Commodity Prices | Forex Trading


Archive for November 3rd, 2008

UBS Slashes 2009 Commodity Forecasts By Average 37%

Dow Jones Newswires, 21:27 ET (01:27 GMT) 30-Oct-2008
By Elisabeth Behrmann Of DOW JONES NEWSWIRES
SYDNEY (Dow Jones)–UBS has slashed its 2009 commodity prices forecasts by an average of 37%, in line with cutting expectations for global growth to slow to 1.3% next year, from an earlier forecast of 2.2%.
That prompted considerable cuts to commodity forecasts for [...]

Gold production ‘in crisis’ - AngloGold Ashanti CEO

Creamer Media’s Mining Weekly 30-Oct-2008
By: Martin Creamer
Gold production was “in crisis” and a gold price of $900-to-$1 000/oz was needed to arrest the downward trend, AngloGold Ashanti CEO Mark Cutifani said on Thursday.
Cutifani said that the world had seen a decline in the production of gold across the globe in the past seven years, and [...]

Gold a victim of its own success, Munk argues

The Globe and Mail, p. B5 580 words 31-Oct-2008
Barrick founder says the precious metal has not behaved as expected during the financial crisis but that its time to shine is coming
By Andy Hoffman, MINING REPORTER
The global financial meltdown should have settled the long-standing debate between gold bugs who consider bullion the ultimate store of value [...]