By Barani Krishnan Thu Sep 13, 2012 8:04pm EDT (Reuters) – For commodity markets, the third iteration of U.S. central bank stimulus may play like many movie sequels — a familiar plot, a predictable rise, yet less potent than the original. But the Federal Reserve has introduced a new twist on its latest round of…
Published: Wednesday, 5 Sep 2012 | 2:09 PM ET Gold prices were slightly lower on Wednesday after testing the key $1,700 per ounce mark a day earlier as investors sat on the sidelines ahead of the European Central Bank meeting on Thursday. While not straying far from Tuesday’s near six-month high, prices were in a narrow…
Wed Sep 5, 2012 2:01pm EDT * Gold, silver both overbought – RSI * Platinum hits fresh 4-month high on South Africa fears * Market awaits ECB, U.S. payrolls data and Fed meeting By Josephine Mason and Maytaal Angel NEW YORK/LONDON, Sept 5 (Reuters) – Gold prices were slightly lower on Wednesday after testing the…
Fri Aug 31, 2012 3:42pm EDT * Commodities bellwether CRB rises 3 pct in Aug; up 3rd month in row * US crude leads gains, rising nearly 10 pct for month * Soybeans up 7 pct for Aug, cocoa 9 pct By Barani Krishnan NEW YORK, Aug 31 (Reuters) – Commodities rose broadly on…
By Chris Kelly and Susan Thomas NEW YORK/LONDON | Fri Aug 31, 2012 2:10pm EDT (Reuters) – Copper rose on Friday to end August with a monthly gain, after Federal Reserve Chairman Ben Bernanke said high unemployment is a “grave concern”, leaving investors hopeful for another round of government bond buying, or quantitative easing, or QE, from…
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,…