Aluminium
Philippine paramilitaries attack Xstrata mine
by Gill Montia
The Communist Party of the Philippines (CPP) has confirmed that the recent attack on Sagittarius Mines’ Tampakan copper/gold project located on Mindanao, was made by in the New People’s Army, the party’s paramilitary wing.
Sagittarius is a subsidiary of Xstrata and the raid focused on the destruction of buildings at the site.
The CPP’s website currently contains [...]
Gold up on day; adds $32 on week
by Elaine Frei
Gold prices were up for the fourth day in a row in New York on Friday.
February gold added $4.10 to $897.70 per troy ounce after going as high as $900.10 per troy ounce during the morning session.
The metal, which was up on a weaker dollar and the chances that the US Federal Reserve will cut [...]
Rare earth coins pushed as investments
by Brian Turner
As prices for precious metals continue to climb on the metals commodity markets, American Elements has released AE Bullion™ - a series of precious and rare earth metal coins aimed at ETFs, hedge funds, and private investors.
AE Bullion™ comprises high purity coins and bars from approximately sixty advanced, rare and less common metals, including rhodium, [...]
Another jump for gold prices
by Elaine Frei
The price of gold hit another record high in New York on Thursday as it soared to $897.30 per troy ounce, before falling back to $893.60 per troy ounce just after the close of floor trade on the Comex division of the New York Mercantile Exchange, still a gain of $11.90 over Wednesday’s close.
The new [...]
Gold prices remain in record territory
by Elaine Frei
Gold prices were a bit higher in New York on Wednesday, remaining in record territory after significant gains on Tuesday.
February gold added $1.60 by near the close of floor trade on the Comex division of the New York Mercantile Exchange to $881.90 per troy ounce.
Analysts believe gold will go even higher if the Federal Reserve [...]
Gold hits new record high price
by Elaine Frei
The price of gold reached new all-time and closing records in New York on Tuesday.
February gold on the Comex division of the New York Mercantile Exchange was trading at $880.30 per troy ounce at the close of floor trade after going as high as $884 per troy ounce earlier in the session.
Both are higher than [...]
Copper prices down on economic, demand worries
by Elaine Frei
Copper prices dropped again in New York on Monday.
The decline came on economic worries brought on by last week’s reports that manufacturing activity in the US contracted in December and on data showing that fewer jobs than expected were created in the last month of 2007 and that the unemployment rate rose to 5 percent.
Those [...]
Metals prices decline on profit-taking, data
by Elaine Frei
Gold prices were lower in New York on Friday as investors took profits after the recent rally, as well as on worries created by new employment data and new declines in the US dollar.
February contracts for gold on the Comex division of the New York Mercantile Exchange dropped $3.40 to $865.70 per troy ounce, while [...]
Gold closes at $869.10, highest finish ever
by Elaine Frei
Gold came close to an all-time high price and closed at its highest ever in New York on Thursday.
Early in the session, February gold traded at $872.90 per troy ounce, just shy of its all-time high of $873 per troy ounce, set in January 1980.
It ended the floor session on the Comex division of the [...]
Base metals gain on US factory orders data
by Elaine Frei
Base metals prices were higher on Thursday, following gold and oil prices that traded at or near record highs during the day.
The metals, used in industrial applications, were helped by data showing that US factory orders were up more than expected in November.
March copper added 12 cents to $3.19 per pound in New York while [...]
Base metals prices up despite US manufacturing data
by Elaine Frei
Base metals prices rose Wednesday as trading resumed after the New Year’s Day holiday despite sentiment that was depressed after a report from the Institute for Supply Management in the United States showed that manufacturing activity there contracted rather than expanding in December.
The drop in US manufacturing activity called into question demand for the use [...]
Precious metals gain on lower dollar, higher oil prices
by Elaine Frei
Gold prices were significantly higher in New York on Wednesday after the dollar dropped versus the euro once again and oil hit the $100 per barrel level for the first time in history.
February gold rose as high as $864.50 per troy ounce, its highest since January 1980, and ended the session up $22.50 over its [...]