Page 3 - Metal Commodities News Today

Jerome Powell’s words dance in the space between two meanings — surely a result of his ability to satisfy a dual, but oftentimes contradictory mandate.

The dollar index was below two-month highs while a rally that took U.S. Treasury yields to nearly 16-year highs paused, giving respite to the non-yielding gold.

The U.S. dollar has eased from recent highs and allowing gold to make a modest move higher. Likely some bargain hunting happening for gold at these levels.

Aluminum futures capped July with a 2.72% monthly gain, their second-straight monthly advance and the best performance since January.

With a Fed rate hike in the July meeting nearly certain, a positive outlook for gold revolves around central bank buying to drive long-term gold prices.

BHP CEO's comments came after Australia outlined a strategy on how it will work with investors and partners to build a critical minerals processing industry.

A Gallup poll found Americans are bullish on gold, which tends to rise in popularity as an investment during periods of fear and economic malaise.

Iron ore prices could decline by nearly 30% by the end of 2023 on the back of a dip in Chinese steel demand and output, experts forecast.

Spot gold jumped more than 3% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.

Spot gold jumped as much as 2% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.