Spot gold prices witnessed a drop of around 0.8 percent on Tuesday, on the back of a stronger dollar, which made gold look more expensive for holders of other currencies. The yellow metal touched an intra-day low of $1653/oz and closed at $1662/oz on...

The chairman of the Istanbul Gold Exchange was quoted Wednesday saying he expected Turkey to import around 70 tonnes in 2012, similar to 2011, as higher prices and a weaker lira would weigh upon demand (Reuters), although growing investment demand had helped to offset weaker jewellery demand with around 5kt (3%) of the world’s stock being held in the country.

Metals-Energy Update: Lead top gainer with 5.21%, copper slumps 4.40% Read more : nickel,lead,zinc,lead,copper,narural gas,crude oil,silver,gold Commodities continued their weakness from the last week at the Multi Commodity Exchange (MCX). Investors

While Gold may have to tackle near-term pressures, the rising macro and financial market insecurity continues to provide a gold-supportive backdrop. And Barclays retain their positive view on gold.

Have you been wondering if you should sell your gold? Many people are enjoying the unprecedented rise in its values that have been consistently on the uprise and are wondering how long this will last.

The volume of iron ore derivative contracts cleared using The Steel Index’s iron ore price index hit a new record of over 6.6 million tons in August, an increase of more than 50% on the previous monthly record set in July. The nominal value of these derivatives - including swaps and options - exceeded $1bn in a single month for the first time.

The first week of August saw the world financial markets tumbling like a house of cards, the trigger being the US debt downgrade by credit ratings agency Standard & Poor's. Financial markets continued to demonstrate large volatility with equities, risky assets and commodities (except for gold) tumbling and bonds rallying.

Gold had a sluggish movement yesterday to settle little lower by 0.14% at $1426.70. The same has been observed in the MCX due to two days holidays. Thin volumes were seen which restricted gold’s volatility to end up with a mere gain of 0.11% at

The increased investor interest and rebound in prices for Silver have made it the new favorites in Asian commodity exchanges. In China's Hunan Province, a new precious metals exchange focussed on silver began trading from late June while the Hong Kong Mercantile Exchange has started offering a new silver futures contract from July 22.

India's Steel industry is struggling on account of severe shortage of Iron Ore following the ban on mining in Karnataka following the detection of several illegal mining firms operating in the region, according to Praveen Kumar, Chairman, Maya Iron ores.

Royal Candian Mint's RCMP gold, 'Cougar' silver bullion coins to be available from Sept Read more : royal canadian mint,silver bullion,gold bullion coins,cougar OTTAWA, ONTARIO (Commodity Online): The Royal Canadian Mint has announced that its recently

The Central Asian republic of Kyrgyzstan announced stopping gold ore exports and also decided to increase export duties for gold flotation and gravity concentrates.