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Home / Metal News / Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

Apr 17, 2012 10:03

Source:SMM

Gold for June delivery in New York advanced 0.2 percent to $1,653.60 an ounce at 8:06 a.m. in Melbourne, while bullion for immediate delivery was little changed at $1,652.82.

By Phoebe Sedgman - Apr 17, 2012 6:13 AM GMT+0800

Gold for June delivery in New York advanced 0.2 percent to $1,653.60 an ounce at 8:06 a.m. in Melbourne, while bullion for immediate delivery was little changed at $1,652.82. Futures declined for a second straight session yesterday as U.S. equities climbed, eroding demand for the precious metal as a safe haven.

Silver for May delivery rose 0.4 percent to $31.485 an ounce.

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The stainless steel futures prices rose during January 28 - February 16, and pulled back from February 17. The most traded SHFE SS contract dropped by more than 600 yuan/mt and fell below the 5-day and 10-day moving averages, gaining support at 30-day moving average.

Feb 23, 2022 17:32

SMM Insight

Stainless Steel Prices Are Likely to Remain Rangebound after Pulling Back

LME Copper Basically Stable during Holiday, Short Squeeze May Occur before SHFE Contract Delivery 【SMM post-holiday review】

Three-month LME copper closed at $9,136/mt in the intraday trading on September 30, and settled at $9,142/mt on October 7, up $6 or 0.06%.

Oct 8, 2021 11:10

SMM Comments

LME Copper Basically Stable during Holiday, Short Squeeze May Occur before SHFE Contract Delivery 【SMM post-holiday review】

State Council: To Accelerate the Introduction of Foreign Participants to Dometic Futures Market

The State Council recently announced that it will accelerate the introduction of foreign market participants to engage in the construction of international commodity futures market with products denominated and settled in RMB.

Sep 3, 2021 14:42

Industry

State Council: To Accelerate the Introduction of Foreign Participants to Dometic Futures Market

Lead Futures Rebounded after Hitting Lows, Stocks Diverged in China and Overseas Markets

LME lead stopped declining after dropping to the line of $2,250/mt and closed at $2,300/mt, reaching a high of $2,343/mt.

Aug 17, 2021 14:04

Analysis

Lead Futures Rebounded after Hitting Lows, Stocks Diverged in China and Overseas Markets

Stainless Steel Prices to Remain Fluctuating at High Levels in Aug

Stainless steel futures prices continued to rise in July. As of July 30, the most traded stainless steel contract closed at 19,995 yuan/mt, an increase of 3,165 yuan/mt or 18.8% from the end of June. However, the prices fell sharply in the first two trading days in August.

Aug 4, 2021 11:30

Analysis

Stainless Steel Prices to Remain Fluctuating at High Levels in Aug

SMM Evening Comments (Jul 27): Iron and Steel Closed Down over 1%

The nonferrous metals market closed the day with mixed performances.

Jul 27, 2021 19:00

SMM Comments

SMM Evening Comments (Jul 27): Iron and Steel Closed Down over 1%

One High-Grade Cu-Co-Au Mine Discovered in Canada

Black Stone Minerals Co. found a high-grade Cu-Co-Au mine in Canada.

Sep 7, 2017 14:29

Industry Reminder

One High-Grade Cu-Co-Au Mine Discovered in Canada

Zijin Mining Announces Output Target for Major Mineral Products in 2017

Zijin Mining Group released its production target for major mineral products in 2017, SMM understands.

Jan 10, 2017 17:25

SMM Insight Industry Reminder

Zijin Mining Announces Output Target for Major Mineral Products in 2017

Shenyang Lianli Copper to Create Largest Nonferrous Metals New Material Base in Northeast China

Shenyang Lianli Copper Co. will construct the largest nonferrous metals new material base in Northeast China, local paper reported.

Dec 1, 2016 11:43

Industry Reminder

Shenyang Lianli Copper to Create Largest Nonferrous Metals New Material Base in Northeast China

Xinjiang Adds 28.67 Mln Tonnes of Lead, Zinc Reserves from 2008

Xinjiang has made breakthroughs in mineral resources exploration from 2008 and added 28.67 million tonnes of lead and zinc Reserves, according to the Ministry of Land & Resources’ website.

Nov 28, 2016 13:25

Industry

Xinjiang Adds 28.67 Mln Tonnes of Lead, Zinc Reserves from 2008

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Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo