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By Debarati Roy and Maria Kolesnikova, Bloomberg |
May 23, 2013
Gold rose for the first time in three days on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global equities and increased demand for bullion as a protection of wealth.
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By Phil Flynn |
May 23, 2013
Fed Chairman Ben Bernanke does his best impression of a one-handed economist. But while the market focuses of the possibility of softening demand because of the Fed and China there was one area where demand actually improved...
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By Nicholas Larkin, Bloomberg |
May 17, 2013
Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low.
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By Sholom Sanik |
May 15, 2013
Copper prices fell to a two-year low earlier this month. The other London-traded base metals followed a similar pattern. In what we view as merely extremely oversold conditions, copper staged a mighty 10% rally.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the largest economy. Industrial metals retreated on concern about China’s growth.
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By Alasdair Macleod |
May 10, 2013
Attention is now firmly focused on Chinese and Indian demand for gold, which between them is absorbing all non-Asian mine supply. Chinese net purchases of gold totaled 320.54 tonnes in the first quarter 2013.
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By Bloomberg News |
May 9, 2013
China’s overnight money-market rate rose for a second day on speculation the central bank will curb the cash supply.
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By Debarati Roy and Whitney McFerron, Bloomberg |
May 8, 2013
Gold futures posted the biggest gain in almost two weeks as demand for bars and jewelry increased in India and China, the world’s largest consumers of the metal.
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By Sholom Sanik |
May 8, 2013
It’s quite possible that global cotton usage is in perpetual decline. The global recession certainly affected cotton demand, as it did for most every commodity, but cotton lost market share to synthetic fibers as well.
