COMMODITIES

PRECIOUS METALS: Gold, Silver Plunge

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Gold futures fell on Friday, extending their dive from the previous session on speculation the precious-metals rally will end after prices failed to match crude, oil and euro prices this week which hit new records.
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Is the excitement in Gold market gone?

By Jon Nadler Overnight gold trading was fairly subdued, with prices meandering between $918 and $929 as participants observed rising equity markets (the Nikkei added 378 points) and softer ...
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Gold follows oil hits $ 937.50 an ounce

Commodity Online NEW YORK: Gold and other precious metals followed oil s success train as the US dollar continued to get weaker amid reports of decline in Wall Street equities.June gold p...
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US Crude Oil supplies down by 3.2 million barrels

Crude oil supplies were down 3.2 million barrels last week to 316.0 million barrels. 600,000 barrels of crude were also added to the Strategic Petroleum Reserve.The USDA's estimate for 2007 2008 U...
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A river of gold in California!

Commodity Online The soaring gold prices have a strange impact on the streambeds across California.With gold hovering over $900 an ounce, peop...
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This Week in Petroleum - Apr 9

Where Have All the Drivers Gone? Does it seem like there are fewer cars on the highway this year? The recent trend in motor gasoline consumption would appear to indicate so. Gasoline consumpti...
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Gold Gains on Crude Oil Record

Gold futures gained 2 percent on Wednesday as crude oil soared to a new record while a weaker U.S. dollar boosted investors demand for the precious metal.
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Gold precious metals fall on oil's slip

Commodity Online NEW YORK : Gold and other precious metal follwed oil on their journey south on Wednesday as gold itself pared back heavier losses overnight.June gold was lower by $US8.80...
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Gold sale season IMF to sell 14 million ounces

By Jon A. Nones SEATTLE (ResourceInvestor.com) The Executive Board of the International Monetary Fund has endorsed a new package of measures to shore up finances, which includes the previo...
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Gold not to act as a medium of exchange

By Julian D.W. Phillips The focus in the Gold Market has always been on the Dollar price of gold, writes Julian Phillips of the Gold Forecaster. And yet we have ample evidence of why we shou...
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Why is Tata Power silent on Mundra power plant?

By Sreekumar Raghavan MUMBAI: Why is Tata Power Co Ltd silent even as environmental groups have urged World Bank to rethink about funding the $4.5 bn 4000 MW ultra mega coal powered Mundra...
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Gold Futures Drop on IMF Gold Sell-Offs, Dollar Gains

Gold futures fell on Tuesday after the dollar gained against major currencies and the International Monetary Fund approved a plan to sell more than 14.2 million ounces of its gold reserves to narrow the lender's financial shortfall.
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Gold needs to retain its string of recent closes

By Jon Nadler Gold prices eased into a lower trading channel of from $915 to $926 during the overnight hours, as participants observed an additional rise in the US dollar (72.34 on the index...
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Gold is a hedge against declining US Dollar

The idea that gold preserves wealth is even more important in an economic environment where investors are faced with a declining US dollar and rising inflation due to rising commodity prices.Histor...
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Big Gold discovery in Indonesia

Drilling at the Montong Botek high grade gold and copper porphyry target in Lombok, Indonesia has returned the longest mineralised intercept to date, which includes 0.25 g/t gold over 576.95 metres...
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Why people hold Gold to their hearts

From gold exchange traded funds (ETFs) to gold stocks to buying physical gold, investors now have several different options when it comes to investing in the royal metal.But what exactly is the pur...
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Will IMF gold sale hit bullion market?

Commodity Online NEW DELHI: Do you know how much of gold is going to enter the market soon? Around 12.97 million ounces of gold is all set to come to the market with the International Monet...
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India's spectacular story in petroleum refining

By K Radhakrishna India has witnessed a spectacular growth in the refining sector over the years. In 1947, at Independence, there was only one refinery located in Digboi with a capacity of 0...
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There is plenty of Crude Oil available: OPEC

June crude oil closed up $2.79 at a new contract high of $108.55 with little hope that OPEC can or will do anything to help contain prices.OPEC's Secretary General continues to say that there is p...
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PRECIOUS METALS: Gold, Silver, Platinum Rally

Gold futures rallied in New York on Monday along with other precious-metals futures , helped by a strength in crude oil and worries over the financial stability of the U.S. economy heightened investors demand for the precious metal.

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