Posts Tagged ‘week’

INTERNATIONAL. Wholesale market gold bullion prices in Dollars dropped to US$1,646 an ounce Friday lunchtime in London – down 1.4% on yesterday's high – as China prepared for the week-long Lunar New Year holiday Full story

Starting the week on a bearish note on Monday by extending losses for the second straight session, silver fell Rs 50 to Rs 52,500 a kg on sustained selling by stockists on subdued demand. However, gold held steady at Rs 28,040 per 10 grams in restricted... Full story

Strikers at Freeport's massive Grasberg copper-gold mine in Indonesia who are supposed to go back to work this week after 3-months out may be delaying return over suspended workers. Full story

Red has been the color of choice for gold and silver this week.  On Wednesday, gold fell below $1,600 to close at its lowest level since September.  Meanwhile, silver fell below its $30 support level.  Although many were quick to declare the bull market in precious metals dead, many investors questioned the call, because the long-term fundamentals have not changed. Investing in precious metals ... Full story

- Chery Minerals, LLC, the company with which Green Technology Solutions, Inc. is negotiating a strategic partnership, announced this week that it has identified a colle Full story

Palladium, used mostly in catalytic converters for vehicles, beat most other commodities this week after US car sales expanded at the fastest pace in more than two years. Full story

Eighteen of 26 surveyed by Bloomberg expect bullion to rise this week. Holdings in exchange-traded products backed by gold reached a record 2,350.8 tonnes on Wednesday, now valued at US$127.6 billion (RM407.04 billion), according to data compiled by Bloomberg. Full story

Now, the federal government’s challenge is to keep the thousands of tonnes of arsenic trioxide dust frozen in the ground forever. Environmental and engineering experts wrapped up their week-long talks about cleaning up the site on Friday.The federal... Full story

AFP, MUMBAI, INDIA Women buy gold jewelry at a shop in New Delhi, India, on Dhanteras, the first day of the five-day Diwali Festival, on Oct. 15, 2009. Full story

- NEW YORK, NY-- - Gold stocks have been volatile of late as concerns regarding Europe's debt crisis resurfaced this week. Full story