SHFE Zinc Finishes Down RMB 135/mt (2015-4-29)

It could be time to invest for gains in the beaten-up gold (GC=F) market. "This makes for, we think, a reasonable entry point," Barclays strategist Ajay Rajadhyaksha said in a note on Thursday. The buy-the-dip trade reflects a few factors that investors may be forgetting, Rajadhyaksha argued.

[SMM Precious Metals Market Bulletin] In the silver ingot trading market last week, some suppliers reported that, as spot premiums in China declined and short-term expectations for price increases failed to materialize, import profits could no longer support price locking for April orders. At present, spot cargoes of imported large and small silver ingots were generally being sold off at reduced prices, and some suppliers even sold at a loss due to the need to recover funds or concerns that spot premiums would continue to fall. Approaching the weekend, spot cargoes of imported silver ingots and expectations for short-term supply both decreased, and selling pressure in the market eased marginally.