Apr
16
GEPL Capital`s view on bullions, base-metals, energy
April 16, 2012 | Leave a Comment
GEPL Capital has come out with its report on bullions, base-metals and energy updates. Bullions Gold declined for a second day, dropping with equities and other commodities, as renewed concern that Europe’s debt crisis is worsening boosted the dollar. Spot gold lost as much as 0.5 percent to a one-week low of $1,649.32 an ounce, [...]
Sep
26
World stocks, euro off lows on ECB easing hopes
September 26, 2011 | Leave a Comment
LONDON: World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis. Concerns about the global economic slowdown have not gone away, [...]
Sep
11
China Aug commodity imports shows economy resilient
September 11, 2011 | Leave a Comment
SHANGHAI (Reuters) – China’s key commodity imports, including crude oil, copper and iron ore, all climbed in August from the previous month, adding to evidence that demand in world’s second-largest economy was still going strong despite the economic turmoil in the West. The wave of buying of oil and industrial commodities suggests that Chinese companies [...]
Sep
11
BHP Billiton’s Coal Miners Resume Strikes After Talks Fail
September 11, 2011 | Leave a Comment
BHP Billiton Ltd. (BHP)’s coking coal miners in Australia have resumed strikes after failing to agree with management on pay and work conditions, further disrupting the largest exporter of the steelmaking material. “Strikes are continuing and now we are considering an escalation,” said Stephen Smyth, president of the Construction, Forestry, Mining and Energy Union’s mining [...]
Sep
10
China Aug commodity imports shows economy resilient
September 10, 2011 | Leave a Comment
SHANGHAI (Reuters) – China’s key commodity imports, including crude oil, copper and iron ore, all climbed in August from the previous month, adding to evidence that demand in world’s second-largest economy was still going strong despite the economic turmoil in the West. The wave of buying of oil and industrial commodities suggests that Chinese companies [...]
Aug
30
METALS-Copper rises on consumer spending, strike
August 30, 2011 | Leave a Comment
* U.S. July consumer spending growth at 5-month highs * Strike threat looms at Grasberg copper mine * Coming Up: U.S. consumer confidence 1400 GMT, FOMC minutes 1800 By Susan Thomas LONDON, Aug 30 (Reuters) – Copper rose on Tuesday, helped by data that showed U.S. consumers were willing to spend, especially on cars, suggesting [...]
Aug
14
Gold rally fails to shine on precious-metal funds
August 14, 2011 | Leave a Comment
It’s always frustrating when investors think they have bulwarks in place to protect against wild stock-market onslaughts, only to learn later that their defenses broke down during the heat of battle. That’s what happened lately with precious-metals mutual funds. These investments hold mining-company stocks and thus are supposed to deliver diversification benefits and participate in [...]
Aug
9
BASE METALS – European Opening View – Base metals rebound off overnight lows
August 9, 2011 | Leave a Comment
The selling across the markets continued on Monday with the LME base metals falling by an average of 6.1 percent at the lows of the day. They closed down by an average of 5.1 percent. Tin, lead and zinc all saw losses of over 6 percent, while copper fell 3.8 percent to $8,766 and aluminium [...]
Aug
9
Supply Pinch Could Prop Up Price Of Copper
August 9, 2011 | Leave a Comment
A flurry of weak economic news lately is weighing heavily on copper’s price. Recently, the red metal dipped to its lowest since July 25 after a release of weak global manufacturing numbers and concern over global growth. But demand is only part of the equation for the metal widely used in manufacturing and construction. Macquarie [...]
Aug
5
Gold Advances as ‘There’s Fear Spreading Across All Markets’ even in copper global market
August 5, 2011 | Leave a Comment
Aug. 5 (Bloomberg) — Gold climbed as investors sought a haven from a rout in financial and commodity markets, which plunged on concern that global economic growth is stalling as governments in the U.S. and Europe remain constrained by debt. Bullion for immediate delivery gained as much as 1 percent to $1,663.65 an ounce, and [...]