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Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
India Silver Import Falls by 50%, Follow Gold Mine Demand
High prices, dull market conditions and re-cycling of scrap silver materials have led to a big fall in the imports of silver by India, one of the largest importers of the white metal in the world.
Gold Mine Prices and Trade Slip After Drop in Two Weeks
Gold extended losses to trade below $900 an ounce on Thursday, after registering its biggest daily percentage drop in more than two weeks the previous day, as stock markets rallied and the U.S. Fed calmed inflation fears.
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
Zacks Industry Rank Analysis Highlights: Barrick Gold, Campbell Soup Company, Fresh Del Monte, Heinz and Newmont Mining
Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Barrick Gold (NYSE: ABX – News), Campbell Soup Company, Fresh Del Monte, Heinz and Newmont Mining. To see the Zacks Industry Rank and the trend in earnings estimates revisions for all 208 industry groups.
Zacks Industry Rank Analysis is written by Charles [...]
Golden Eagle Confirms Confidence Demonstrated by Recent World-Class Projects in Bolivia
Golden Eagle International, Inc. confirmed its scheduled Conference Call and simultaneous Webcast on Thursday, March 8, 2007, at 4:15 p.m. EST (3:15 p.m. CST; 2:15 p.m. MST and 1:15 p.m. PST). The Webcast will feature a PowerPoint presentation updating progress on the C Zone gold project and the Buen Futuro A Zone gold-copper project. (IMPORTANT: [...]
Oil stocks boost TSX as crude prices revive, consumer data helps take NY up
The Toronto stock was comfortably on positive ground late Friday morning, led by gains in the energy sector amid hopes that oil has hit bottom after prices tumbled over 17 per cent this month.
Positive consumer data helped turn New York indexes higher, helping to compensate for reports and forecasts from blue-chip names like IBM Corp. [...]
Dollar Continues to Weaken While Gold Outperforms Key Currencies
Exchange Traded Gold submits: Most commentators have concluded that dollar weakness has been the main factor for the sharp revival in the spot gold price since its mid September low of $574 an ounce.
Yet, as the table to the right shows, gold itself is being used as a hedge against general uncertainty in the currency [...]
Lower gold prices attract more buyers
The yellow metal is set to witness record deliveries in October, exceeding 1,300 kg on the Multi Commodity Exchange (MCX), where the gold contracts are very liquid.
A spurt in demand with the onset of the festival season, and a crash in prices over the past two weeks have fuelled the trend. Investors were also allured [...]
