Precious Metals

Beijing’s dismissal of stimulus talk has reverberated around global markets over the past 24 hours. Dow down 107. (Accessible only for subscribers before 10:15 AEST)

Australia’s oil stocks slump as price eases; China’s thermal coal restrictions create uncertainties; broad sell off in metals; and gold finds consumer support.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street shot up from the open last night on reassurance the Fed is not going to move in any hurry. Dow up 109. (Accessible only for subscribers before 10:15 AEST)

The Philippines and ore exports; Deutsche Bank rejigs long-term base metals forecasts; Good Oil Conference delegates upbeat; and Metals X steps up gold production.

“Considerable time” is still in there, but the Fed’s forward interest rate assumptions have shifted higher. Dow up 24 and the Aussie has an 8 in front of it. (Accessible only for subscribers before 10:15 AEST)

A delay in the launch of a new Singapore gold contract sees China opportunistically advancing the opening of its own gold exchange.

A report suggesting the Fed won’t shift policy tonight, coupled with Chinese stimulus, sent markets into rapid reverse-mode last night. Dow up 100. (Accessible only for subscribers before 10:15 AEST)

The great carry trade unwind continues across the globe ahead of tomorrow night’s Fed statement. Dow up 43. (Accessible only for subscribers before 10:15 AEST)

Platinum and palladium supply remain weak while gold companies are concentrating on profitable ounces and risks around iron ore are not receding.