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Among all African countries, Zambia is especially rich in natural resources and rare minerals. The country's so-called copper belt has very lucrative copper, zinc and cobalt mines that also produce silver as a by-product. In the latter years of the current commodities boom the Zambian government has significantly raised its revenues owing ...
Gold and silver prices as well as equities and industrial commodities had another strong day yesterday, as traders dashed back into “risk” positions. In America the Dow Jones Industrial Average hit an intraday high of 13,004.97 – its highest level since May 2008. Comex March gold futures settled at $1,757.20/oz, for a ...
Precious metals continue to trade in tandem with stocks and commodities – and inverse to the US dollar. Yesterday saw the gold price again post another finish above resistance at $1,650, while silver futures again finished the Comex pit session above $30.50. Platinum and palladium also recorded gains, as did copper and crude oil. ...
A disconnect between developments in global financial markets and the real economy has occurred, according to David Brown – CEO of mining giant Impala Platinum. In a speech at the company's annual general meeting yesterday, Brown stated that he thought platinum’s current spot price of around $1,593 per troy ounce represented ...
Markets once again enjoyed another up day yesterday, as traders digested better-than-expected US corporate earnings and Chinese manufacturing data. On Wall Street, the Nasdaq moved into positive territory for the year with a 2.3% intraday gain, with the S&P 500 moving up by 1.3%. The S&P 500 – the broadest blue-chip measure ...
Silver and copper prices were once again under sales pressure in yesterday's trading session, with the euro crisis still dragging on market sentiment. Although silver is a precious metal, it is – like palladium and platinum – also an industrial metal, and thus partially tied to the cycles of the world economy. Observers fear ...
After the gold price stabilised at the technically-important level of $1,610 per troy ounce at the beginning of the week, the yellow metal was set for a one-day rally, lifting its price to $1,675 per troy ounce on Tuesday. This technical hurdle could not be taken by the bulls, since there was a lack of follow-through buying. The result ...
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Gold:Gold Buy Rates |
$44.1554/gg $1,373.40/oz |
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Silver:Silver Buy Rates |
$0.7150/gg $22.24/oz |
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Platinum:Platinum Buy Rates |
$46.9562/pg $1,460.50/oz |
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Palladium:Palladium Buy Rates |
$23.7112/pd $737.50/oz |
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