LONDON (Reuters) – Gold bounced on Friday as bargain hunters entered the fray, but silver slid to a two-month low on selling sparked by higher margin requirements and expectations of a stronger dollar.
Spot gold was bid at $1,481.39 a troy ounce at 1136 GMT from $1,471.70 late in New York on Thursday when it saw $1,462.40 an ounce, its lowest since April 14. It is down about $100 since a record high of $1,575.79 hit on May 2.
LONDON (Reuters) – Silver and gold tumbled on Tuesday as investors sold on uncertainty about the direction of monetary policy in the United States, but a softer dollar helped support prices and sentiment.
Spot silver ceded nearly 5 percent to $44.61 an ounce after touching $49.31 an ounce late in New York on Monday, within reach of $49.48 hit in January 1980
LONDON (Reuters) – Luvata expects higher sales of copper products used in renewable energy in coming months and years as governments around the world look away from nuclear power, a company executive told Reuters.
Japan’s earthquake and tsunami, which has crippled some of the country’s nuclear power plants, has thrown the spotlight on renewable energy as an alternative, said Jussi Helavirta, head of Luvata’s special products division said this week.
LONDON, April 13 (Reuters) – Narrowing market price ranges
suggest now may be a good time for consumers and producers to
take advantage of the cheaper cost of hedging their exposure to
copper and aluminium, analysts said.
Hedging or insuring using options — contracts which give
holders the right to buy or sell the three-month metal contract
on the London Metal Exchange at a fixed price in the future –
now costs less because volatility has tumbled, for now at least.
LONDON (Reuters) – Gold rose on Wednesday as investors bought the precious metal on fears that a key vote in Portugal could topple the country’s government and on soaring tensions in the Middle East.
Spot gold was bid at $1,430.10 a troy ounce at 1012 GMT from $1,429.50 late in New York on Tuesday. The precious metal hit a record high of $1,444.40 an ounce on March 7.
NEW YORK/LONDON (Reuters) – A jump in Japanese shares buoyed global equities on Tuesday while the U.S. dollar tumbled to 15-month lows against the index of major currencies and was expected to weaken further.
The benchmark Nikkei average jumped 4.4 percent as traders in Tokyo returned from a national holiday to recoup some of last week’s losses of more than 10 percent.
LONDON (Reuters) – World stocks put in solid gains on Tuesday as concerns eased about the impact of Japan’s triple disaster on world growth prospects and traders in Tokyo returned from a national holiday to recoup some of last week’s losses.
Buyers expecting the economy will also ride out continuing unrest in the Middle East emerged to tap cheap valuations, while the euro rose to its highest in four and a half months against the dollar.
LONDON, March 22 (Reuters) – World stocks put in solid gains
on Tuesday as concerns eased about the impact of Japan’s triple
disaster on world growth prospects and traders in Tokyo returned
from a national holiday to recoup some of last week’s losses.
Buyers expecting the economy will also ride out continuing
unrest in the Middle East emerged to tap cheap valuations, while
the euro rose to its highest in four and a half months against
LONDON (Reuters) – Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to cover losses in other markets limited gains.
Platinum and palladium fell as the market fretted about a loss of demand due to car plant closures in Japan after the earthquake. Platinum and palladium tumbled to 3-1/2 month lows of $1,654 and $684.50 an ounce respectively.
LONDON, March 14 (Reuters) – Spot uranium prices are
expected to slide as speculators cash out and confidence in
nuclear power is shaken in the wake of an earthquake in Japan
that has left it struggling to avert a nuclear meltdown.
The longer-term outlook for uranium may be less negative,
however, since many countries such as China are expected to
press ahead with nuclear energy as a carbon-free alternative to
meet commitments about global warming.