China Business News

US Mint’s gold bullion coin sales at lowest level in October

The United States Mint witnessed lowest monthly sales of the year in OCtober while Silver bullion sales remained at elevated levels.

Central bank gold buying will make 1980 gold run look ridiculous

Demand for gold bullion remains broad based and global in nature. One of the most important sources of demand continues to be central bank demand. According to data from the IMF, central banks continue to be significant net buyers of gold.

The next gold rally is coming

When the plunged 20 percent last month, many market watchers declared the gold boom over. Stalled, yes; ended, no, according to many gold analysts, who believe the precious metal may instead be near a new sustained rally. ?I can tell investors don?t se...

‘Gold and silver not among six preferred commodities’

Steve Palmer, founder and chief executive of the Toronto-based investment manager AlphaNorth Asset Management, prefers metals that have uses beyond sitting in a basement safe or gift-giving. In this exclusive interview Palmer explains why he is looking...

Gold Fields sees Q3 gold output at around 900,000 ounces

South Africa?s Gold Fields posted a 3 percent rise in third quarter gold production on Wednesday, as the world?s fourth-largest gold miner overcame a strike that halted output for five days in July. The miner said attributable group output for the...

Kazakhstan will buy all domestic gold output in next 2-3 years

Kazakhstan, the second-largest ex-Soviet economy and oil producer after� Russia, has enough reserves to weather a new wave of financial crisis and keep its currency stable, the National Bank governor told Reuters Insider TV. Central Asia?s largest ec...

Consumers are rushing to buy gold before festival

With festive and wedding seasons in the offing, consumers are rushing to buy gold. With the decline in prices, gold retailers are bracing themselves to meet an impending rise in sales of jewellery. With investment in shares becoming risky, gold has...

SilverCrest Mines says gold and silver production from Mexico mine rises

Canada’s SilverCrest Mines said gold and silver production rose for the third straight quarter at its flagship mine in Mexico.

Eldorado Gold set a quarterly gold production record in Q3

Eldorado Gold set a quarterly production record in the third quarter and is on track to achieve its full-year gold production target, the company said on Wednesday.

National Stock Exchange clocks four-fold surge in gold ETF trade

Investor interest seems to be growing fast in gold ETFs, as the average daily value of their trade on the National Stock Exchange (NSE) has grown by over four times since the beginning of this fiscal.

Gold may extend its slide from a record as Europe’s sovereign-debt crisis spurs dollar demand

Gold may extend its slide from a record as� Europe’s sovereign-debt crisis spurs demand for dollars, eroding the appeal of the metal as an alternative, according to� John Stephenson at First Asset Management Inc. The CHART OF THE DAY shows gold p...

China’s energy-saving campaign saves 150 million tons of coal

A national energy-saving campaign involving over 1,000 companies managed to save equivalent to 150 million tons of coal from 2006 to 2010, China's top economic planner said Sunday.

Option bulls hope to strike gold in Newmont

Newmont Mining attracted upside option activity yesterday for the the second time in a week as traders continue to make bets that the� recent slide in gold NEM� saw more than 5,000 March 65 calls� change hands in a strong buying pattern, going

Now is the time to buy silver despite the crash

If you missed the opportunity to profit from the Silver run last time, be sure not to miss it this time.

When rupee lost its buying power and gold gained

Gold prices have corrected heavily over the past 10 days, falling from an all-time high of Rs28,210 reached on September 21 to Rs25,685 on September 29, before recovering a touch to close at Rs25,995 the following day. The markets, soaring on the back of

Thailand, Bolivia and Russia boost gold reserves

Central banks in emerging markets continued to build up their gold reserves in August, data from the International Monetary fund showed, with Thailand, Bolivia and Russia all adding to holdings last month. Thailand bought 9.3 tonnes of gold in August,

Copper rout outpaces analysts focused on shortages: commodities

The biggest rout in copper since the global recession drove analysts to cut their price forecasts by 16 percent in a week as mounting concern about growth eroded expectations for supply shortages. The metal may drop as much as 10 percent to $6,500 a

Copper slumps into bear market as Fed assessment hurts outlook

Copper tumbled into a so-called bear market, slumping for a fifth day, after the Federal Reserve said that the U.S. economy faces “significant downside risks,” eroding prospects for industrial-metals demand.

Gold futures drop below USD1,800 after ECB announcement

Gold futures tumbled to a three-week low on Thursday, trading below the psychologically-important level of USD1,800-an-ounce after the European Central Bank announced measures to boost dollar liquidity.

Premier Gold finds high-grade gold mineralization in Nevada

Canada?s Premier Gold Mines Ltd said it found high-grade gold mineralization at its fully-owned Saddle project in Nevada and that it will start drilling at its Blue Sage prospect in the near future. The Blue Sage assets lie to the northwest of the Saddle

Gold futures shook off early weakness to edge higher Friday

Gold futures shook off early weakness to edge higher Friday as tanking U.S. stocks sent investors to gold’s perceived safety.losses spurred flight to the perceived safety of the metal.

Barrick Gold’s Pierina mine may operate til 2018

Barrick Gold Corp. ABX -0.07% said that its Pierina gold mine in Peru may operate until 2018. Minera Barrick Misquichilca SA, the company’s Peruvian unit, told the Peruvian securities regulatory agency on Wednesday

Gold futures rally as world economy, debt concerns spur demand for a haven

Gold futures rose for the second straight day in New York as renewed concern that the Greek debt crisis will worsen and signs of a slowing global economy spurred demand for the metal as a store of value.

Gold dragged down by dollar spike, profit-taking

Gold slid on Friday, closing its worst week since June, as profit-taking by investors and a spike in the U.S. dollar outweighed the desire for a safer haven. Gold tumbled in early U.S. hours on apparent investor liquidation, but clawed back much of its

Copper extends losses on weak LME trend

Copper extended its losses in futures trade today, declining by 0.56% to Rs 417.85 per kg amid a weak trend on the London Metal Exchange and subdued domestic demand.