Compiled Metals News & Articles for Research

Brendan Ryan | Tue, 22 Jun 2010 11:54
[miningmx.com] -- ZIMBABWE’S emerging platinum sector appears to be on the verge of a boom, following Impala Platinum’s (Implats’) decision to invest $500m in the second phase expansion of its Ngezi mine.

At the same time, Anglo Platinum (AngloPlat) is pushing ahead with development of the Unki mine. Mining operations have started and ore is being stockpiled ahead of commissioning of the concentrator plant, scheduled for the fourth quarter of 2010.

NEW YORK (TheStreet) -- Gold prices in New York were struggling to regain momentum Tuesday as profit-taking weighed on the precious metal and tempered its upside.
Gold for August delivery was adding 10 cents to $1,240.80 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,241.90 and as low as $1,233. The U.S. dollar index was dipping 0.07% to $85.91 while the euro was falling 0.17% to $1.22 vs. the dollar. The spot gold price Tuesday was adding more than $4, according to Kitco's gold index.

By Kim Kyoungwha

June 22 (Bloomberg) -- Silver may surge to as much as $23 an ounce next year, the highest price since 1980, as investors seek a cheap alternative to gold and a global economic recovery boosts industrial demand, according to Commerzbank AG.

The metal may advance to as much as $21 an ounce by the end of this year, about 12 percent higher than yesterday’s close, Eugen Weinberg, head of commodity research, wrote in a report, dubbing the metal “gold’s little brother.” Compared with gold, silver may be considered low priced, Weinberg wrote.

June 8 (Reuters) - New York gold futures rallied to
all-time highs above $1,250 an ounce on Tuesday as jittery
investors piled in amid fears that euro zone credit contagion
could stunt global economic growth. * For the latest detailed report, click on [GOL/]. GOLD * U.S. gold futures for August delivery GCQ0 on the COMEX
division of the NYMEX up $11.10 at $1,251.90 an ounce at 10:31
a.m. EDT (1431 GMT). * Ranged from $1,238.50 to $1,254.50 an ounce - an all-time
high. * Gold boosted by heightened investor risk aversion, steadily

LONDON (AFP) – The

price of gold rose to an all-time high point above 1,250 dollars an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal.

At about 0925 GMT on the

London Bullion Market, gold hit a record 1,251.85 dollars an ounce.

"Gold rallied to a new all-time high this morning as worried investors continue to pile in to the precious metal," said Rajesh Patel, head trader at financial betting firm Spread Co.

"We are seeing continued signs of stress in the

By Pham-Duy Nguyen

June 8 (Bloomberg) -- Gold rose to a record on demand for a haven from financial turmoil in Europe.

Gold futures rose to $1,254.50 an ounce in New York and also touched highs in sterling, euros and Swiss francs. European equities fell and Fitch Ratings said the U.K. must deepen budget cuts to protect its top credit rating. Gold has gained 13 percent this year as investors lost confidence in currencies. The euro has plunged 17 percent against the dollar.

LONDON (Reuters) - Gold prices hit record highs above $1,250 an ounce in Europe on Tuesday and reached all-time peaks in a range of other currencies as risk-averse investors bought the metal as a haven from volatility in other markets.

Spot gold hit a high of $1,251.05 an ounce and was bid at $1,247.95 an ounce at 0937 GMT, against $1,238.05 late in New York on Monday. U.S. gold futures for August delivery hit a record high $1,254.50, and were later up $10 at $1,250.80.

The precious metal also hit record highs in euro, sterling and Swiss franc terms.

2010-06-08 11:41:54

Gold futures on the Comex New York Mercantile Exchange ended sharply higher on Monday, as investors worried that the fiscal problems in Hungary would heavily weigh on the eurozone debt crisis. Silver surged, but platinum dropped.

The most active gold contract for August delivery spiked 23.1 U. S. dollars, or 1.9 percent, to finish at 1,240.8 dollars, which is 2.30 dollars lower than its May 12 settlement record of 1,243.10 dollars.

Silver prices added 86 cents to $18.16 while copper prices lost 5 cents to $2.76.

Thiruvananthapuram, Tuesday 08 June 2010: Gold prices zoomed to a record high today with the price of the yellow metal crossing Rs 14,080 for a sovereign (8 grams) and a gram of gold costing Rs 1760, Rs 10 rise from Monday’s rate.

Monday’s rate was Rs 14,000 for a sovereign. In international markets too the prices surged as the European debt crisis fuelled demand.

Gold prices in Mumbai hit an all-time high of Rs 18,983 per 10 gm on Saturday on news of spreading of the Europe crisis.
The yellow metal, on Saturday, was up 2.2 percent from its Friday's close, while the gold prices in the international markets increased by only 1.92 percent on Friday, analysts say the 28 basis points difference is largely attributable to a declining Rupee versus Dollar.

Gold prices jumped $23 or 2.2 percent to $1219.9 on Friday riding on speculation of Sovereign debt crisis of Greece, Spain and Portugal spreading to Hungary.