A Dry Spell Means Farmers Can’t Afford Jewelry for Weddings; ‘Where Is the Money for That?’ By TATYANA SHUMSKY in New York and BIMAN MUKHERJI in New Delhi COMMODITIES August 8, 2012 A sputtering start to this year’s monsoon rains has forced farmers in India to put their gold-buying plans on hold. With crops wilting without the…
Published: Monday, 20 Aug 2012 | 3:45 PM ET Gold futures rose to end at $1,623 as platinum prices jumped nearly 2 percent on Monday, hitting a two-month high after deadly violence at a mine in top producer South Africa triggered heavy speculative buying on supply worries. Bullion prices edged up as trading volume for U.S….
Posted 08/20/2012 06:21 PM ET Platinum jumped nearly 2% Monday, hitting a two-month high after deadly violence at a mine in top producer South Africa triggered heavy buying on supply worries. Investors bought platinum on worries that mines in South Africa may produce less of the metal after 44 people were killed during a strike at…
By Frank Tang NEW YORK | Fri Aug 24, 2012 3:57pm EDT (Reuters) – Gold prices ended flat on Friday as the market took a breather after surging to a four-month high on Thursday on fresh hopes for a new round of U.S. monetary stimulus. Platinum posted a second strong week of gains, up 5 percent, and…
Fri Aug 24, 2012 5:28pm EDT * CRB index, down on day, logs eighth weekly rise in 9 wks * Some say rally petering out as grains, oil short of highs * Gold back in favor with best weekly gains since Jan By Jonathan Leff NEW YORK,…
Friday, August 24, 2012 Stock Market Commentary: The benchmark S&P 500 index and Dow Jones Industrial average snapped a 6-week rally after encountering resistance near their 2012 highs. The underlying notion that has helped stocks rally has been further easing from global central banks. Some market participants are hoping that the tepid economic and earnings…
By Chris Kelly NEW YORK (Reuters) – Copper prices in New York extended gains to new one-month highs in after hours trade on Wednesday after minutes of the most recent Federal Reserve policy meeting indicated the central bank was likely to further ease monetary policy “fairly soon” unless the economy improves. “Many members judged that…
Mon Aug 20, 2012 1:17pm EDT * Speculators bet on fall in S. Africa platinum output * Charts show platinum near overbought territory * Gold-platinum spread narrows after platinum rally By Frank Tang NEW YORK, Aug 20 (Reuters) – Platinum prices jumped nearly 2 percent on Monday, hitting a two-month high after deadly violence at a mine…
Friday, August 17, 2012 Stock Market Commentary: The benchmark S&P 500 index has rallied in 9 of the past 11 weeks which shows how strong this market actually is. The underlying notion that has helped stocks rally has been further easing from global central banks. Some market participants are hoping that the tepid economic and…
Friday, August 10, 2012 Stock Market Commentary: On average, risk-on assets rallied as hope spread that we will see more easing from global central banks. The latest round of economic and earnings data did little to excite investors as the data continues to be blasé at best. Some market participants are hoping that this lackluster…