Posts Tagged ‘precious-metal’

Most commodities, except for the heavyweights gold and oil, are poised for a down year in 2011, the first fall for this sector since the financial crisis hit in 2008. Full story

Governments hate competition.  Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.  However, China regulators are not happy about the competition. A joint statement issued by People’s Bank of China, the Ministry of Public Security and other regulators recently announced, “No local authority, institution or individual is allowed to set up gold exchanges.”  ... Full story

A technical analysis examination of gold ETFs in search of good options for investors looking for precious metal ETF exposure in 2012 Full story

The Business Standard reports gold today rallied to an all-time high of Rs 29,540 per 10 grams in New Delhi  by adding Rs 240 amid India’s so-called marriage season when some 20 million Indians tie the knot.  The precious metal has surpassed its previous record of Rs 29,490 per 10 grams set on December 2. MINING.com reported yesterday based on new research by investment bank ... Full story

Gold climbed to a month high on Tuesday, briefly breaching the psychologically important $1,700 level, but the rally quickly ran out of steam. Full story

CME Group, which operates the largest  US futures exchanges, will from today increase to $500 million the amount of physical gold its US clearing members can post as collateral for margin requirements, more than double the existing $200 million. The Chicago-based firm which first accepted bullion two years ago is the latest of a number of  exchanges including IntercontinentalExchange and other financial services companies like JP ... Full story

Los Angeles, Sept 26 (THAINDIAN NEWS) After the record swift run that saw the price of gold jump to $1,921 at the beginning of September, the tide seems to have turned. The precious metal has lost at least 20 percent of its value since it hit the record Full story

Morning View US dollar strength as investors anticipate Eurozone ‘Quantitative Easing’  · Base and precious metals prices are normally quoted in US dollars but are increasing sold in other currencies.  · Any strengthening of the US Full story

JOHANNESBURG, Sept 26 (Reuters) - AngloGold Ashanti , the world's third largest gold producer, said on Monday that it was aiming to lift output to 5.5 million ounces by 2014 from a forecast 4.45 million ounces this year. Full story

PERTH (miningweekly.com) Gold miner Northern Star on Monday announced a two-phase gold expansion plan to lift production to 200 000 oz/y, from 75 000 oz/y. Full story