+41 22 770 00 00 Menu

Prices & Review

Daily price | 2019-11

Copper

Date(Fix.)($/MT) Average5854 2019-11-225834 2019-11-215813 2019-11-205873 2019-11-195821.5 2019-11-185828 2019-11-155812 2019-11-145835 2019-11-135823 2019-11-125838 2019-11-115857 2019-11-085951.5 2019-11-075941 2019-11-065913.5 2019-11-055880 2019-11-045846.5 2019-11-015797

Lead

Date(Fix.)($/MT) Average2062.38 2019-11-221958 2019-11-211972.5 2019-11-201997 2019-11-191967.5 2019-11-181976 2019-11-152004 2019-11-142023.5 2019-11-132037 2019-11-122078.5 2019-11-112115 2019-11-082101 2019-11-072105 2019-11-062138 2019-11-052173 2019-11-042176 2019-11-012176

Nickel

Date(Fix.)($/MT) Average15495.31 2019-11-2214400 2019-11-2114410 2019-11-2014310 2019-11-1914475 2019-11-1814760 2019-11-1514990 2019-11-1415355 2019-11-1315530 2019-11-1215500 2019-11-1115730 2019-11-0816190 2019-11-0716305 2019-11-0616390 2019-11-0516235 2019-11-0416595 2019-11-0116750

Gold

Date(Fix.)AM
($/oz)
MEAN
($/oz)
PM
($/oz)
Average 1476.55 1475.73 1474.91 2019-11-22 2019-11-21 1468.9 1467.98 1467.05 2019-11-20 1475.7 1473.7 1471.7 2019-11-19 1464.9 1466.68 1468.45 2019-11-18 1458.4 1463.03 1467.65 2019-11-15 1465.6 1466.25 1466.9 2019-11-14 1467.65 1467.15 1466.65 2019-11-13 1463.45 1463.18 1462.9 2019-11-12 1455 1453.53 1452.05 2019-11-11 1465.5 1462.1 1458.7 2019-11-08 1466.85 1465.5 1464.15 2019-11-07 1484.1 1484.18 1484.25 2019-11-06 1488.55 1487.3 1486.05 2019-11-05 1504.6 1496.78 1488.95 2019-11-04 1509.2 1509.33 1509.45 2019-11-01 1509.85 1509.33 1508.8

Silver

Date(Fix.)($/oz) Average17.26 2019-11-22- 2019-11-2117.09 2019-11-2017.115 2019-11-1917.125 2019-11-1816.795 2019-11-1516.87 2019-11-1417.035 2019-11-1316.95 2019-11-1216.735 2019-11-1116.88 2019-11-0816.81 2019-11-0717.53 2019-11-0617.54 2019-11-0518.045 2019-11-0418.185 2019-11-0118.12

Tin

Date(Fix.)($/MT) Average16368.75 2019-11-2216360 2019-11-2116325 2019-11-2016025 2019-11-1915975 2019-11-1816160 2019-11-1516275 2019-11-1416185 2019-11-1316325 2019-11-1216460 2019-11-1116525 2019-11-0816675 2019-11-0716600 2019-11-0616410 2019-11-0516575 2019-11-0416450 2019-11-0116575

Zinc

Date(Fix.)($/MT) Average2468.5 2019-11-222315 2019-11-212328 2019-11-202360.5 2019-11-192362 2019-11-182384 2019-11-152427 2019-11-142458 2019-11-132482 2019-11-122542.5 2019-11-112538 2019-11-082507 2019-11-072542 2019-11-062528 2019-11-052595 2019-11-042586 2019-11-012541

Cobalt(Standard Grade MB free market low quotation)

Date(Fix.)($/lb) Average17.03 2019-11-22- 2019-11-21- 2019-11-2016.5 2019-11-19- 2019-11-18- 2019-11-1516.8 2019-11-14- 2019-11-1317 2019-11-12- 2019-11-11- 2019-11-0817.2 2019-11-07- 2019-11-0617.2 2019-11-05- 2019-11-04- 2019-11-0117.5

Platinum

Date(Fix.)AM
($/oz)
MEAN
($/oz)
PM
($/oz)
Average 904.27 903.74 903.2 2019-11-22 - - - 2019-11-21 912 915.5 919 2019-11-20 912 913 914 2019-11-19 895 898.5 902 2019-11-18 882 884.5 887 2019-11-15 876 879.5 883 2019-11-14 875 873.5 872 2019-11-13 874 870.5 867 2019-11-12 878 873.5 869 2019-11-11 884 882.5 881 2019-11-08 894 891 888 2019-11-07 932 930.5 929 2019-11-06 928 929 930 2019-11-05 936 930.5 925 2019-11-04 954 950.5 947 2019-11-01 932 933.5 935

Palladium

Date(Fix.)AM
($/oz)
MEAN
($/oz)
PM
($/oz)
Average 1754.47 1754.04 1753.6 2019-11-22 - - - 2019-11-21 1764 1764 1764 2019-11-20 1766 1766.5 1767 2019-11-19 1721 1739.5 1758 2019-11-18 1712 1714 1716 2019-11-15 1732 1728.5 1725 2019-11-14 1731 1726.5 1722 2019-11-13 1715 1710.5 1706 2019-11-12 1701 1699.5 1698 2019-11-11 1720 1713 1706 2019-11-08 1788 1778 1768 2019-11-07 1797 1800.5 1804 2019-11-06 1777 1787.5 1798 2019-11-05 1786 1780 1774 2019-11-04 1815 1806 1797 2019-11-01 1792 1796.5 1801

Overview (October 2019)

Hopes for a US-China trade deal came and went in October, but the talks did not end acrimoniously and some progress was made. The planned raising of tariffs to 30 percent on $250 billion worth of US imports from China was put on hold and President Donald Trump said progress had been made on allegations of currency manipulation, intellectual property theft and other issues. This, combined with some easing of tension in Hong Kong, increased likelihood of a Brexit deal and no escalation of the situation in Arabian Gulf, has paved the way for investors to increase exposure to risk. But, underlying global growth continues to deteriorate as seen by China’s gross domestic product (GDP) falling to 6 percent in the third quarter, the lowest for 27 years (1992), and down from 6.2% in the second quarter.
Among the larger industrial regions, growth was seen in both the US and China, but the downturn deepened in the euro area, with the rate of decline the fastest in almost seven years, mainly due to a sharp deterioration in the performance of Germany. The US, Japan’s and EU GDP are running at 2 percent, 0.3 percent and 0.2 percent respectively. The trend in international trade flows also remains weak, as export orders declined for the thirteenth consecutive month in September. The International Monetary Fund (IMF) warned that growth this year was to fall to its slowest since the financial crisis and it said the self-inflicted wounds of the US and China trade war had created a precarious economic situation. Gita Gopinath, the IMF's chief economist, said: "With central banks having to spend limited ammunition to offset policy mistakes, they may have little left when the economy is in a tough spot”. The IMF expects the world economy to grow by 3 percent in 2019, which is 0.3 percent lower than the forecast it made in May, but it did expect growth of 3.4% in 2020. Luckily, as of late October, it does look as though further progress is being made as on the 24th October, the U.S. Trade Representative’s office and China’s Commerce Ministry said U.S. and Chinese officials are close to finalizing some parts of a trade agreement after high-level telephone discussions. With hope for a partial trade deal picking-up, broad markets have performed better, some more than others, while some safe-haven assets have eased.
The yen that has been acting as a safe-haven has weakened to 108.60, from 106.50 in early October and US government treasury yields have climbed to 1.79 percent, up from 1.42 at the time of last month’s report. The German 10-year bund yield has also strengthened over the same time to -0.37 percent, from -0.57 percent. For safe-haven gold, the pick-up in risk appetite has held prices back from recent highs, but prices are generally holding up well, especially with equities so close to multi-year highs. But that may well be one of the reasons why gold prices are holding up well – investors may well fear that the fall-out from the trade war will hurt corporate profits and prompt an equity market correction. Mario Draghi, the outgoing president of the European Central Bank, said the ECB was concerned that the economy of the 19-member currency bloc, which has slowed this year along with much of the global economy, faced “protracted weakness” going into 2020. The dollar has pulled back from high ground with the dollar index at 97.8, compared with 99.6 earlier in October, which was a sixteen-month high. With the US economy one of the stronger major economies and with US interest rates much higher than in Europe and Japan, it is surprising that the dollar has weakened. One reason for the weaker tone seems to be tied into Trump’s numerous attempts to talk down the dollar and pressure the Federal Reserve to lower interest rates. However, if a new trade deal is agreed then the prospects for better global growth may well mean there is less need for monetary policy easing and that in turn could underpin the dollar again.