Latest news on ‘Metals & Mining’
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Upbeat Economic Data Curtail Gold Prices
NEW YORK (Dow Jones) – Gold futures locked in their third consecutive decline Monday, after stronger-than-expected U.S. consumer spending data set a negative tone for traders.
The most actively traded contract, [...] -
As the dust in Japan settles, coal shines
Globe & Mail – It didn’t take investors long to decide that the Japan earthquake was going to shake up the world’s commodity markets. But just how will it impact [...]
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Gold settles higher on safe-haven buying
MarketWatch — Gold futures on Friday overcame a weak start to settle higher as investors turned to the metal as losses for other commodities such as oil moderated after Japan’s [...]
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Commodity Prices Rise on Concerns About Inflation
AP – Most commodity prices are climbing after a new government report indicated inflation may be inching higher.
Prices for wheat, corn, soybeans and metals are all higher. Energy contracts are [...] -
Gold Slumps to Lowest Settlement Price in Seven Weeks After Euro Rallies
Bloomberg – Gold fell in New York to the lowest settlement price in seven weeks on speculation that European Union leaders will stabilize the region’s economy, eroding the appeal of [...]
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Inmet, Lundin to combine into new copper producer
TORONTO (AP) – Inmet Mining Corp. and Lundin Mining Corp. said Wednesday they are combining to form a new copper company, Symterra Corp., with a market value of about 9 [...]
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Gold Prices: Correction or Time to Buy?
NEW YORK (TheStreet) — Gold prices tumbled Tuesday, losing 2.5% of their value, dragged down by technical selling and profit taking.
Gold for February delivery shed $44.10 to $1,378.70 an ounce [...] -
Gold, grains are commodities standouts in 2010
ST. LOUIS (AP) – From gold to grains to oil, commodities finished 2010 at or close to their highest levels in years.
Gold closed Friday at $1,421.40 an ounce, up roughly [...] -
China Cracks Down on Illegal Rare Earth Mines
NY Times – BAISHAZHEN, China — The elderly rice farmer was leading three outsiders into an illegal quarry to show them the gangster-run mine that has poisoned his village’s fields [...]
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Gold Futures Fluctuate as Dollar Rises Versus Euro on Debt Woes
Bloomberg – Gold futures fluctuated as the euro slumped against the dollar amid mounting European debt concerns.
The euro dropped as much as 0.7 percent against the greenback. Costs to insure [...]
