Archive | metals

Bullion Price Forecast for 2005

London Bullion Market Assocation have released a 10 page report called “Annual Metal Winners 2004“. The best visions of the future often start by looking at the past. Last year held rewards for both the bulls and bears and also for those in the middle. The 2004 average for gold hovered near $410 at years-end […]

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Gold is Not American

By Bill Cara – Although U.S. markets are closed for Thanksgiving, gold and currency trading continues elsewhere. This morning in London, which together with Toronto and New York, is the centre of world trade and finance in gold, the price of gold set a new 16-year price record of US$451.70, up +$3.10 on the day. […]

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Gold May Rise for Second Week on Investor Demand, Survey Shows

Nov. 1 (Bloomberg) — Gold prices may rise for a second week on speculation of increased demand from investors seeking an alternative asset to U.S. stocks, bonds and the dollar, a Bloomberg survey showed. Twenty-one of 52 traders, investors and strategists surveyed on Oct. 28 and Oct. 29 from Sydney to New York urged investors […]

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Copper takes another hammering

Copper prices have fallen another 2% in value, after hedge funds joined in the sell-off which has seen the metal wrenched back from 15-year highs. After peaking on Monday, copper has lost 13% in value after speculative fears of falling demand in China and the US sparked panic selling. Other metals followed suit and mining […]

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Supply is OK for Steelmaking

Buyers of bulk ferroalloys are willing to source material for delivery in six months, as long as suppliers are willing to sell at today’s low prices. Raw materials buyers at North American steelmaking firms say there is such an inventory overhang that ferroalloys can be obtained quickly, and at very inexpensive prices. Near-term demand is […]

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$1bn claim over copper scandal heads for courts

By Nikki Tait – A $1bn-plus High Court claim being pursued by Japan’s Sumitomo against Credit Lyonnais Rouse, part of the French Credit Agricole group, could take more than six months to try and involve more than three dozen witnesses, say lawyers. If there is no settlement between the two sides, the case will be […]

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Chicago muscles in on gold, silver trade

By Peter McKay – The Chicago Board of Trade is planning to launch online gold and silver futures that will compete directly with the long-established ones listed on the Comex division of the New York Mercantile Exchange. People familiar with the move say the CBOT is trying to capitalise on the spate of high prices […]

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Europe gold seen steady to firmer before Fed meet

LONDON, Aug 9 (Reuters) – Gold prices kept to tight ranges on Monday in Europe as the market digested Friday’s run up to two-week highs above $400/oz following much weaker-than-expected U.S. jobs data. Traders and analysts felt the market had potential for further gains, although volatility would remain high given the low liquidity levels. “It […]

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