Posts Tagged ‘tuesday’

Gold was up 1.1% at $1,662.40/oz on Tuesday, its highest climb in five weeks, as German economic data boosted the euro and stocks and commodities were lifted by Chinese trade data. Full story

Gold climbed 0.8% on Tuesday as the Euro strengthened against the US dollar, but gains were capped by concerns that policymakers' efforts to address the euro zone debt crisis are falling short. Full story

Workers at Freeport-McMoRan’s gold and copper mine in eastern Indonesia said Tuesday they may extend their strike another month after a meeting with company management fell through. Continue reading at Washington Post Full story

GOLD STOCKS NEWS – Gold stocks tumbled Tuesday as the Market Vectors Gold Miners ETF (GDX) fell $1.73, or 2.9%, to $57.10 per share in morning trading.  Weakness in gold stocks and the GDX was driven by a sell-off in COMEX gold futures, which declined... Full story

Eco-activists and Aboriginal groups on Tuesday condemned Australia's approval of a mammoth BHP Billiton mining pit expansion, warning of an environmental and public health disaster if it goes ahead. Full story

– Gold futures edged lower on Tuesday, pulling back from a 12-day high ahead of a vote by Slovakia on expanding the powers of the euro zone’s bailout fund, while strong physical demand in Asia provided support. On the Comex division of the New York.. Full story

Businessweek reports on the day it cleared and matched its first gold trade the London Metal Exchange which handles some 80% of global trade in metals futures, told members on Tuesday that it has receive "many" expressions of interest from potential bidders. The 134-year-old exchange is facing increased competition from other exchanges in Asia and is plagued by a backlog of industrial metals particularly aluminum ... Full story

- Shares of mining companies fell Tuesday after metals prices dropped and a new report from Credit Suisse fueled fears that prices will fall even further from historic heights. Full story

Egypt?s Central Bank announced Tuesday it had finished its 26-day audit of Egypt?s gold reserves and concluded that the actual reserves match both amounts on record as well as the results of the last audit. The audit, which takes place every five years, Full story

- Canada's main stock index end slightly higher Tuesday, recovering part of the prior session's losses, helped by a rally in gold mining stocks. Full story