PRECIOUS-Gold inches up as Fed officials downplay stimulus wind-down
SINGAPORE, June 25 (Reuters) - Gold edged higher on Tuesday as the dollar weakened after two top Federal Reserve officials downplayed an imminent end to monetary stimulus. Bullion is still down more...
View ArticleUPDATE 1-Freeport ramping up output at Indonesia mine
* Open-pit production ramping up since Saturday, says Freeport * Union urges all workers to return to the Grasberg complex * Pay talks between Freeport and union resumed By Michael Taylor and Yayat...
View ArticleGold falls on stronger dollar, Fed outlook
Related articles Gold falls further, extending last week’s 7% decline LONDON — Gold fell 1% on Monday, extending last week’s 7% decline, hurt by a stronger dollar amid concern over an early end to the...
View ArticleMETALS-Copper hits three-year low on dollar, China credit crunch
* Copper hits lowest level since July 2010 * China credit squeeze, slower economy may hurt demand * Freeport resumes some output at world's No.2 copper mine By Susan Thomas and Manolo Serapio Jr...
View ArticleGold Inches Up as Fed Officials Downplay Stimulus Wind-Down
Gold edged higher on Tuesday as the dollar weakened after two top Federal Reserve officials downplayed an imminent end to monetary stimulus. Bullion is still down more than 7 percent since the start...
View ArticlePRECIOUS-Gold falls over 1 pct on stronger dollar, Fed outlook
* SPDR holdings touch new 4-year lows * Slow physical demand in India, China * Dollar hits two-and-a-half week high (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, June...
View ArticleGold falls further, extending last week’s 7% decline
SINGAPORE — Gold fell over 1% on Monday, extending last week’s 7% decline, hurt by a stronger dollar amid worries over an early end to the US Federal Reserve’s stimulus programme. Gold for immediate...
View ArticlePRECIOUS-Gold falls on stronger dollar, physical demand muted
* Gold extends last week's 7 pct decline * SPDR holdings touch new 4-year lows * Slow physical demand in India, China * Dollar hits fresh 2-week high (Adds comment, updates prices) SINGAPORE, June 24...
View ArticlePRECIOUS-Gold inches up after biggest weekly fall in two years
SINGAPORE, June 24 (Reuters) - Gold edged higher on Monday after a tumultuous week that saw prices drop the most in nearly two years on fears of an early end to the Federal Reserve's bond purchases...
View ArticleGold Inches Up After Biggest Weekly Fall in Two Years
Gold edged higher on Monday after a tumultuous week that saw prices drop the most in nearly two years on fears of an early end to the Federal Reserve's bond purchases and a cash crunch in China. Spot...
View ArticleFreeport Resumes Open-Pit Copper Production At Grasberg Mine In Indonesia
Freeport McMoRan Copper (FCX) was informed by the Indonesian government over the weekend that it could resume production at the Grasberg mine in Indonesia. Accordingly, the company has resumed...
View ArticlePRECIOUS-Gold holds near one-week high, China data awaited
SINGAPORE, July 10 (Reuters) - Gold was little changed on Wednesday not far from a one-week high hit in the previous session, with investors awaiting trade data from China to get more evidence of the...
View ArticleGold Holds Near One-Week High, China Data Awaited
Gold was little changed on Wednesday not far from a one-week high hit in the previous session, with investors awaiting trade data from China to get more evidence of the economic strength of the...
View ArticleGold Eases on Fall in ETF Holdings, Stimulus Fears
Gold slipped a touch on Tuesday, pressured by a sharp fall in holdings in bullion-backed exchange traded funds and persistent fears over the end of easy central bank money. Spot gold was down $1 at...
View ArticlePRECIOUS-Gold inches up after volatile week; data eyed
SINGAPORE, July 1 (Reuters) - Gold edged slightly higher on Monday after posting its biggest quarterly loss on record, as investors await key economic data this week for clues on when the Federal...
View ArticleGold Inches Up After Volatile Week; Data Eyed
Gold edged slightly higher on Monday after posting its biggest quarterly loss on record, as investors await key economic data this week for clues on when the Federal Reserve could taper its economic...
View ArticleWorld stocks rise after China cuts rates; gold tumbles
Tweet NEW YORK: Global stocks and the euro rose on T hursday after China unexpectedly cut interest rates to shore up growth, but optimism was tempered by Federal Reserve Chairman Ben Bernanke, who...
View ArticleFreeport-McMoRan Copper & Gold Inc. Updates Status of PT-FI Operations
PHOENIX, Ariz. - Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported the following update on the status of operations at PT Freeport Indonesia’s Grasberg mining complex. PT-FI continues to...
View ArticleGold Down On Eurozone Uncertainty
Gold followed the equities lower on Friday, as discord among the G20 leaders on boosting the IMF's firepower to fight the Eurozone debt crisis led to investor apprehension. Gold closed down, $9 at...
View ArticleGold up as data boosts Fed stimulus hope after drop
NEW YORK: Gold rose 1 percent on Thursday as weaker US economic data boosted hopes that the Federal Reserve will maintain its monetary stimulus, allaying fears that the US central bank may stop buying...
View ArticleFreeport Indonesia union to sign deal, end strike
JAKARTA - Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal soon, ending a three-month strike that has crippled production at the world's second...
View ArticleDovish Fed And Strong China Demand Spur Biggest Gold Gain In 2 Years
Precious Metals Weekly Market Wrap A reversal of the recent strong dollar trend, due in large part to perceptions of a more dovish Federal Reserve, contributed to the biggest weekly advance for...
View ArticlePRECIOUS-Gold edges up, after hitting 1-week low on Cyprus deal
* Gold hit 1-week low on Cyprus bailout deal * Hedge funds, money managers raise bullish bets in gold * Coming Up: Fed Chairman Bernanke speaks; 1715 GMT (Updates prices, adds quotes) By Lewa...
View ArticleUS Jobs, Auto Sales Bolster Copper, But Risks Remain
With more signs of upward momentum in the US economy and a steady rise in Chinese manufacturing, demand for copper worldwide is rising. A rise in car sales is also lifting spirits, as February auto...
View ArticlePRECIOUS-Gold inches up after two-day fall, Fed eyed
SINGAPORE, June 19 (Reuters) - Gold edged up on Wednesday after a two-day drop, but investors remained cautious as they looked to the end of a Federal Reserve policy meeting for clues on the outlook...
View ArticleUPDATE 2-Freeport profit drops; see higher 2013 gold production
* 3rd-qtr adj profit 68 cents/shr vs Street view 73 cts * Revenue $4.4 bln vs year-earlier $5.2 bln * Output slumps at Grasberg mine in Indonesia * Shares down 1.9 pct in early trading By Steve James...
View ArticleCOMMODITIES-Oil mixed, gold up as Fed scrutiny continues
* Investors await clearer signals on economy * Corn, soybeans rise on tighter supplies * Arabica coffee near 3-year low, raw sugar down By Barani Krishnan NEW YORK, June 5 (Reuters) - Oil prices were...
View ArticlePRECIOUS-Gold inches down as ECB meeting approaches
* Gold ETF holdings hit record high * Spot gold aborts target at $1,711/oz -technicals * Coming Up: Euro zone Markit services PMI; 0758 GMT (Adds details, comments; updates prices) By Rujun Shen...
View ArticleGold Tumbles Again, Could See Worst Week in 30 Years
Gold fell to a three-year low on Friday and was in danger of recording its biggest weekly drop in 30 years after the U.S. Federal Reserve said it would wind down its bullion-friendly stimulus later...
View ArticleFreeport Says Grasberg's Open-Pit Mine at Two-Thirds Capacity Amid Strike
Freeport-McMoRan Copper & Gold Inc. (FCX), the world’s largest publicly traded copper miner, said it’s operating the open pit at the Grasberg mine in Indonesia at about two-thirds of capacity...
View ArticlePRECIOUS-Gold slips to 1-week low on Cyprus deal
* SPDR holdings fall to lowest since July 2011 * Hedge funds, money managers raise bullish bets in gold * Coming Up: Fed Chairman Bernanke speaks; 1715 GMT (Updates throughout, changes dateline from...
View ArticleCopper Trade Most Bullish Since March as China Cuts: Commodities
Copper traders are the most bullish in three months as China, the biggest buyer, reduced interest rates to bolster growth, increasing expectations that prices will rebound from the longest slump in...
View ArticlePRECIOUS-Gold firms as Fed officials play down stimulus halt
SINGAPORE, May 22 (Reuters) - Gold edged higher on Wednesday, buoyed by a weaker dollar after Federal Reserve officials dampened expectations that the U.S. central bank may soon exit its...
View ArticleCopper's Peak Demand Season Approaching
Copper prices were steady in London and Shanghai on Tuesday. The price was supported by a drop in the greenback, but pulled down by an underlying negative tone over concerns regarding the timing of...
View ArticleFreeport-McMoRan cuts 1Q production guidance
PHOENIX - Freeport-McMoRan Copper & Gold Inc. on Thursday lowered its first-quarter production estimates after violence among workers halted operations at its Indonesian mine for more than two...
View ArticlePRECIOUS-Gold holds near 1-1/2-week high as Bernanke backs stimulus
SINGAPORE, Feb 27 (Reuters) - Gold traded flat on Wednesday, perching near a 1-1/2-week high hit in the previous session as Federal Reserve Chairman Ben Bernanke defended the bank's monetary policy,...
View ArticleFreeport-McMoRan's Force Majeure At Grasberg Mine Raises Supply Concerns
Freeport-McMoRan Copper (FCX) has invoked the force majeure clause for shipments from its Grasberg mine in Indonesia where operations have been shut down pending government investigation into the...
View ArticleGold holds steady ahead of Ben Bernanke's speech
SINGAPORE: Spot gold was steady on Friday, but was likely to register its first weekly drop after seven straight weeks of gains as investors awaited a speech by US Federal Reserve Chairman Ben...
View ArticleGLOBAL MARKETS-Stocks rise after China cuts rates; gold tumbles
* China cuts rates 25 basis points in surprise move * Fed offers few hints of stimulus, supporting dollar * Spanish bond yields fall after strong debt sale By Wanfeng Zhou NEW YORK, June 7 (Reuters) -...
View ArticleCOMMODITIES-Oil down on high gasoline stocks, gold slips on Fed
* Brent crude slips below $103 as gasoline inventories surge * Gold falls as Bernanke cautions about low US rates * Copper hits 6-week high after no word on Grasberg restart By Barani Krishnan NEW...
View ArticleMETALS-Copper hits two-week high on dollar, Grasberg mine outage
* Freeport death toll rises, mine remains shut * Supply constraints stabilise copper prices * Coming up: Fed's Bernanke testifies to Congress at 1400 GMT By Susan Thomas LONDON, May 22 (Reuters) -...
View ArticlePRECIOUS-Gold slips on stimulus concerns
SINGAPORE, June 13 (Reuters) - Gold fell on Thursday after volatile trading in the previous session on persistent concerns about central banks' support for their economies. FUNDAMENTALS * Spot gold...
View ArticleGold Climbs Towards Record Price
Gold was on track to touch record highs on Friday as anxiety over debt concerns in both the US and the Eurozone boosted the metals safe haven appeal. Gold futures for August delivery rose $17.20, or...
View ArticlePRECIOUS-Gold inches up on weak jobs data, stimulus hopes
* Gold up for second session on stimulus hopes * Data shows U.S. employers slowed pace of hiring * Asian shares soft, dollar up slightly (Adds comments, updates prices) By A. Ananthalakshmi SINGAPORE,...
View ArticlePRECIOUS-Gold rises to 1-month high on weaker U.S. dollar
SINGAPORE, July 22 (Reuters) - Gold jumped more than 1 percent to its highest level in a month on Monday as the U.S. dollar slipped against other currencies, with gains in Japanese bullion futures...
View ArticleGold rises to 1-month high on weaker US dollar
Gold jumped more than 1 percent to its highest level in a month on Monday as the U.S. dollar slipped against other currencies, with gains in Japanese bullion futures adding extra support. Gold hit a...
View ArticlePRECIOUS-Gold eases after four days of gains as dollar firms
SINGAPORE, July 24 (Reuters) - Gold slipped on Wednesday after hitting a fresh one-month high the session before as the dollar climbed off lows and investors took profits after four days of gains....
View ArticleFreeport ramping up output at Indonesia mine
Freeport McMoRan Copper and Gold is ramping up production at its Indonesian unit, a company spokeswoman said, six weeks after a deadly tunnel collapse at the world’s No. 2 copper mine halted...
View ArticleGold eases after four days of gains as dollar firms
Gold slipped on Wednesday after hitting a fresh one-month high the session before as the dollar climbed off lows and investors took profits after four days of gains. Spot gold had dropped 0.3 percent...
View ArticleFreeport to Cut Spending as It Begins Asset-Sales Process
Freeport-McMoRan Copper & Gold Inc. (FCX) is cutting spending by $1.9 billion this year and next and started a process to sell U.S. energy assets as the world’s biggest publicly traded copper miner...
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