Out-of-favor gold attractive as risks mount, Nikko AM says

Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets.

The situation was under control, but the company gave no estimate of when operations would resume.

Indian businessman Prateek Gupta and his companies, against whom Trafigura secured a $625 million freezing order this week, have a checkered history in the trading world.

Trafigura is briefing lenders that none of its banks have direct exposure to the nickel deals linked to systematic fraud.

While the gold price witnessed its strongest January in a decade, gold ETF outflows in Europe and Asia dwarfed positive demand in North America.

The US is looking to create a “critical minerals buyers club” with allies like the EU and Group of Seven.

The Bahodopi project will produce ferronickel with 73,000-80,000 tonnes of nickel content per year, Vale said.

While gold posted a small gain in 2022 for investors in the U.S., it posted significant gains against other currencies.

Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources.