-
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.
-
By Joe Richter, Bloomberg |
April 22, 2013
Hedge funds increased bets on gold rallying after prices plunged the most in 33 years, underscoring billionaire John Paulson’s view that bullion will rebound.
-
By Stephen Kirkland and Inyoung Hwang, Bloomberg |
April 17, 2013
Global stocks fell amid losses in industrial metals and disappointing earnings from Bank of America Corp. and others. The euro weakened as Germany’s central bank chief Jens Weidmann reportedly said European policy makers may cut rates if needed.
-
By Inyoung Hwang and Whitney Kisling, Bloomberg |
April 17, 2013
Ten days of pessimism flared into gold’s worst rout since 1980 this week, with selling so strong it knocked the world’s third-biggest exchange-traded fund further below its asset value than any time in a year.
-
By Debarati Roy and Joe Richter, Bloomberg |
April 17, 2013
Investors are dumping gold funds at the fastest pace in two years in favor of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves.
-
By Simon Kennedy and Steve Matthews |
April 16, 2013
The slump in gold may hand activist central bankers more reasons to pursue continued easy monetary policy.
-
By Nicholas Larkin, Bloomberg |
April 16, 2013
The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment.
-
By Stephen Kirkland and Inyoung Hwang, Bloomberg |
April 15, 2013
Commodities fell to a nine-month low, led by the worst plunge in gold since 1980, and global stocks slid the most since June as China’s economic growth unexpectedly slowed and investors speculated hedges against inflation were unneeded.
-
By Tony C. Dreibus, Bloomberg |
April 15, 2013
Hedge funds and other speculators added to bullish gold bets as the metal slumped into a bear market and Goldman Sachs Group Inc. warned the retreat is accelerating after the longest rally in nine decades.
-
By Lu Wang and Tony C. Dreibus, Bloomberg |
April 12, 2013
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials.
