Posts by CommodityOnline:

Precious metals under pressure on strong dollar index

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...
CommodityOnline | October 12, 2011 | 6:59 pm

Turkey may import around 70 tonnes of gold in 2012

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.
CommodityOnline | October 6, 2011 | 9:11 pm

Are you going to sell your gold now

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.
CommodityOnline | September 7, 2011 | 11:57 am

TSI trading of iron ore derivatives surges past $1bn in Aug

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.
CommodityOnline | September 5, 2011 | 1:38 pm

Why gold may reach $2000 and silver $45

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.
CommodityOnline | September 3, 2011 | 2:11 pm

Gold ends lower on global cues

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
CommodityOnline | September 2, 2011 | 11:00 am

Silver becomes hot favourite in Asian exchanges

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.
CommodityOnline | September 1, 2011 | 10:28 am

India steel industry struggling on shortage of iron ore

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.
CommodityOnline | August 30, 2011 | 11:48 am