Daily - COMMODITIES - Market & Metal News - Charts
posted on
Oct 26, 2009 09:54AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Gold holds above $1,055 per ounce
LONDON - Gold prices rose back above $1,055 (U.S.) an ounce in Europe on Monday as the dollar's slide to 14-month lows against the euro supported sentiment, but weaker physical demand and easing oil prices capped gains.
Spot gold was bid at $1,055.40 an ounce at 0918 GMT, against $1,053.95 late in New York on Friday. U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange eased 50 cents to $1,055.90 an ounce.
++++++++++
Among other precious metals.
Spot Silver was bid at $17.68 an ounce against $17.65.
In a note, Bank of America Merrill Lynch said silver prices had benefited from strong investment demand, and that a recovery in economic activity was likely to be reflected in industrial silver buying.
"After the recent sharp price rises, we are cautious on silver in the near-term, but we believe that a spike towards $20 an ounce is possible in 2010," it said.
Spot platinum was at $1,358.50 an ounce against $1,358.
Palladium was at $334 against $333.
++++++++++
Copper at one-year high on equities, demand unease
* Corporate earnings help boost equities, economic outlook
* Stock levels hint at weak demand, price rise concerns
* Multi-month highs in many industrial metals
LONDON, Oct 23 (Reuters) - Copper climbed to a fresh
one-year high on Friday, as equities marched higher on improving
corporate earnings and analysts warned prices had over run weak
fundamentals.
Copper for three-month delivery on the London Metal
Exchange rose to $6,655 a tonne in rings from $6,585 at the
close on Thursday.
++++++++++
In other metals.
Aluminium rose $19 to $1,985 a tonne in LME
rings after earlier touching a two-month high at $2,000.
Nickel, steel making ingredient was untraded in
official rings, but bid at $19,500 from $19,200.
Lead traded at $2,430 in LME rings from $2,405.
Zinc traded at $2,295 a tonne in LME rings from
$2,250 and volatile tin edged up to $15,100 from $15,000.
Earlier, tin rose to a $15,600, its highest since mid-June.
Zinc touched $2,293.50, it's highest peak since May 2008,
with analysts citing improving physical demand..
++++++++++
Oil to average $74 a barrel in 2010
LONDON - U.S. crude oil was expected to average $74.00 (U.S.) a barrel in 2010, a Reuters poll showed on Monday, as almost one third of analysts surveyed increased their forecasts on the back of a stronger economic outlook.
The poll of 29 analysts showed a higher average oil price forecast for the sixth consecutive month, up from $73.46 in September. In April of this year, the average analyst forecast for 2010 was just $65.95 a barrel.
++++++++++
24 Hour Base Metals | |
++++++++++
Gold & PGM Prices | |||||||||||||||
|