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By Sholom Sanik |
May 2, 2013
Palladium may be rare, but it is not a precious metal. While volatility in gold prices may affect palladium prices in the short term, palladium should not be beholden to the broad precious metals investment climate.
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By Godfrey Marawanyika and Franz Wild, Bloomberg |
April 22, 2013
The government in Zimbabwe, which has the world’s second-biggest platinum deposits, is preparing a law allowing it to seize controlling stakes in companies without compensation, according to a draft of the legislation.
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By Debarati Roy and Nicholas Larkin, Bloomberg |
February 13, 2013
Platinum rose for a second straight day, widening its premium to gold to a 17-month high, on concern supply may fall after Zimbabwe seized land from the country’s top miner of the metal. Gold slid.
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By Godfrey Marawanyika, Bloomberg |
February 12, 2013
Zimbabwe seized some land owned by Zimplats Holdings Ltd., the country’s biggest platinum miner, “with immediate effect,” Mines Minister Obert Mpofu said.
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By Stephen Kirkland and Inyoung Hwang, Bloomberg |
February 4, 2013
Stocks tumbled the most this year and the euro slid while Spanish bond yields surged amid renewed concern about Europe’s debt crisis. U.S. Treasuries rose, while oil fell after the longest stretch of weekly gains since 2004.
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By Debarati Roy and Nicholas Larkin, Bloomberg |
January 15, 2013
Platinum surged to a three-month high, exceeding the price of gold for the first time since April, after the world’s largest producer said it will cut production. Palladium reached a 10-month high and gold rose.
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By Joseph Ciolli and Anchalee Worrachate, Bloomberg |
January 15, 2013
The yen rose the most since May versus the dollar as Japanese Economy Minister Akira Amari said an excessively weak currency may hurt imports and households, damping expectations policy makers will try to push it down further.
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By Phil Flynn |
January 15, 2013
Chicago Fed President Charles Evans and cold weather boosted the petroleum markets. The sector is being led by European gas oil which is driving heating oil higher.
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By Joe Richter, Bloomberg |
January 8, 2013
Demand for palladium, last quarter’s best-performing precious metal, is exceeding supply for a second consecutive year as mine production stagnates while sales by automakers, the biggest buyers, reach record highs.
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By Joseph Ciolli and David Goodman, Bloomberg |
September 13, 2012
The dollar fell to the weakest in seven months versus the yen amid speculation the Federal Reserve will announce bond buying to bolster the economy in a program of quantitative easing that tends to debase the currency.
