Platinum Rallies For Fifth Day, Gold Slips
Platinum rallied for a fifth day in a row on Tuesday, its longest streak of gains since October that took the price above that of gold for the first time in six months, while gold itself fell below $1,700 an ounce ahead of a U.S. rate decision later.
German Economic Confidence Rises For 4th Month
A closely followed measure of German economic confidence rose in March, its fourth consecutive monthly gain, the ZEW Center for European Economic Research in Mannheim said Tuesday.
Bull Market Begins Year No. 4, But China Lurks: Daily Markets Report
China's surprisingly big February trade deficit numbers Monday cut into commodity prices and other growth-sensitive securities.
US Budget Deficit On Track To Exceed $1 Trillion Again
The U.S. budget deficit grew by $231.68 million in February, more than at any time since August 2010, but the government is on track for a budget gap this fiscal year that's smaller than in fiscal 2011.
Gold Falls But Bullion Holdings Climb To Record
Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep U.S. rates low, although longer-term investors took their bullion holdings to a fresh record.
Boeing, Airbus Both Claim Victory In WTO Ruling
Boeing Co. and Airbus SAS both claimed victory Monday in a World Trade Organization ruling that the U.S. aircraft maker had received unfair government subsidies.
Freeport Indonesia's Grasberg Is Up And Running
Work at the Grasberg mine in eastern Indonesia run by Freeport-McMoRan Copper & Gold Inc resumed as expected on Monday for the first time since a suspension on Feb 23, according to the company and the union.
Ghana's Full-Year Gold Output To Rise In '12
Ghana's full-year gold production declined by a few percentage points last year but is expected to rise in 2012, the head of its Chamber of Mines said on Friday.
Gold Edges Lower As Dollar Rallies
Gold edged lower on Monday after equities reversed gains and the U.S. dollar rallied to the highest in more than a month, but some investors opted to stay on the sidelines ahead of a U.S. Federal Reserve meeting this week that could weigh on the precious metal.
US Employers Keep Hiring, Greece Completes Bond Swap: Daily Markets Wrap
U.S. employers extended their hiring spree last month and Greece finalized its $234 billion bond swap. Nevertheless, investors' risk appetite jumped, sending global equities higher, cutting bond prices and boosting commodities.
Zimbabwe, Implats Conflict Intensifying
A war of words between South Africa's Impala Platinum and Zimbabwe intensified on Thursday, when the world's second-biggest platinum producer denied offering to hand over a stake in its local unit to the government.
Indonesia's New Mining Law Not Aimed at Freeport: Report
A new Indonesian regulation that changes the rules on foreign ownership of mines applies to all foreign companies and is not aimed specifically at the largest of those, Freeport McMoRan Copper & Gold Inc (FCX.N), the deputy energy and mining minister said on Thursday.
Gold Rises On Optimism About Greek Bond Swap
Gold rose Thursday, led by a climb in the euro on the back of growing confidence in Greece's ability to complete a bond swap to avoid defaulting on its debt, and by evidence that this week's decline to six-week lows had lifted investor demand.
US Employers Planned 3.3% Fewer Layoffs In February: Report
U.S. employers planned slightly fewer layoffs in February than the previous month, but the overall pace of corporate downsizing is up 18 percent over last year, global outplacement firm Challenger, Gray & Christmas Inc. said in a report Thursday.
Freeport Indonesia Sure Govt Will Honor All Contracts
Freeport Indonesia said on Wednesday it was confident the government would honour all existing contracts as it re-negotiates a royalty contract over its Grasberg mine, which is the world's biggest gold mine and second biggest copper mine.
Impala Platinum Makes 'Irrevocable' Offer to Zimbabwe
Impala Platinum, the world's second-biggest producer, has made an irrevocable offer to hand over a 29.5 percent stake in its Zimplats unit to a state-run fund, a senior Zimbabwe minister said on Wednesday.
South African Miners Stage One-Day Strike
Tens of thousands of South Africans staged a one-day national strike on Wednesday, hitting mining production, as the biggest labour group in the continent's largest economy flexed its muscles to remind the ruling ANC of its political clout.
Gold Edges up to Snap Three-Day Plunge
Gold prices snapped three days of losses to rise on Wednesday, helped by the euro paring losses versus the dollar, which eased negative currency effects on the precious metal, and by a tentative recovery in demand for physical gold at lower prices.
Peru Official Says Newmont Mining Has Green Light
Peru insists its biggest mining project to date, Newmont Gold's $4.8 billion Conga gold and copper project, will go ahead, although the final shape and form has yet to be decided.
ICBC's Gold Leasing Climbs to 62.8 Metric Tons
Industrial and Commercial Bank of China Ltd , the world's most valuable lender, said in a statement that its gold leasing business reached 62.8 tonnes of physical metal in 2011.
Gold Down 2% after Breaking below 200-Day Moving Avg
Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.
AmerisourceBergen Paying $520M for World Courier
U.S. drug wholesaler AmerisourceBergen Corp. said Tuesday it will pay $520 million in cash to buy privately held World Courier Inc., a global specialty transportation and logistics provider for biopharmaceutical companies.
African Gold Miners, Fairtrade Foundation Working Together
The Fairtrade Foundation will begin working with African gold miners for the first time this year, the organisation said on Tuesday, 12 months after it launched the Fairtrade Gold brand with metal sourced from Latin America.
Gold Falls More Than 1%, Falls Below $1,690
Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
World's Largest Platinum Mine Restarts, As Planned
Impala Platinum said on Monday that the world's largest platinum mine had restarted as planned.
South Korea Paying $20B for Persian Gulf Oil Fields
South Korea, which has been under U.S. pressure to diversify away from Iranian crude oil, won the right to explore for oil in three undeveloped fields off the United Arab Emirates coast.
Newspapers Slow to Respond to Digital Ad Revolution - Pew
Newspaper revenue from print ads is falling $7 for every $1 gain in digital advertising, the Pew Research Center said Monday.
AuRico Gold Boosts Reserves by More than 1M Ounces
Canadian gold miner AuRico Gold Inc. said Monday its reserves of gold shot up last year by more than one million ounces on its acquisition of Capital Gold Corp. and Northgate Minerals Corp.
Gold Below $1,700 on Weak EU Data
Gold prices slid below $1,700 an ounce in Europe on Monday as weaker-than-expected euro zone economic data lifted the dollar versus the euro, and as appetite for assets seen as higher risk, like stocks and commodities, suffered after China set its lowest annual growth target in eight years.
Bonds Climb, Stocks Take a Breather: Daily Markets Wrap
Rising liquidity on both sides of the Atlantic boosted global bond prices Friday but equities took a breather after climbing in recent months, in one case to a four-year high, on light volume.
