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PRECIOUS-Gold heads for biggest weekly gain since late 2011
ReutersSINGAPORE, April 26 (Reuters) - Gold rose to its highest in more than a week on Friday, heading for its biggest weekly gain since October 2011, after a surge in physical demand in Asia helped pluck the metal from a 2-year trough. FUNDAMENTALS * Spot gold...Tags: Japan, Money and Monetary Policy, Economic Indicator, Metal, International Monetary Fund
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Marysville gold mine to cease operations
Independent Record, Helena, Mont.The historic Drumlummon Gold Mine near Marysville will close down the majority of its mining operations by the end of June due to plummeting gold prices. In a letter given to employees on Wednesday, Bob Taylor, the chief operating officer, wrote that at...Tags: The New York Times, Companies and Corporations, Metal and Mineral, Corporate Officers, Economy, Business and Finance
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Agnico-Eagle profit drops on lower gold prices, higher costs
ReutersTORONTO, April 25 (Reuters) - Agnico-Eagle Mines Ltd reported a drop in quarterly profit on Thursday, hurt by lower gold prices and production, as well as a rise in cash costs. Net earnings fell to $23.9 million, or 14 cents a share, in the first quarter...Tags: Metal and Mineral, Agnico-Eagle Mines Limited
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COMMODITIES-CRB jumps most in 5 months on weak dollar, Syria scare
Reuters* CRB index up 1.5 pct, largest daily rise since Nov 19 * Syria chemical weapons scare boosts oil, weak dollar rest * Damage to crops from weather and US stocks rally also help By Barani Krishnan NEW YORK, April 25 (Reuters) - Oil and gold prices...Tags: Arable Farming, Environmental Issues, Metal, Thomson Corporation, Petroleum Industry
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CANADA STOCKS-TSX set to open higher on stronger earnings, data
ReutersApril 25 (Reuters) - Canada's main stock index looked set to open higher on Wednesday, helped by encouraging U.S. economic data and stronger-than-expected earnings from some companies including Potash Corp Saskatchewan Inc. TOP STORIES * Potash Corp...Tags: Multiple Sclerosis, Verizon Wireless, Barrick Gold Corporation, Petroleum Industry, Metal and Mineral
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PRECIOUS-Gold edges down, falling ETFs sap interest
ReutersSINGAPORE, April 25 (Reuters) - Gold inched lower on Thursday, hovering below a 1-week high hit earlier this week, as firm equities sapped interest in the precious metal, which has seen steady outflows on exchange-traded funds. Gold shrugged off news the...Tags: Economic Indicator, Casino and Gambling Industry, Metal, Barrick Gold Corporation, Petroleum Industry
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Stuller Inc. shutting its Bonny Oaks Drive plant
Chattanooga Times Free Press, Tenn.A company that makes gold and platinum wedding bands is shutting its Chattanooga plant and laying off about 40 workers as couples turn to cheaper metals as expressions of their love. Stuller Inc. is closing its Bonny Oaks Drive facility at the end of...Tags: Metal, Plant Openings, Companies and Corporations, Property, Metal and Mineral
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Paulson says he's staying the course on gold
ReutersBy Svea Herbst-Bayliss BOSTON, April 24 (Reuters) - Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal. The New York-based hedge...Tags: Mutual Funds, Metal and Mineral
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Miners say security "tax" excluded in Mexico royalty calculus
ReutersBy Gabriel Stargardter MEXICO CITY, April 24 (Reuters) - Mining companies in Mexico, worried by falling metals prices, are tense about a government plan to slap a 5 percent royalty on their pre-tax profits, arguing they already pay a covert "security"...Tags: U.S. Congress, Metal, Companies and Corporations, New Gold Incorporated, Mexico
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COMMODITIES-Oil up on supply report; dollar lifts gold, copper
Reuters* U.S. data shows slump in motor fuel inventories * U.S. crude rises more than 2 pct, gasoline more than 1 pct * Copper up more than 2 percent, session peak above $7,000 * Gold rises on as dollar falls against euro * Corn rebounds from 2-week low, sugar...Tags: Environmental Issues, Government, Gasoline Industry, Thomson Corporation, Petroleum Industry
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CANADA FX DEBT-C$ strengthens as commodities, equities rise
Reuters* C$ at $1.0256 vs US$, or 97.50 U.S. cents * Oil and gold prices rise; equity markets rally * U.S. durable goods record biggest drop in 7 months * Investors await announcement of next Bank of Canada chief By Solarina Ho TORONTO, April 24 (Reuters) - The...Tags: European Central Bank, Toronto (Canada), Toronto Stock Exchange, Central Bank, Petroleum Industry
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CANADA STOCKS-TSX may open higher on earnings, ECB rate cut hopes
ReutersApril 24 (Reuters) - Canadian stock index futures pointed to a higher open, supported by some stronger-than-expected North American corporate earnings and data from Germany that boosted hopes of a European Central Bank rate cut. TOP STORIES * Apple Inc...Tags: Casino and Gambling Industry, Barrick Gold Corporation, Central Bank, Petroleum Industry, BlackBerry
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