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Gold triumphs among metals with best monthly rally in a year (Gulfnews - 31/01/2016)

For most commodity investors, January was one more bad month in a years-long bear market. Gold was an exception. Gold futures rallied 5.3 per cent in January, the best gain in a year. The returns were far better in mining stocks, with an index of South

Dubai gold prices up by Dh7 per gram; is it time to sell or buy more (Gulfnews - 28/01/2016)

Gold continued its ascent on Wednesday, hovering at levels not seen since late last year. The precious metal’s appeal has been on the rise, as the US dollar started to show signs of softening while investors await the Federal Reserve’s decision on

MENA steel output falls 7.39% in 2015 (Saudi Gazette - 26/01/2016)

Steel production in MENA region fell by 7.39% to 65.259 million tons in 2015 as compared to 70.463 million in 2014. Regional producers were under pressure because of decline in oil prices, influx of steel exports from China and political tension

Record 7pc growth in GCC aluminium production (Oman Daily Observer - 25/01/2016)

Collectively the five aluminium primary producers Emirates Global Aluminium in UAE, Alba in Bahrain, Ma’aden Aluminium in KSA, Qatalum in Qatar and Sohar Aluminium in Oman have produced 5,274,729 tonnes of primary aluminium in 2015, seven per cent more

Gold retreats as equities rally, oil bounces 5 pct (Reuters - 22/01/2016)

Gold fell on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed European shares up 2.5 percent, denting appetite for alternative assets, while oil rebounded. Benchmark Brent crude, whose slide to

Metals looking brighter, helped by rebound in oil prices (Bullion Desk - 22/01/2016)

The metals avoided selling off two days ago while equities weakened but they did manage to rally yesterday as equities rebounded. This suggests the base metals may be tired on the downside, at least for now. The metals closed up an average of 1.4 percent

Copper output will start in 2017, says Savannah (Oman Daily Observer - 20/01/2016)

Savannah Resources Plc, which is engaged in drilling excavation projects in Blocks 4 and 5 in the Semail Ophiolite Belt in Oman, said it expects to achieve high-grade, low-cost copper concentrate production in late 2017 with additional gold upside. With

Gold Hold Steady After Light Monday Session (Action Forex - 19/01/2016)

'It seems unlikely that any particular group would put a floor under the gold price at this stage.' - CMC Markets (based on CNBC) Pair's Outlook On Monday the bullion has spent its most tranquil trading session this year. Prices of gold were broadly

Dubai’s latest gold rates: Metal inches higher (Gulfnews - 19/01/2016)

Gold’s retail prices in Dubai inched higher on Monday as investors continued to seek refuge in safe-haven assets amid the current economic uncertainty. The precious metal has so far gained about 2.5 per cent in value this year. As of 6pm, 24-carat gold

Metals firmer as Chinese equity markets stabilise (Bullion Desk - 18/01/2016)

Metals put in a weak performance on Friday led by nickel and zinc that closed down 2.6 percent, copper was down 1.8 percent at $4,325.50, lead was off 1.6 percent and aluminium dropped one percent, while tin closed off 0.2 percent. The precious metals

Is the silver market the most manipulated market in the world? (GS Early - 15/01/2016)

Recently, my colleague and publisher sent me an interesting article about how the price of silver has been manipulated to the point of totally distorting its current value from its real value. Now, there are plenty of people who are regularly talking

Platinum Becomes a Victim of the Chinese Market Slump (Market Realist - 15/01/2016)

The current 2016 rout in precious metals is most visible in platinum and palladium. Both these metals have seen significant drops in 2016. Platinum and palladium prices have fallen 5.2% and 14%, respectively, on a year-to-date basis. The 4.7% rise in

Gold eases for 2nd day on uptick in risk appetite (Reuters - 15/01/2016)

Gold lost more ground on Friday, falling for five out of six sessions as a rebound in oil and equity markets reduced the precious metal's safe haven appeal. Gold has dropped 2.5 percent this week, its biggest weekly decline since early November.

Markets in turmoil spur biggest gold ETF purchases in a year (Bloomberg - 15/01/2016)

It’s been a scary start to 2016 for global markets and investors are responding by buying more gold than anytime in the past year. In the past five days, investors bought 26.8 metric tons of bullion through exchange-traded products backed by the metal,

Gold eases as investors cash in gains; equities, dollar underpin (Reuters - 15/01/2016)

Gold eased on Thursday as buyers cashed in some of the previous session’s gains, but the metal remained underpinned by positive pressure from a drop in stock markets and dollar weakness. Stocks fell in Europe and Asia on Thursday following steep losses

Latest Dubai gold prices: Bullion drops nearly 2% in four days (Gulfnews - 14/01/2016)

Weak prices have also been attributed to expectations of another interest rate increase by the US Federal Reserve. Spot gold dropped 0.2 per cent to $1,084.20 an ounce by 0347 GMT, according to a Reuters report. A rise in safe-haven demand, triggered by

Falling commodity prices weigh down economy (News Day - 12/01/2016)

The rapidly falling international commodity prices have negative effects on the country’s economy as evidenced in reduced profit levels, the Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) has said. According to the Zeparu Economic Barometer

Oil Threatens $30 over USD Gains, Gold Recedes as Risk Rout Pauses (Daily FX - 12/01/2016)

Asia market started on a slightly positive note as the risk rout wanes somewhat, after heavy sell-off dried up market liquidity. AUD, NZD and regional stocks stabilized albeit at low levels, while gold and JPY retreat. Gold, copper and oil moved downward

Gold stays close to 9-week high (Arab News - 12/01/2016)

Gold retreated on Monday as the dollar rose versus the euro, but was still around a nine-week high as pressure on Asian stock markets continued to support investors’ flight to safety. Spot gold was down 0.1 percent at $1,103.06 an ounce by 1301 GMT,

Gold is turmoil’s beneficiary as Soros recalls 2008 crisis (Arab News - 11/01/2016)

Gold is dusting off its credentials as the go-to commodity in troubled times and its producers are reaping the benefits. Futures rallied above $1,100 an ounce to a two-month high, after a sell-off in Chinese shares forced the country’s stock exchanges to

Gold Price Hits 1-Month High ( Bullion Vault - 06/01/2016)

GOLD PRICES rose to new 1-month highs against a rising US Dollar Wednesday morning in London, touching $1088 per ounce as Western stock markets fell again, crude oil hit fresh 11-year lows, and the Chinese Yuan dropped to its lowest Dollar value since

Gold price hits over three-week high on global cues, jewellers buying (Business Today - 06/01/2016)

Continuing its rising streak for the third straight day, gold prices added another Rs 60 to hit over three-week high of Rs 25,900 per 10 grams at the bullion market on Wednesday, tracking a firming global trend amid pick up in buying by jewellers. Silver

Gold rises to $1,083 amid risk aversion (Saudi Gazette - 06/01/2016)

Gold rose on Tuesday as a wave of risk aversion due to growth worries in China and rising tensions in the Middle East triggered demand for the metal. Spot gold was up 0.3% at $1,077.60 an ounce by 12.58pm. On Monday, the metal jumped as much as 2.2% to a

Gold up 2% as stocks decline, tensions rise (Khaleej Times - 05/01/2016)

Gold rallied two per cent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fuelled concerns over global growth. Palladium, which as a largely industrial metal is more exposed than gold to

Gold faces another tough year in 2016 (Arab News - 05/01/2016)

Gold rallied 2 percent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fueled concerns over global growth. Palladium, which as a largely industrial metal is more exposed than gold to

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