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331.

As gold dims, RioZim diversifies into coal and nickel
The difficulties at the company's flagship gold mine, Renco, are leading Zimbabwe's leading domestic mining company, RioZim, to re-assess and regenerate its nickel and coal holdings.
29 May 2008

332.

Opening Glance: Gold mining stocks open lower
Shares of gold mining companies opened lower Thursday as the price of the commodity declined in European trading. Gold traded in London at $893.00 per troy ounce, down from $898.20 late Wednesday.
29 May 2008

333.

Gold hedging falls 15% in Q1 2008
Gold hedge books fell 15% during the first quarter of 2008 to 22.69 million ounces, as part of a continuing trend for dehedging.
29 May 2008

334.

The Dirty Fingerprints of Digital Gold
We might as well start the daily synopsis with the observation that oil prices fell under $130 ahead of the release of US inventory figures, a drop which sparked a further rise in the US dollar (now at 72.85 on the index). Weighed down by the
29 May 2008

335.

US dollar up in Europe
The U.S. dollar was mostly higher against other major currencies in European trading Thursday morning. Gold fell. The euro traded at $1.5561, down from $1.5635 late Wednesday in New York.
29 May 2008

336.

The gold is not shining as before...
Today, the precious metal is still calmly declining reaching a high of $902.55 an ounce and therefore losing about $5.75 an ounce as it reached a high of $908.30 yesterday yet trading is still limited as there is no specific trend seen in the markets since yesterday. This decrease in its price witne...
29 May 2008

337.

Fundamental analysis for precious metals gold - 5/29/2008
The shiny metal has completed full Fibonacci retracement levels yesterday reaching to below 890$ per ounce sinking down considerably, yet up till now there is no corruption whatsoever for the bullish scenario for the shiny metal and we still remain bullish targeting the 950$ as far as the level 887 ...
29 May 2008

338.

Gold companies highlight merger season is underway
While the cashflow stream has not dried up there are a number of emerging issues that is driving small to emerging companies to look at the mergers and acquisition market. Two Australian gold companies, Norton Gold Fields Ltd and Bellamel Mining Ltd have decided to get married.
29 May 2008

339.

Commodity News Center. Com Market Summary
Crude oil gained 1.6-percent today, with the July contract settling $2.62 higher at $130.93 a barrel. Saber rattling by Nigerian rebels, Morgan Stanley forecasting $150 oil, and Gordon Brown mentioning an oil shock contributed to oils climb higher today. British Prime Minister Gordon Brown was quoted in the Guardian newspaper saying "The global economy is facing the third great oil shock of r...
28 May 2008

340.

PRECIOUS METALS: Gold Drops for Second Day as Dollar Strengthens, Silver Falls
Gold futures fell for the second day on Wednesday in New York as the dollar strengthened, lowering the appeal of the precious metal as an alternative investment.
28 May 2008

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