TOP STORIES | Tuesday , 18 Sep 2012
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The
precious metals sector was the best performing sector among the
commodities over the past 10 years, rising by 358%, according to
research by a Lloyds Banking subsidiary. Tuesday , 18 Sep 2012 |
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A
sharp fall in oil prices late Monday sparked a drop in gold, pulling it
further from the peak of $1,777.51/oz it hit last week after the U.S.
Fed announced a third round of monetary stimulus. Tuesday , 18 Sep 2012 |
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So, gold investors, if you haven't put in your orders, consider getting them in quickly, because the bulls are buying. Tuesday , 18 Sep 2012 |
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Ongoing
advances in the usage of silver could boost industrial demand. But,
while pricing looks strong there are warnings of a possible short-seller
price take-down again. Monday , 17 Sep 2012 |
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Yields
on Gold Fields bonds due October 2020 last week jumped to a two-month
high after 15,000 workers at its biggest mine in South Africa embarked
on an illegal strike. Tuesday , 18 Sep 2012 |
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Some
analysts believe the yellow metal will hit $2,000 an ounce over the
next few months on the strength of QE, a declining dollar and lower mine
output. Tuesday , 18 Sep 2012 |
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The
bank says given the new open-ended nature of QE3, the upward pressure
on gold prices should continue and climb as high as $2,400 per ounce by
the end of 2014. Tuesday , 18 Sep 2012 |
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CEO
Nick Holland told Reuters Insider on Tuesday that the group was not
willing to consider strikers' wage demands of a minimum of 12,500 rand a
month for now. Tuesday , 18 Sep 2012 |
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The
chaos that erupted in the months since the military staged a coup
d'etat has left the country's twin economic engines, cotton and gold,
essentially untouched, says national cotton company CMDT. Monday , 17 Sep 2012 |
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