Commodity Prices | Forex Trading


Archive for the 'Commodity Prices - Gold' Category

Time To Leave The Party? (Commodities Corner)

Barron’s 24-Mar-2008
By Andrea Hotter
It’s official. Commodity prices are no longer a safe one-way bet. Their resilience is waning as risk aversion takes the driver’s seat. Their saving grace? Investors are saying they’re still reluctant to be caught short.
Commodities prices have been in a tailspin as market participants began adopting the view that a fire sale [...]

Europe continues slump as gold prices drop

Gold futures were down $24 an ounce on Thursday after the $59 tumble on Wednesday. Oil futures briefly fell beneath the $100 a-barrel level for the first time in three weeks.
Oil is under pressure as demand appears to be slowing. Some serious volatility in the markets.
How does all this relate to the Forex and [...]

$1000 - what a rush

Herald Sun (Melbourne) 15-Mar-2008
by Anthony Keane
GOLD - the world’s most popular treasure - is sparkling brighter than ever.
The price of the precious metal has climbed above $US1000 an ounce for the first time and many experts predict it will keep rising.
But that does not mean it’s time to sell all your jewellery for a handsome [...]

Gold hits new record of $970 on dollar’s tumble

By Polya Lesova, MarketWatch
Last update: 11:40 a.m. EST Feb. 28, 2008
NEW YORK (MarketWatch) — Gold futures rose to a record high of $970 an ounce Thursday, propelled by the dollar’s tumble to a new low against the euro. Gold for April delivery hit $970 an ounce on the New York Mercantile Exchange. The contract was [...]

Newmont’s O’Brien Says World Gold Output Will Decline

Bloomberg, 13:40 (New York) 08-Feb-2008
By Stewart Bailey
Feb. 8 (Bloomberg) — Newmont Mining Corp., the world’s second-largest gold producer by volume, said global production of the precious metal will decline as new deposits that are profitable to mine become harder to find.
“It’s more unlikely that we’ll find big deposits, near the surface, that are economic to [...]

Mining analysts missing the mark: report

theglobeandmail.com, 10:40 AM EST 06-Feb-2008
by ROMA LUCIW, Globe and Mail Update
Mining analysts are missing the mark in their predictions for a sharp decline in metal prices, according to a report from Ernst & Young.
“Contrary to the continued assertions of mining analysts, current metal prices are actually a return to sustainable price levels following an extended [...]

Barrick Bullish On Gold, Sees It Above $1,000/Oz

Dow Jones Newswires, 08:57 ET (13:57 GMT) 05-Feb-2008
By Robb M. Stewart
CAPE TOWN (Dow Jones)–Barrick Gold Corp. (ABX), the world’s largest gold producer, expects to see the price of the precious metal trade north of $1,000 an ounce, in part bolstered by a decline in global output, the company’s vice president of exploration said Tuesday.
Alexander Davidson [...]

Gold to peak above $1000/oz

2008-2-4 16:27
Cape Town - The price of gold is likely to peak at just over $1 000 per ounce in 2008 and benefit from any weakening of the US economy as investors seek new havens for their funds, London-based consultancy GFMS said on Monday.
The influence of investors would also be crucial in turning the tide, [...]

Russia’s billionaires join next big gold rush

Reuters 30-Jan-2008
By Robin Paxton
MOSCOW, Jan 30 (Reuters) - Russia’s metals billionaires are moving into gold, attracted by record prices and the prospect of carving a share of production that is forecast to rise 40 percent by 2015.
Six of the 10 richest Russians ranked by Forbes magazine own gold assets in a country with reserves second [...]

U.S. gold futures hit record high at $930 an ounce

Mon Jan 28, 2008 8:37pm EST
SINGAPORE, Jan 29 (Reuters) - Gold futures in New York rose to a record high in electronic trading on Tuesday, on the back of a weaker U.S. dollar and expectations of more interest rate cuts in the United States.
The active gold for February delivery GCG8 on the COMEX division of [...]