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Gold prices slumped to their lowest in 8-1/2 months on Tuesday, as a stronger dollar and elevated U.S. Treasury yields eroded investor appetite for the non-yielding metal. Spot gold was down 0.7% at $1,711.13 per ounce by 0310 GMT, having dropped to its lowest since June 15 at $1,708.60 earlier in the session. The potential for higher yields is putting pressure on gold, while a stronger dollar is also contributing to its fall, Michael McCarthy, chief market strategist at CMC Markets said, adding that a minor retreat in 10-year yields was "too small to count".

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02 Mar, 2021 / 04:10

Asia extended the global rally in stocks on Tuesday as a halt in a recent bond markets sell-off eased investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.97% while Japan's Nikkei was slightly down 0.12%. Australian shares continued their climb on Tuesday, with S&P/ASX 200 index rising as much as 1.05%, its highest since Feb. 19, as a rollout of another vaccine in the United States and optimism over a coronavirus relief package boosted hopes of a quicker global economic recovery.

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02 Mar, 2021 / 02:51

After a lackluster decade for commodities, a large number of Wall Street analysts is now predicting a broad commodity rally

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02 Mar, 2021 / 01:00

Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption. For now, all eyes will be on Australia's central bank, which holds its monthly policy meeting on Tuesday. Analysts expect the Reserve Bank of Australia to hold key rates at a historic low of 0.1% when it announces its policy decision at 0330 GMT.

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02 Mar, 2021 / 00:11

With the reflation trade suddenly ripping through the world’s financial markets, a $1.9tn stimulus bill steaming through the US Congress, and “Dr Copper” bursting through $9,000 a tonne to prices not seen since the heady days of 2011, the commodity markets are headline news again. Could there be a better moment for Javier Blas and Jack Farchy’s rollicking new account of those markets’ recent history to land on investors’ desks? It’s as if the Bloomberg News reporters (and former FT journalists) have picked up not just a rich archive of ripping yarns from their years interviewing the industry’s leading traders — but some of their uncanny sense of timing too.

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02 Mar, 2021 / 00:00

Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm's buckwheat, were "dug up and destroyed."

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01 Mar, 2021 / 23:47

Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.

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01 Mar, 2021 / 21:33

Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine. Wall Street's rise follows a jump in European shares and solid gains on Asian stock markets. A stabilization of U.S. Treasury yields has also removed pressure from growth stocks, Awad said.

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01 Mar, 2021 / 21:26

(Bloomberg) -- Gold erased gains, heading for a fifth straight decline as benchmark U.S. Treasury yields advanced.The rate on 10-year Treasuries jumped three basis points, dimming the appeal of the metal, which doesn’t offer interest. The 30-year bond’s yield rose as much as 8 basis points. The moves follow a whipsawing of U.S. rates late last week.Bullion fell more than 6% in February, the biggest monthly drop in four years, as expectations for recovering economies boosted bond yields. Hedge funds and other large speculators have cut their bullish wagers on gold futures and options to the lowest since May 2019, while holdings in exchange-traded funds backed by the metal have slid.“Gold is continuing to follow the U.S. bond yield trends very closely,” Carsten Fritsch, an analyst at Commerzbank AG, said in a note.Some analysts say bullion’s allure as a hedge against inflation could eventually help shore up demand.Gold “has responded more to the combination of rising confidence and rising yields than to any fear of untoward inflationary pressures,” StoneX analyst Rhona O’Connell said in a note. Bullion still has medium-term tailwinds from “the massive amount of liquidity in the financial system, with trillions of dollars of capital looking for a home.”Spot gold fell 0.6% to $1,723.74 an ounce by 2:46 p.m. in New York. Futures for April delivery on the Comex fell 0.3% to settle at $1,723 an ounce. Silver and platinum also declined, while palladium climbed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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01 Mar, 2021 / 20:23

Global equities rose and the S&P 500 on Monday was headed for its best day since June 5, with investors taking lower U.S. bond yields in stride as a sweeping $1.9 trillion U.S. coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine spurred enthusiasm. A stabilization of U.S. Treasury yields has also removed pressure from growth stocks, Awad said. The Dow Jones Industrial Average rose 734.17 points, or 2.37%, to 31,666.54, the S&P 500 gained 103.1 points, or 2.71%, to 3,914.25 and the Nasdaq Composite added 399.59 points, or 3.03%, to 13,591.94.

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01 Mar, 2021 / 20:04

Prices are oversold

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01 Mar, 2021 / 19:39

I view this as an excellent long-term opportunity and believe we will look back at today’s prices as a gift.

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01 Mar, 2021 / 19:11

Gold futures turned lower by the end of Monday’s session to tally a fifth straight session loss. Prices for the precious metal had been trading higher in early dealings, but the day's pause in the U.S. Treasury bond market sell ff "hasn't yet changed the narrative," said Adrian Ash, director of research at BullionVault. Consensus says the COVID recovery is already here, even before the next round of stimulus checks arrive, and gold continues to price that in, reversing last year's big gains, he said. April gold fell $5.80, or 0.3%, to settle at $1,723 an ounce. Prices marked another settlement at their lowest since June 2020.

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01 Mar, 2021 / 18:53

The dollar rises weighing on gold prices

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01 Mar, 2021 / 18:33

Q4 2020 Endeavour Silver Corp Earnings Call

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01 Mar, 2021 / 18:00

Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm's buckwheat, were "dug up and destroyed."

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01 Mar, 2021 / 17:50

"Is it any wonder that bitcoin seems to be having its day?" Fidelity's global macro chief said.

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01 Mar, 2021 / 17:39

A look at the shareholders of De Grey Mining Limited ( ASX:DEG ) can tell us which group is most powerful. Institutions...

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01 Mar, 2021 / 17:01

(Bloomberg) -- Gold bugs will be rewarded with richer dividend prospects than copper-company investors this year, though such perks may be short lived.Miners of the precious metal are expected to more than double dividends this year to outpace the 75% hike of copper producers, according to Bloomberg dividend annual forecasts for Bloomberg Intelligence industry groups. The tables turn starting next year, with payouts from copper companies outdoing dividends from gold miners through 2023.Copper’s prospects are improving, bolstering the case for investing in producers of the base metal. Prices for the industrial metal skyrocketed to the highest levels since 2011 last month as a series of measures to boost economic growth will likely see copper consumption outstrip near-term supply. Copper, used in wiring, electronics and piping, is often seen as a barometer for economic growth.Gold miners are facing pressures after spot bullion prices have fallen 16% from all-time highs reached in August. Prices for the haven metal have slumped on bets of a brighter outlook for the global economy, outflows of gold exchange-traded funds, and expectations of higher inflation.Barrick Gold Corp. and Agnico Eagle Mines Ltd. are among the 13 companies in Bloomberg Intelligence’s grouping for gold producers, while Freeport-McMoRan Inc. and Anglo American Plc are among those in the 30-company copper group.Producers of bullion have done a better job of rewarding investors with dividend hikes than copper companies in the past couple years, thanks to their ability to generate excess cash from higher gold prices. AngloGold Ashanti Ltd. boosted its dividend more than fivefold this week after record gold prices boosted earnings, following similar moves by rivals including Newmont Corp.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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01 Mar, 2021 / 16:56

The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.

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01 Mar, 2021 / 16:16

The silver markets have gapped a little bit higher to kick off the week on Monday, showing signs of resiliency as we attacked the $27 level.

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01 Mar, 2021 / 16:16

Crude oil markets had a choppy and somewhat sideways session on Monday to kick off the week, as we are starting to see a bit of exhaustion enter the market.

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01 Mar, 2021 / 16:11

We don’t want to create so much money that it becomes worthless. But it is better to risk inflation than to deny people the means to live.

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01 Mar, 2021 / 15:11

Silver managed to get above the resistance at $26.70 and is trying to settle above the next resistance at $27.00.

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01 Mar, 2021 / 15:08

Holding above 3807.75 will indicate the presence of buyers. If this creates enough upside momentum then look for a test of the pivot at 3872.25.

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01 Mar, 2021 / 13:30

Gold is 0.6% higherer this morning, as it is retracing some of Friday’s sell-off.

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01 Mar, 2021 / 12:38

Shares of Endeavour Silver (NYSE:EXK) moved higher by 7.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 200.00% over the past year to $0.13, which beat the estimate of $0.04. Revenue of $61,200,000 rose by 76.88% year over year, which beat the estimate of $38,330,000. Looking Ahead Earnings guidance hasn't been issued by the company for now. Endeavour Silver hasn't issued any revenue guidance for the time being. Details Of The Call Date: Mar 01, 2021 View more earnings on EXK Time: 01:00 PM ET Webcast URL: https://www.edrsilver.com/English/investor-info/events/event-details/2021/2020-Q4-Financial-Results-Conference-Call--Vancouver/default.aspx Price Action 52-week high: $6.91 52-week low: $0.99 Price action over last quarter: Up 51.20% Company Description Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 1, 2021Preview: Endeavour Silver's Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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01 Mar, 2021 / 12:09

The 50% level at $60.56 is the first downside target. Since the main trend is up, look for buyers to step in on the first test of this level.

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01 Mar, 2021 / 11:28

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right...

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01 Mar, 2021 / 11:12