DMCC trader launches web-based bullion trading

Gold.ae service primarily provides spot trading of gold and silver bullion ranging from 1 ounce to 1 kg. (REUTERS) Gold Arab Emirate DMCC (Gold.ae) has launched the Middle East’s first physical trading platform for gold and silver, bringing e-commerc...

Alrroya | November 20, 2011 | 4:36 pm

Iron ore emerging as Asia’s industrial demand gauge

Iron ore could soon become a leading economic indicator in emerging markets such as China, since the absence of speculative froth makes the sandy steelmaking raw material a better gauge of demand than industrial metals like copper.

Alrroya | August 31, 2011 | 10:37 am

Tin set to re-test record highs on China demand

Tin has underperformed other base metals, with a peak and trough of more than 35 per cent this year. Tin is likely to return to the record high it hit in April later this year, after being the laggard in the London Metal Exchange.

Alrroya | August 23, 2011 | 12:51 pm

Copper steady as Japan data, soft dollar support

Copper was steady on Monday, supported by glimmers of economic resilience in Japan, a drawdown in inventories of the metal, and a softer dollar, but investors were wary after wild market swings last week.

Alrroya | August 15, 2011 | 12:01 pm

UAE’s first gold bullion coin proposed as a legal tender

UAE's gold bullion coin features HH Sheikh Khalifa's portrait on one side and Burj Khalifa on the other. (SUPPLIED) The Dubai Multi Commodities Centre Authority (DMCC), the Government of Dubai entity dedicated to enhancing commodity trade flows through

Alrroya | August 15, 2011 | 10:29 am

Iran says remains Opec second-largest producer

Iran's Opec governor Mohammad Ali Khatibi says country is the second-largest oil producer in Opec (File Photo) Iran retains its position as the second-largest producer in Opec despite the group's report that Nigeria has now obtained the rank, one of the

Alrroya | July 23, 2011 | 1:06 pm

Copper gains on dollar, China demand hopes

Copper hit its highest since mid-April on Tuesday as a weaker dollar and hopes Chinese demand will remain firm helped offset investor anxiety over US and European sovereign debt concerns. Three-month copper on the London Metal Exchange (LME) traded at $9,800.25 a tonne by 0825 GMT compared with Monday's close of $9,694 a tonne.

Alrroya | July 19, 2011 | 8:52 am