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METALS PRICES FOLLOW GOLD’S WAKE IN MULTIYEAR LOWS

NEGOTIATOR’S TAKE: A great time to be calling your metal parts suppliers and negotiating decreases.   China adding to market malaise Prices of major traded-metals have tumbled to multi-year lows as weak Chinese manufacturing data added to the brew of excess

How low can gold go?

Gold for December delivery slipped 0.1 percent to $1,170.60 an ounce by 7:55 a.m. on the Comex in New York. Prices declined as much as 0.9 percent to $1,161 earlier today, before rebounding. Bullion for immediate delivery retreated 0.2 percent

Gold at 2-week high

Gold rose to a two-week high today after its longest rally since last August in New York. A weak US jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve’s stimulus tapering

Bearish gold 2014 forecast

Gold 2014 target was cut 12 percent to $1,160 an ounce and the prediction for 2015 reduced 13 percent to $1,138, in a report Morgan Stanley published today. Gold remains under pressure as the global recovery gains traction, increasing the risk

Indonesia slaps ban on mineral ore exports

“The President has signed a decree stipulating that beginning January 12, all raw mineral or ores are banned from being exported,” Hatta Rajasa, the coordinating economic minister, said after a limited cabinet meeting led by President Susilo Bambang Yudhoyono at

Gold in the $1,200 range as Fed tapers

Spot gold was down 1.2 percent at $1,202.10 an ounce at 10:00 GMT, having earlier touched a low of $1,200.25. U.S. gold futures for February delivery were down $32.90 an ounce at $1,202.10. The Fed said on Wednesday that the

Is gold rout over?

During the first seven months of this year gold outflows totaled some 670 tonnes with more than 400 tonnes recorded in the second quarter following the spectacular collapse in the price of gold. In April, gold biggest sell-off in 30

Silver is following gold downward

Gold and silver futures got off to another rocky start to begin the trading week. Silver fell as low as $20.84 a troy ounce, the lowest since September 2010, later rebounding to close 3 per cent higher at $22.91 in

Investors are losing interest in gold

Gold futures for June delivery dropped 0.3 percent to $1,432.60 an ounce at 10:46 a.m. on the Comex in New York. The price headed for the third straight decline, the longest slump since April 4. Through May 10, the metal

Base metals caught up in the turmoil

Industrial metals prices trading on the London Metal Exchange were shaken this week by an unexpected slowdown in Chinese growth, followed by gloomy indicators in the United States, which cast doubt on global growth strength. Like oil and gold, base