Indonesia’s ban on nickel ore exports is resonating globally as prices climb to the highest since 2012, prompting companies from Avebury Nickel Mines Ltd. to Poseidon Nickel Ltd. to restart operations at idled mines.
Gold and silver have consolidated on Wednesday's gains as inflation, geopolitical and eurozone debt concerns support. Silver has risen above its 31-year record closing price and looks set to target new record nominal intraday highs.
Gold and silver have fallen by less than 1% in all major currencies today. Asian equities were mixed with strong selling seen in India and European equities and US index futures are tentatively higher.