Recovering Anglo American sticks to asset sales but with less haste – Fox Business

LONDON/JOHANNESBURG –  Shares in Anglo American are up more than 200 percent this year, like prices of the coking coal it mines, and yet the group is sticking to an overhaul accelerated when commodity markets were rock bottom and it was in deep trouble. Continue Reading Below Now that Anglo American is the best performing […]

PRECIOUS-Gold edges higher, awaiting direction on US rates – Reuters Africa

* Gold has traded in $16 range in last week * Platinum off over 2-week highs hit on Wednesday * SPDR Gold holdings drop 1.49 pct (Updates prices, fresh quote) By Zandi Shabalala LONDON, Oct 27 (Reuters) – Gold was on track to end the week barely changed as the market awaited more signs about […]

KGHM buy of Sierra Gorda mistake but no plans to sell yet – CEO

KGHM’s purchase of the Sierra Gorda mine in Chile was a mistake but the Polish miner has no plans to sell the asset, its CEO told Metal Bulletin in an interview ahead of LME Week here in London. KGHM holds 55% of Sierra Gorda – it acquired the copper and molybdenum mine in 2012 when […]

DIN Newsletter for October 27, 2016

Stock Of The Day: Buy or Sell? Crown Castle International Corp. (CCI) is a Buy Chart for CCI Risk levels may be somewhat lower than normal. CHARTS OF THE DAY Kimball International Inc [KBAL] Chart for KBAL KBAL share price is $12.49, which is 2% below its 21-day moving average of $12.81. KBAL share price […]

Membership – getting lonely on floor but others coming on board

The LME moved to new premises earlier this year, cutting the ribbon on its fourth bespoke trading floor. But with ring-dealing member (RDM) numbers unchanged at nine from this time last year, the new mini-sized ring represents something of a downsize. RDM numbers fell to single figures after heavyweight JP Morgan (JPM) gave up its […]

Thinking of diversifying your portfolio? Now is the time to add commodities – CNBC

With commodities currently sitting at or near multiyear lows, now may be a good time for investors to take advantage of lower prices and gain exposure. Commodities — such as precious metals, including gold and silver; industrial materials, such as iron ore and copper; and agricultural products, such as wheat and pork bellies — can […]

History of the LME: teething problems mar move to new HQ

The London Metal Exchange (LME), the world’s largest non-ferrous metals market, marked its 139th year of existence by moving to a new HQ in February, although the relocation did not take place without a major hiccup in the summer. Three years after its purchase by Hong Kong Exchanges and Clearing Ltd (HKEx), the LME upgraded to […]

Platinum, Diamond Jewellery Leading Trend This Diwali: Assocham – NDTV

New Delhi: Diamond studded or platinum jewellery is leading the trend this Diwali on the back of growing change in the mindset of women, industry body Assocham today said. Small items like earring, rings and light bangles see heavy demand, it said in a statement. Majority of the jewellers in the country are focusing on […]

Gold gains as strong dollar cools its advance – MarketWatch

AFP/Getty Images Gold futures found some traction on Thursday as the dollar slipped from the multimonth highs it hit earlier this week. Gold has chopped in a narrow trading band, penned in by overall relative strength in the U.S. dollar and prospects for higher U.S. interest rates, which tend to work against nonyielding gold. But […]

PRECIOUS-Gold inches higher, market seeks direction on US interest rates – Reuters

* Gold has traded in $16 range in last week * Platinum off over 2-week highs hit on Wednesday * SPDR Gold holdings drop 1.49 pct (Updates throughout, adds LONDON dateline) By Zandi Shabalala LONDON, Oct 27 Gold rose marginally on Thursday, on track to end the week barely changed as the market waited for […]