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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

Commodities slide to 5-year low

Raw materials slumped 7.1 percent this year, headed for a fourth annual decline and the longest slump since at least 1991, amid concern that economic growth is weakening as global equity markets lost $1.5 trillion last week. Data yesterday showed

Supply fear drives palladium to 13-year high

Palladium for immediate delivery added as much as 0.4 percent to $908.83 an ounce, and traded at $906 by 11:30 a.m. in Singapore, advancing for a fourth day, Bloomberg generic pricing show. The metal climbed to $909.35 on Aug. 29,

Platinum: South Africa strike “officially over”

About 70,000 AMCU members downed tools in January at platinum mines run by Amplats, Implats and Lonmin to demand that their basic wages be more than doubled to 12,500 rand ($1,200) a month. Marred at times by violence, the strike

Palladium jumps on supply fears

Palladium touched 785 dollars per ounce last Thursday in London, the highest level for an most-active contract since March 8, 2013. Investors are concerned about the consequences of tensions between Russia and Ukraine on the supply of the precious metal,

Platinum price still stable

Despite a recovery on the demand side and a major strike in South Africa, mining companies inventory is  preventing prices to rise. Platinum futures for April delivery gained 0.9 percent to $1,441.40 an ounce which is a 5% increase since January 1st.

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

Commodities 2014 outlook

Contrary to initial apprehensions of a market backlash to anticipated Chinese slowdown, the metals demand growth in the Asian giant has actually surprised to the upside. This has been helped by strong raw material availability. What’s more, absolute demand growth

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