iron

Goldman Sachs (NYSE:GS) reinforced its bullish outlook on gold, citing increased central bank demand and expectations of a U.S. Federal Reserve interest rate cut tomorrow. "While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we...

Thousands of athletes around the world will compete for medals at the 2024 Summer Olympics. Winning an Olympic medal can be a valuable experience for athletes as they can earn new endorsements and sponsorships based on their success. Some countries also pay athletes for winning medals during the...

Iron ore prices are on the rise, fueled by optimism about increased demand from China, the world’s top consumer of the steelmaking ingredient. The iron lift-off is welcoming for the Australian dollar (AUD), a currency heavily influenced by the performance of this key export commodity....

At first glance, the recent disruption of the Ukrainian economy may seem like it would have minimal impact on the U.S. or the global economy. But while Ukraine's GDP represents less than 0.2% of the global economy, its key roles in producing some important materials may soon start making...

Iron ore: not as pretty as gold, but in demand now. Photo by Peter Craven, Wikimedia Commons.  The Post-COVID Reflation Trade Inflation and shortages seem to rival the weather now as elevator conversation. On Saturday, a neighbor seeing our cups of Starbucks cold brew, mentioned...

Cleveland-Cliffs Inc (NYSE: CLF) shares are trading higher Wednesday as iron ore prices rise amid supply concerns. The stock is attracting a growing interest in online trading communities. The company also held a ribbon-cutting ceremony at a direct reduction plant in Toledo, Ohio today (June 9...

China seems to have excess iron ore supply, and this “unaccounted inventory” poses “acute downside risk” to iron ore prices, Axiom’s Gordon L. Johnson said in a report. He assigned an Underweight rating on the sector and recommended short positions in Cliffs Natural...

Rio Tinto plc (ADR) (NYSE: RIO) has seen a 23.3 percent decline in its share price since mid-April, as compared to a 14 percent decline in the ASX 100. Goldman Sachs’ Craig Sainsbury upgraded the rating on the company from Sell to Neutral, with a price target of A$43. Short-Term Positives...

Goldman Sachs has started coverage of Vale SA (ADR) (NYSE: VALE) with Neutral rating, saying that expected lower iron ore prices could offset volume growth. Vale, the world's largest iron ore producer, is in the final stages (expected for late 2016) of delivering its flagship iron ore project, S11D...