Weekly Round-Up: Gold Price on Track for Biggest Weekly Gain Since May
The gold price rose on Friday as the US dollar fell against the euro.
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Copper trades on a number of different metal exchanges, including the London Metal Exchange (LME), the COMEX in New York and the Shanghai Metal Exchange (SHMETX), and copper prices may be found via these exchanges. Unlike precious metals prices, which are consistently denominated by the ounce across various exchanges, copper prices are denominated by the pound when traded on the COMEX and by the kilogram when traded on the LME.
Furthermore, spot copper prices represent the current price for the metal, while copper futures represent copper priced for delivery at a future date. For example, copper for delivery in three months would be priced differently than spot copper. As with any commodity, supply and demand dynamics are key drivers for the copper price. While copper inventories on metal exchanges are commonly looked to as an indicator of copper supply, there are many other factors to be considered.
Mine production, scrap copper supply and unknown stores of copper in China, the world’s top consumer of the metal, are all key considerations when looking at whether there is a surplus or deficit for copper.
The gold price rose on Friday as the US dollar fell against the euro.
Which junior copper stocks have gained the most on the TSXV so far this year? Our list lays out the top five.
Here’s an overview of the main factors that impacted the copper market in Q2 2017 and what’s ahead for the rest of the year.
What are the best copper stocks on the TSX so far this year? These five companies have seen the biggest gains year-to-date.
By Siv Padhy
Copper prices have slumped in recent years, but historical copper prices have been trending upward for decades.
The gold price edged lower on Friday after a stronger-than-expected US jobs report increased fears of another rate hike.
A weaker dollar and decreasing warehouse stocks also supported prices.
The gold price is on track for a weekly gain, supported by political uncertainty and a weaker dollar.
The gold price was set to touch a six-week high on Friday after a disappointing US jobs report.
By Melissa Shaw
Mercenary Geologist Mickey Fulp gives his thoughts on the copper market and reveals his long-term pick in the space.
Libero Mining Corporation (TSXV:LBC) is pleased to announce that it has completed a resource estimate on the Tomichi porphyry copper-molybdenum deposit (‘Tomichi’) in Colorado. The report is entitled “NI 43-101 Updated Technical Report for the Tomichi Copper-Molybdenum Project Gunnison County, Colorado”, authored by Gault Group, LLC, dated effective March 1,
Mercenary Geologist Mickey Fulp believes copper’s supply and demand fundamentals make it a compelling investment. Plus — learn his pick in the junior space.
Copper refining requires putting mined rock through several processing stages. Here’s an overview of how that happens.
By Shelly Kumar
Atico Mining Corporation (the “Company” or “Atico”)(TSXV:ATY) today announced its financial results for the three months ended March 31, 2017, posting a net income of $1.29 million.
Fernando E. Ganoza, CEO and Director, commented, “We are pleased to report our highest quarterly revenue and concentrate shipment to date. These achievements resulted
Silver, copper and oil are also on track to make gains this week.
Copper futures are a popular way for investors to hedge their risk while getting some experience with the red metal. Here’s how and where to trade copper futures.
The red metal fell below the $5,500 mark for the first time since January this week.
The gold price suffered as investors turned to riskier assets earlier in the week.
Investors turned to riskier assets after centrist Emmanuel Macron’s victory in the first round of the French presidential election.
Wondering how to start investing in base metals? We can help you get started.
