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Platinum Hits Record $2,160 an ounce: Stockpile Concerns

Platinum soared to its 14th consecutive record high on Tuesday as investors continue to purchase the precious metal on persisting stockpile concerns from South Africa, the metals top producer.

Platinum hits record at $2,160 in tight market

Platinum set a lifetime high for the 14th straight day on Tuesday on strong speculative buying on the back of severe output problems in top producer South Africa.

Platinum Breaks Through $2,100 on Tight Supply, Gold Steady

Platinum surged over $2,100 an ounce for the first time, gaining more than 20 percent since late January after South Africa, the largest producing nation, continues to be hard hit by power cuts that forced mines to shut down operations. Gold remained steady.

India set to ride the KPO wave: Report

The market for KPO or Knowledge Process Outsourcing, which follows the success waves created by ITO (Information and Technology Outsourcing) in the 1980s and the BPO (Business Process Outsourcing) in the 1990s, is expected to touch $10-17 billion by 2010 and India is well poised to grab a major share of the market, a research paper released by the global audit, tax and advisory services group KPMG has revealed.

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Platinum Hits New Record, Soaring Above $2,000 an ounce

Platinum surged to a historic high above $2,000 an ounce on continuing concerns of lower output by South Africa, the world's largest platinum producer.

Gold Falls, Platinum Soars Over $2,000 an ounce

Gold futures edged lower on Wednesday while platinum surged to a historic high above $2,000 an ounce on continuing concerns of lower output by South Africa, the world's largest platinum producer.

Platinum Increases on Supply Concerns as Palladium Declines

Platinum gained on Tuesday amid concerns that shipments from South Africa might decline due to uncertainty over electricity supplies to the mines.

Gold Tumbles as Traders Cash in Profits, Most Metals Down

Gold futures tumbled sharply on Tuesday as traders cashed in profits from the precious metals after three days of steady gains.

Gold Futures Soar on Weak Dollar, Platinum Nears $2000 an Ounce

Gold futures soared on Monday on a weakening dollar and increased concerns over supply cuts from South Africa, the world's second-largest gold producer.

Commodities Round up: Platinum and Gold Soar on Energy Cuts, Oil Gains

Platinum prices hit yet another new high on Monday after the world's biggest platinum producer Anglo Platinum , said its output will drop again this year as a result of the current energy shortage in South Africa. Gold also gained.

Platinum rally goes on

Platinum prices hit a record high for the eighth straight trading day on Monday on worries power problems in top producer South Africa would hit output badly.

Gold Futures Soar on Weak Dollar, Platinum Gains

Gold futures closed with strong gains Friday, rising as the dollar traded lower against a basket of its major foreign-exchange counterparts. Platinum Gained.

Platinum Hits New Record, Gold Soars on Supply Shortages

Platinum futures hit a historic high for the sixth consecutive day, while gold also posted strong gains as continued concerns over supply shortages from South Africa boosted investors appeal for the precious metals.

Platinum, Gold Rise On Investor Demand and SA Power Cuts

Platinum futures scaled a record high above $1,819 an ounce early Wednesday on continued concerns over supplies from top producer South Africa after the country started experiencing power cuts which have hindered mining operations. Gold also rose on investor demand.

Platinum Hit Records, Gold Down

Platinum soared to a record high of $1,800 an ounce for the first time Monday as investors bet that a power shortage in top producing South Africa will tighten global supply for the precious metal. Gold traded 4 percent it record from last week.

Gold, Silver Dive Sharply As Dollar Rebounds

Gold futures dived sharply on Friday, losing the most in two weeks, as the dollar rebounded against the euro and traders moved in to cash in on their gains. Silver fell from the highest it's been since 28 years.

Gold Drops On Fed Cut Expectations, SA Mining Resumes

Gold futures ended lower Tuesday, after surging to a record in earlier trading session, as traders predict the Federal Reserve will cut borrowing costs by half a percentage point on Wednesday and mining resumes in South Africa following power cuts.

Gold, Platinum Futures Soar on Weaker Dollar, SA Mining Cuts

Gold futures hit a new record of $929.80 an ounce on Monday as the dollar fell against the euro among expectations of another Federal Reserve rate cut while platinum rallied to a record high of $1,733 an ounce on South African supply concerns.

Gold, Platinum Soar on South Africa Power Cuts

Gold and platinum prices surged to new records on Friday on deteriorating electricity shortages in South Africa, a top producer of the precious metals, increased the supply demand.

Zuma vows to fight graft charges: report

South Africa's ruling ANC leader Jacob Zuma has denied allegations of corruption and vowed to fight charges laid against him in court, local media reported on Friday.

Lenovo unveils consumer PCs

China's Lenovo Group Ltd introduced its first consumer computers in the United States on Wednesday, expanding in a region it entered in 2005 with the purchase of IBM's PC business. The unveiling of three new notebook computers with advanced features is part of a broader expansion by Lenovo into the global consumer PC market. The company also plans to sell the new consumer computers in ...

South Africa heads into uncertainty with Zuma victory

South Africa faced deep uncertainty on Wednesday after the greatest political shake-up since the end of apartheid set populist Jacob Zuma on the road to leadership of the country.

Holy Smokes! World's worst polluters list is out!

World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.