Demand for gold jewelry, coins and bars typically peaks in the world’s second-biggest consumer over October to December.

The Brazilian mining giant produced 89.7 million metric tonnes, topping the 87.2 million-tonne average analyst estimate.

The increasing breadth of repurchases reflects extra profits from mining and energy firms, which are among the winners from surging commodity prices resulting from the war in Ukraine.

The London Bullion Market Association has barred Norilsk Nickel from its annual precious metals conference.

Commodity markets were given little to cheer about in President Xi Jinping’s address to the Communist Party Congress.

The environment is still not optimistic and the industry faces a “severe market situation”, the China Iron & Steel Association warned.

Chinese President Xi Jinping reiterated the country's covid-19 stance during his speech at the Communist Party Congress on Sunday.

Gold prices have fallen 20% since scaling above the key $2,000 per-ounce level in March.