Serbia reinstated Rio Tinto’s licence to develop what would be Europe’s biggest lithium mine, two years after the previous government halted the process due to concerns from environmental groups.That decision in July triggered nationwide protests including blockades of roads and railways.If implemented, the $2.4 billion Jadar lithium project could cover 90% of Europe’s current lithium needs and make Rio Tinto one of the world’s leading lithium producers. Lithium is a key component in batteries for electric vehicles and mobile devices.Serbian officials argue that the mine will boost the Balkan country’s economy, while environmentalists say that the industrial waste produced by the mine would poison land and water in the region.Rio Tinto said in July that the project would be subject to stringent environmental requirements including an “extended phase” of legal, environmental and permitting procedures and public consultations before it was implemented.In June, Serbia’s President Aleksandar Vucic said the start of the mining could be expected in 2028 at the earliest.Dubravka Djedovic Handanovic, the minister for mining and energy, told parliament that Belgrade would insist on Rio’s adherence to international environmental and industrial standards.She said a ban would be harmful for the economy as Serbia would lose investments, jobs and revenue from the project and potential production of batteries and electric cars.Danijela Nestorovic, a deputy from the opposition Ecological Uprising movement, which proposed the ban as an amendment to the existing mining law, said that lithium mining would be devastating for the environment.“There has never been a greater danger for Serbia,” she said. “Nothing will stop without lithium; there will be no apocalypse and no austerity.”The ruling coalition, which said it will not back the opposition proposal, has a comfortable majority of 156 deputies in the 250-seat parliament. Parliament will vote on the proposal in the coming days, pending the end of the debate.Environmental groups warned they would stage more protests if parliament blocked the opposition proposal.(By Aleksandar Vasovic; Editing by Alison Williams)

Serbia’s parliament debates ban on lithium mining

Metals keep rolling after good jobs report, and Couer acquires SilverCrest for $1.7 billion

China’s commerce ministry said on Wednesday it has asked the World Trade Organization (WTO) to rule on Canada’s imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products.Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products.“China has raised a litigation to the WTO over Canada’s unilateral and trade protectionist measures, and will conduct anti-discriminatory probe into these restrictive measures,” the ministry said in a statement.The ministry repeated its strong opposition to the tariffs, which it says will “disrupt and distort global industrial and supply chain.”(By Chen Aizhu; Editing by Shri Navaratnam)

China files appeal to WTO on Canada’s tariffs on EVs, metal products

Chilean state-run miner Codelco has signed a letter of intent with Swedish-Swiss technology company ABB to explore a collaboration focused on decarbonizing and automating its operations, the copper giant said in a statement Friday.The strategic collaboration between both companies would be a long-term one, Codelco said, with the aim of identifying the miner’s innovation needs to pursue its commitments to sustainable development.(By Daina Solomon and Aida Pelaez-Fernandez; Editing by Gabriel Araujo)

Codelco signs letter of intent to collaborate with ABB on decarbonization

Russian aluminum producer Rusal plans to double the capacity of its Boguchansky aluminum smelter in Siberia to 600,000 metric tons by 2030, the local government in the Krasnoyarsk region, where the plant is located, said on Friday.Rusal, the world’s largest aluminum producer outside China, launched the first production line at Boguchansky in 2019. The plant is jointly owned with the state-controlled power generating company Rushydro.The local government’s statement quoted Rusal vice president, Elena Bezdenezhnykh, as saying that construction work at Boguchansky will start in 2025.Rusal, which accounts for 5.5% of global aluminum output, operates 11 smelters with a combined capacity of 4.6 million tons. The company did not respond to a request for comment.(By Anastasia Lyrchikova and Gleb Bryanski; Editing by Louise Heavens)

Rusal plans to double Boguchansky smelter capacity by 2030

Brazilian miner Vale aims to boost its copper production, the company’s new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal.Vale is a top global iron ore producer, while also operating base metal projects including copper and nickel.“We have fallen behind on copper,” CEO Gustavo Pimenta said in his first public remarks since starting his new role on Tuesday. He was previously the miner’s chief financial officer.Vale is on track to produce between 320,000 and 355,000 metric tons of copper this year, according to company guidance, versus what Pimenta described as annual output of more than 1 million tons by top players in the market.At a press conference, Pimenta also batted down expectations for an initial public offering for the firm’s base metals unit, saying that is not under consideration right now.Vale owns 90% of Vale Base Metals, which groups together its nickel and copper assets. Manara Minerals, a joint venture between Saudi Arabian miner Ma’aden and Saudi Arabia’s Public Investment Fund, bought a 10% stake earlier this year.Pimenta said once the base metals unit grows its copper production to some 500,000 tons of annual production, the company will then consider whether it needs to tap capital markets for funding. He did not provide a timeline for when he expects to reach that output goal.Executives from Vale and state-owned development bank BNDES also announced they will create a 1 billion real ($183.6 million) fund to support local mineral projects key to the energy transition away from fossil fuels.Vale and BNDES will contribute up to 250 million reais each to the fund.Pimenta was named CEO in late August, wrapping up a succession process in which some board members departed amid accusations of political intrigue.President Luiz Inacio Lula da Silva’s government has pressured Vale to invest more in Brazil.($1 = 5.4458 reais)(By Marta Nogueira and Andre Romani; Editing by Kylie Madry, Jamie Freed and David Alire Garcia)

Vale’s new boss pledges to grow copper output after falling behind rivals

Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past year.Africa’s top lithium producer, Zimbabwe had last year given producers up to March 2024 to submit plans of how they would produce battery-grade lithium in the impoverished southern African country.Prices of lithium, which is mainly used in battery technologies, have fallen more than 80% in the past year largely due to overproduction from China and a drop in demand for electric vehicles.The price collapse has forced companies like Chinese battery giant CATL to suspend production at certain mines. Albemarle, the world’s top lithium miner, implemented a second round of cost cuts earlier this year and laid off workers.In Zimbabwe, lithium miners including Sinomine Resource Group’s Bikita Minerals, have been forced to cut production and lay off workers as the impact of weak prices has been compounded by the country’s poor infrastructure, currency volatility and policy inconsistencies.The Zimbabwe government would now take a measured approach in its quest to localize lithium processing, deputy mines minister Polite Kambamura told Reuters.“We are now considering them on a case by case basis and also considering the level of investments already put in the country,” Kambamura said.Chinese firms including Sinomine, Zhejiang Huayou Cobalt, Chengxin Lithium Group, Yahua Group and Canmax Technologies have spent more than $1 billion over the past three years to acquire and develop lithium projects in Zimbabwe.“Some commenced mining operations five months before the deadline, so we are considering where the project is,” he added.Sinomine has said it plans to spend up to $500 million building a lithium sulphate plant at Bikita within the next five years.Huayou has said it is conducting feasibility studies for a lithium sulphate plant at its Arcadia mine.Kambamura said the government was open to dialogue with lithium miners over their struggles.“We understand the prices are low but they are beginning to firm up. The fact that there are upcoming projects means the environment is favourable,” he added.(Reporting by Nyasha Chingono; Editing by Nelson Banya and Angus MacSwan)

Zimbabwe softens stance on local lithium processing after price collapse

Gold and coffee boost September hedge fund returns, says Societe Generale

Index declines led by losses in energy and mining stocks

Wall Street rises as focus turns to inflation data, earnings

US-based China ETFs get bumper influx, some investors optimistic tide is turning

Coin	Price	1h%	24h%	7d%	Volume (24h)	Market Cap
Bitcoin BTC	$62,152.60	-0.48	-2.41	0.56	19.67B	1.23T
Ethereum ETH	$2,431.05	-0.45	-1.72	-2.71	9.46B	292.64B
Tether USDT	$1.00	0.01	-0.03	-0.01	498.34M	125.13B
XRP XRP	$0.53	0.06	-2.69	-11.04	678.21M	52.86B
Binance Coin BNB	$579.20	-0.38	0.56	5.06	538.23M	82.27B
USD Coin USDC	$1.00	0.01	0.01	0.00	1.62B	35.13B
Solana SOL	$142.61	-0.74	-4.35	-3.11	1.67B	83.56B
Cardano ADA	$0.34	-0.69	-3.80	-2.96	188.04M	15.50B
Dogecoin DOGE	$0.11	-0.74	-5.16	-0.19	567.75M	15.58B
Tron TRX	$0.16	0.25	1.21	3.19	220.92M	13.70B

Nasdaq Composite

Dow Jones Industrials Average

S&P 500 Index

Metals Futures