BofA Merrill Lynch: Gold below $1,000 in 2016
"The combination of higher nominal opportunity costs and lack of inflation has hardly ever been bullish in the past 40 years, " says investment bank.
Latest Stories
Copper price rallies 6%
Glencore's bold move and huge jump in Chinese concentrate imports light fire under copper price.
Specim, a global leader in hyperspectral imaging, granted 5,3 M€ growth financing
The company, which was founded in 1995 by three former researchers of VTT Technical Research Centre of Finland Ltd, is a global forerunner in hyperspectral technology. The imaging spectral camera products are widely used in various industrial, environmental and defense applications.
Done deal? Amplats said to have sold platinum mines to Sibanye for $100M
The companies are expected to make an official announcement on Wednesday.
Lucara Diamond to host second stone tender in November
Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.
INFOGRAPHIC: Most Assets Hurting, but one stock market has bucked the trend
Deutsche Bank recently provided a graphical snapshot that covers the returns of a wide span of assets both YTD and since the mid-August meltdown.
SA platinum cuts to hurt global output over next two years
Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.
Could gold prices soar in September?
Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August.
Canadian regulator lets Nexen reopen 40 utility pipelines at Long Lake
The remaining 55 pipelines affected by a suspension order must stay closed until the company can demonstrate they're safe.
