Bullion and Business News

Bullion and Business News

Bullion and Business News - silver, gold and platinum news and related articles as well as financial business updates.

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Written by tucsonbassplayer on
Crude oil rose as a falling dollar bolstered investor demand for commodities and Tropical Storm Ida entered the Gulf of Mexico, forcing BP Plc and Chevron Corp. to cut output. Oil climbed more than $2 after the greenback fell against a basket of six major currencies following a decision by the Group of 20 governments to maintain economic stimulus measures. Workers were evacuated in the region, an area that accounts for 27 percent of U.S. crude production and 15 percent of natural gas output. “The G-20 didn’t comment about the dollar , which indicates that no action will be taken, and the greenback will ... Read Full Story
Written by michaelu1 on
Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department’s higher than expected unemployment figures of 10.2 percent — a more than 26-year high. Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain. In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent. In London bullion weekly figures , gold jumped 5.5 percent, silver surged 5.8 percent and platinum rose 2.0 percent. Friday ... Read Full Story
Written by michaelu1 on
Precious metals retreated on the week as prices fell following a stronger US dollar. New York crude oil dropped the most in a month on Friday, yet still managed an October rise of 9 percent. US stocks also declined sharply Friday to mark their worst one-day slide since April. The Dow, S&P and Nasdaq registered respective weekly losses of 2.6 percent, 4.0 percent, and 5.1 percent. European stocks declined as well. In London bullion weekly figures , gold fell 2.0 percent, silver shot down 6.1 percent and platinum retreated 3.8 percent. Friday precious metals prices follow: London silver closed to $16.57 an ounce , ... Read Full Story
Written by michaelu1 on
Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost 13 cents higher than last Saturday. In other markets, US stocks declined for the first week in three while European indexes finished mixed with the London FTSE advancing. In London bullion weekly figures , gold climbed 1.4 percent, silver rose 2.0 percent and platinum jumped 2.4 percent. Friday precious ... Read Full Story
Written by michaelu1 on
Precious metals were mixed on the week, moving narrowly from last week’s soaring prices. For the week in London, gold and silver edged slightly lower while platinum inched higher. In New York futures, gold and platinum climbed several dollars while silver ended down nearly 30 cents. In other markets on Friday, New York oil futures gained for a seventh straight day and closed to a record one-year high. US stocks declined slightly, but enjoyed weekly gains as did European stocks. In London bullion weekly figures , gold slipped 0.4 percent, silver fell 1.8 percent and platinum advanced 0.2 percent. Friday precious metals prices follow: ... Read Full Story

NEW YORK (Dow Jones)--Gold futures - as well as spot metal - extended record highs shortly before futures floor trading opened in New York on Monday.

A markedly weaker U.S. dollar was mainly behind the surge.

In recent trading, December gold was up $11.70 at $1,107.40 an ounce after hitting a most-active record of $1,111.70. Nearby November gold hit $1,109.30, a front-month Comex record. Spot gold also hit a fresh all-time peak of $1...  

From freerepublic.com ()
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(EMAILWIRE.COM, November 07, 2009 ) Dallas, TX - US Airways Group, Inc. (NYSE:LCC) soars 8.14% to $3.19 on over 12.50 million shares after Crude-oil futures were down 2% to about $78 a barrel in electronic trading. The stock hit an intraday high and ..  
From earthtimes.org ()
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The Toronto stock market advanced Friday as investors dealt with dismal employment data from Canada and the United States and as gold stocks continued to run ahead amid record high bullion prices.  
From static.canadaeast.com ()
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Prieur du Plessis submits: I argued the bull case for gold in my posts over the past few months (see “Gold bullion - regaining its shine?“, “Gold bullion glitters bright” and “Gold bullion - challenging $1,000“. With the gold price scaling fresh peaks and closing in on $1,100, it would certainly seem as if renewed interest in the yellow metal is being stirred up, especially subsequent to the purchase by India’s central bank of 200 metric tons...  
From seekingalpha.com ()
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Gold jumped to a record after India's central bank bought 200 metric tons of the metal from the International Monetary Fund, heightening speculation that there may be more official purchases. Gold futures for December delivery rose to a record $1,088.50 an ounce at about 2:22 p.m. in after-hours trading on the New York Mercantile Exchange's Comex unit. Earlier, the most-active contract settled at $1,084.90, up $30.90, or 2.9 percent. It was...  
From sott.net ()
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Reno-based Itronics, Inc. (OTC: ITRO) says it doubled silver sales during the first 9 months of the year, despite a downturn in spent photoliquid volume which the company recovers heavy metals from in the manufacture of its green silver.  
From axcessnews.com ()
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Globe and MailPRECIOUS METALS: Comex Gold Rises, Briefly Hits $1100Wall Street JournalNearby and most-active gold futures closed higher and briefly hit the much-anticipated $1100-an-ounce level Friday. ...Gold futures top $1100/oz for first timeReutersGold steadies just below $1100CNNMoney.comGold tips higher in electronic trade after FedMarketWatchWall Street Journal -Wall Street Journal -Wall Street Journalall 407 news articles »  
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Through its 2008 acquisition of NYMEX, CME Group gained a 25% stake in the DME, which enabled it to launch the DME Oman Crude Oil Futures Contract and DME Oman Crude Oil Financial Contract for electronic trading exclusively on the CME Globex platform ...  
From search.msn.com ()
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Gold prices yesterday surged to an all-time high after India's central bank bought 200 tonnes of the precious metal, swapping dollars for bullion as the country's finance minister warned that the economies of the US and Europe had "collapsed". India's decision to exchange $6.7bn for gold, equivalent to 8 per cent of world annual mine production, sent the strongest signal yet that Asian countries were moving away from the US currency. The...  
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The gold composite rose 1.55% Wednesday morning as bullion prices continue to support gold stocks.  Major gold producers shares were all in positive territory with junior gold exploration jv partner to Kinross Gold (NYSE: KGC), Teryl Resources (OTCBB: TRYLF, TSX-V: TRC), passing its peers for the second day in a row.  
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