Gold & the USDX: correlations
Even if the USD Index is to decline further from here, the implications are not particularly bullish for the precious metals market.
Latest Stories
Newmont’s Musselwhite mine ramping up to full operations
Commercial production has been restored at the mine's conveyor system.
Copper bonanza is emboldening unions in biggest-producing nation
The confluence of factors turning producers into cash machines is also emboldening workers in Chile, raising the risk of stoppages in a hectic period.
US gold futures beginning to overcome coronavirus shock
More than 400,000 December contracts representing over 40 million ounces of gold have been swapped this month for futures expiring in February.
Vale reduces 2020 iron ore output forecast
Company expects to produce 300-305 million tonnes this year, missing a previously lowered 2020 target of at least 310 million tonnes.
Gold price rebounds on stimulus bets, weak dollar
Gold registered its worst monthly performance in four years in November.
India court rejects restart of Vedanta copper smelter
Country's top court has rejected Vedanta’s petition to restart for three months its shuttered smelter in the southern Tamil Nadu state.
China coking coal surges as covid throttles Mongolia border
Coking coal prices in China have soared to a four-year high after a new covid-19 outbreak slowed border crossings from Mongolia.
Codelco estimates $210m impact from pandemic
The world’s largest copper miner seeks to ensure all its divisions comply with the latest health protocols to stop the spread of covid-19.
