Copper extended its losses in futures trade today, declining by 0.56% to Rs 417.85 per kg amid a weak trend on the London Metal Exchange and subdued domestic demand.
Russian gold producers Union 29 released figures show that the first seven months this year, Russia’s total gold production of about 103.852 tons, up about 5.9%.
Copper supplies are getting tighter on higher Chinese imports and copper mine strikes around the world. Decreased availability of high quality ore is also expected to support copper prices. ?Copper is getting tighter and tighter due to supply problems.
Gold prices have stalled in recent days as investors have turned away from safe-havens and towards risk assets hoping the U.S. Federal Reserve will announce further monetary easing when it meets on September 20th.
There is no need to advocate investment in Gold amongst most Indian consumers. The meteoric ascent in Gold Prices, however, is beginning to test many investors, writes MineWeb’s Shivom Seth in Mumbai. Many have shunned Buying Gold in the physical form
The capital city will cap its annual coal consumption at 20 million tons by 2015, as part of its plan to release less carbon and further reduce air pollution, the municipal commission of development and reform said on Monday.
Rusoro Mining, the Russian backed miner with gold assets in Venezuela, on Tuesday posted a $9.8-million net loss for the quarter ended June, having made a $3.3-million profit for the same period last year.
Russia’s gold reserve on Aug. 1 stood at 27 million troy ounces, or 839.7 metric tons, worth $43.64 billion, the Central Bank of Russia reported Monday.
Climbing gold prices have lead to more than a 50 per cent boost in gold bullion sales. Gold retailers are reporting a steady increase in sales of gold bullion as investors look to take advantage of the climbing gold prices.
Even while gold, silver, and platinum steal most of the headlines, there are stealth bull markets advancing in other precious metals. Take palladium for instance. Indeed, while platinum may have the prestige, palladium has the profits.
DRC gold mine on track for Q4 production – Banro New York- and Toronto-listed Banro on Monday said its Twangiza gold project is on track to become the first new commercial gold mine in the Democratic Republic of Congo (DRC) in more than 50 years, with
Almost all major London-based bullion-dealing banks have started charging more for storing Gold in view of the increased demand and shortage of vault space, according to Financial Times.
