2017 2016 2015 2014 2013 2012 2011 2010 News Archive
January February March April May June July August September October November December
Gold remains stuck in no man’s land
(Saudi Gazette - 28/08/2016)

Since the post-Brexit surge gold has increasingly found it difficult to make any decisive move in either direction. During this time, the price of gold has been averaging $1,340/oz, a level that has been touched in 12 out of the last 14 trading days. <b>

Copper falls to eight-week low
(Arab News - 25/08/2016)

Copper prices fell to eight-week lows on Wednesday as rising inventories in Asian warehouses fueled fears about weaker demand ahead in top consumer China. A stronger dollar, eroding the purchasing power of commodity buyers outside the US, and slide in

Danube opens aluminum composite panel factory
(Trade Arabia - 23/08/2016)

Dubai-based Danube Group, a leading materials supplier in the UAE, celebrated the opening of the first aluminum composite panel (ACP) factory in the Middle East, in conjugation with Alucopanel USA. The facility, part of Alucopanel Middle East and located

Gold slides to 2-week low
(Arab News - 23/08/2016)

Gold fell to a two-week low on Monday. Spot gold was down 0.4 percent at $1,335.97 an ounce at 1130 GMT, while US gold futures for December delivery were down $6.30 an ounce at $1,339.90. Silver hit a seven-week low of $18.77 an ounce and was later down

Copper: A tale of two South American producers
(Arab News - 21/08/2016)

Copper is underperforming every other major base metal so far this year. The London Metal Exchange (LME) three-month price is this morning trading around $4,840 per ton, translating to a year-to-date gain of just under five percent. And there are plenty

Gold price jumps 1.3% after US sales data
(Arab News - 14/08/2016)

Gold jumped 1.3 percent on Friday as the dollar retreated further after US retail sales data were unexpectedly flat in July. Friday’s unchanged reading for last month suggested consumer spending was cooling after the second quarter’s brisk 4.2 percent

Gold lower as dollar steadies, global shares surge
(Reuters - 13/08/2016)

Gold edged lower on Friday, as global stocks surged and the dollar firmed on renewed expectations of a rate hike by the US Federal Reserve this year. Spot gold was down 0.1 per cent at $1,336.71 an ounce by 0929 GMT, while US gold slipped 0.6 per cent to

Gold investment hits record levels in 2016
(Reuters - 12/08/2016)

Investment demand for gold hit record first-half levels this year, a World Gold Council report showed on Thursday, fuelled by a push towards low and negative interest rates, and concerns over political issues such as Brexit. Strength in investment offset

Gold demand jumps amid global turmoil
(AFP - 12/08/2016)

Demand for gold soared in the second quarter as investors sheltered from global turmoil including Brexit, the World Gold Council said on Thursday. Total gold demand stood at 1,050 tonnes in April-June period, an increase of 15 per cent compared with the

Palladium surges to 14-month high; gold shines on weak US data
(Reuters - 11/08/2016)

Palladium jumped more than 7 percent on Wednesday as bets on lower prices were reversed in thin conditions after the metal broke above key chart levels, while gold rose as weak US data weighed on the dollar. Palladium surged overnight in Asia, hitting

Gold at ‘rich level’ to struggle as Fed may hike three times
(Bloomberg - 11/08/2016)

Gold may have met its match after a stellar start to the year as a probable trio of rate hikes from the Federal Reserve through to the end of 2017 means there’s little room for it to rally further from near a two-year high, according to Pictet Wealth

Gold Hits 1-Week Low as U.S. Resilience Boosts Equities, Dollar
(Bloomberg - 09/08/2016)

Gold fell to the lowest in more than a week as signs of U.S. economic resilience boosted world equities and the dollar, reducing demand for precious metals as a haven. The MSCI All-Country World Index touched the highest in almost a year after data

World Gold Council will launch precious metals trading platform
(Metal Bulletin - 09/08/2016)

The London Metal Exchange and the World Gold Council (WGC) will launch a precious metals trading and clearing platform in the first half of next year, working with stakeholders including Goldman Sachs and ICBC Standard Bank. The LMEprecious platform will

Gold steadies as post-payrolls data dip loses steam
(Reuters - 09/08/2016)

Gold steadied after falling to a one-week low on Monday as downward momentum from stronger-than-expected U.S. jobs figures late last week lost steam, with concerns over negative global economic sentiment lending support. The payrolls data on Friday

Gold supported by Chinese buying after Friday’s dip - See more at: htt
(Bullion Desk - 08/08/2016)

The spot gold price was supported by Chinese bargain hunting during Asian trading hours on Monday after the yellow metal fell last Friday on a better-than-expected US jobs report which lifted the US dollar and odds of a US rate hike this year. Spot gold

Fed’s unchanged policy boosts Gold
(AME Info - 03/08/2016)

The Federal Reserve held rates unchanged and refused to move interest rates higher during its July meeting, boosting buying interest in Gold. The precious metal broke out of its holding pattern just after the Fed’s statement on July 28th, rising quickly

Citigate Commodities inks deal with Stellar Diamonds
(Khaleej Times - 03/08/2016)

Citigate Commodities Trading Limited has entered into an agreement with London Stock Exchange listed diamond development company Stellar Diamonds to acquire mines in Guinea and Liberia. The Dubai-based firm said the agreements include a Baoulé kimberlite

Gold posts 2% gain in one week; more increases expected
(Gulfnews - 01/08/2016)

Retail gold prices have posted a one-week gain of 2 per cent or as much as Dh3.25 per gram and are forecast to increase further over the next few days. Some industry analysts are now expecting the bullion to touch $1,400 level, following the recent