NEW YORK/LONDON Gold fell more than 1 percent on Monday, after the market's favoured French presidential candidate won the first round of the country's election, but prices pared losses as U.S. Treasury yields came off their highs.
LONDON Global steel demand will grow more than previously forecast in 2017 due to a recovery in developed economies and accelerating growth in emerging and developing markets, especially Russia, Brazil and India, an industry body said on Friday.
LONDON Gold was steady on Tuesday after hitting a five-month peak the previous session, bolstered by a softer dollar, North Korea tensions and nervousness ahead of the French presidential election.
Gold steadied on Wednesday after hitting a five-month peak as political tensions simmered, leaving investor interest in safe havens like the precious metal largely in tact.
LONDON Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said.
LONDON Gold prices scaled a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the U.S. administration's protectionist stance on global trade.
ROME/LONDON ArcelorMittal, the world's top steelmaker, and Italian processor Marcegaglia have offered 1.6 billion euros ($1.72 billion) to buy Italy's troubled Ilva steel plant, outbidding a rival consortium, three sources said on Friday.
NEW YORK/LONDON Gold prices were little changed on Tuesday as an expected U.S. interest rate hike boosted the dollar and weighed on the precious metal, but political risks in Europe provided safe-haven support.
LONDON Iran has signed a $1 billion deal with private investors to develop Mehdiabad, one of the world's largest zinc mines, which it expects to go on stream in the next four years and produce 800,000 tonnes of zinc concentrate per year.
NEW YORK/LONDON Gold gave back most of its losses on Wednesday as the dollar pared gains and bullion shrugged off earlier pressure from U.S. Federal Reserve officials' comments that raised expectations of an interest rate hike in March.