PRICE

Rapid price rises in China have affected social stability, Chinese Premier Wen Jiabao said on Sunday, adding that controlling inflation is a top government priority.

The Federal Reserve would react to higher oil prices only if the increases spilled over into broader areas, officials of the U.S. central bank said on Friday, with one policy maker calling the risks manageable.

South African petrol pump prices in the main inland commercial region will increase by 43 cents a litre, or 4.8 percent, from March 2, the government said on Friday.

Oil price gains to date do not pose a risk to the U.S. economy but they could prove nettlesome if they jump a lot higher or create an inflationary psychology, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday.

RBC Capital Markets upgraded its rating on shares of Intrepid Potash, Inc. to outperform from sector perform and increased its price target to $44 from $38, on higher potash price forecast.

Procter & Gamble Co will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said.

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.

The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.

Australia's government launched a third attempt on Thursday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.

King Abdullah of Saudi Arabia - jointly the world's biggest oil producer alongside Russia, and so far immune to the civil unrest sweeping North Africa and the Middle East - returned from hospital treatment abroad to announce a near US$38 billion package of new housing projects, a 15% pay-rise across the board, and the kingdom's first-ever unemployment insurance.

South African papermaker Mondi posted a fourfold surge in annual profit, helped by recovering demand for paper and packaging, and said it would hike prices to cushion the impact of rising costs.

The Silver Price rose $1.49 per ounce from Friday's London Fix – a gain of 4.7% to new 31-year highs, and silver's fifth largest one-day move of the last 30 years in Dollars and cents. The market is starting to look towards the record high of $1430 for gold against the backdrop of silver making fresh highs.

Gold inched up on Monday, adding to a weekly gain of nearly 3 percent last week as fears over a European debt crisis and growing unrest in the Middle East underpinned investor sentiment.

Silver Prices today jumped to fresh 31-year highs at $32.84 per ounce, outpacing the rise in gold prices more than 3 times over since the two metals turned sharply higher three weeks ago.

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JPMorgan has slashed its target price on mobile operator Reliance Communications by 49 percent to 82 rupees, citing lower estimates for wireless and broadband segments and issues related to spectrum regulations.

EADS North America said it submitted a final proposal in the politically charged U.S. tanker competition against Boeing Co and that it lowered its price.

The Producer Price Index (PPI) for finished goods rose a seasonally adjusted 0.8 percent in January, the U.S. Bureau of Labor Statistics (BLS) said on Wednesday.

More and more investors are flocking to silver, sensing an opportunity. Mark Thomas of the Silver Shortage Report wrote on Tuesday that Soros Fund management has made an investment in Pan American Silver (PAAS).

Consumer prices in Britain rose in January, mainly led by an increase in value added tax (VAT) and rising crude oil prices.

China’s consumer inflation rose less than expected in January, as food prices continued to rise.