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South African miners

Platinum In A Rut, Just Like Europe's Diesel Market

The price of platinum, the precious metal used to make anti-pollution equipment for vehicles, is in a slump due to the global economic downturn, but it's especially bad in Europe where platinum demand is greatest. Nevertheless, analysts are bullish, believing the price will rise in the latter half of the year and into the next.
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Asian Markets Decline On Bank Downgrades, Factory Data

Asian shares fell Friday and the safe-haven dollar hovered near its highest in a week-and-a-half after weak manufacturing data from the United States, Europe and China heightened fears over the outlook for global growth.
Dallas Fed Manufacturing Indexes Showed Declines in April

Why US Manufacturers Don't Care About The Euro Crisis

As the risk of a messy Greek exit from the euro and a general breakup of the euro zone spark global slowdown fears, panicked investors have fled the troubled euro to safe havens such as U.S. treasuries and, crucially, the dollar.
Super Pit, gold mine in Australia run by Barrick Gold and Newmont Mining

Gold Prices Rise More Than 1%

Gold rose more than 1 percent on Friday, building on the previous session's hefty gains, as a recovery in the euro prompted fresh buying of the precious metal after prices slid to five-month lows earlier this week.

Silver Enjoys Record 2011, Optimism For 2012

Silver enjoyed a record 2011, as investors turned to physical bars and coins of the precious metal to piggyback a strong year for gold, according to The Silver Institute's World Silver Survey 2012 released on Thursday.
Fresnillo Silver Mine

Fresnillo Says Silver On Track, Ups Gold Output

Fresnillo, the world's largest primary silver producer, posted first-quarter output of the metal in line with its expectations and said production of gold was ahead of target, helped by the start-up of a new mine in Mexico.
Gold Coins

Gold Prices Fall Hard As Dollar Soars

Gold prices slipped below $1,670 an ounce on Friday, pausing in their biggest one-week rally since late February as the dollar firmed against key currencies, with the euro falling out of favour due to worries over Spain's financial health.
Indian Finance Minister Pranab Mukherjee is accused of proposing a timid budget that fails to tackle the country’s structural problems

India's Jewelers End Gold Strike

India's gold-jewelry traders, the largest buyers of bullion, called off a 21-day strike after Finance Minister Pranab Mukherjee agreed to consider rolling back recent increases in gold taxes.
Gold bars in Hong Kong

Gold Plunges On ECB Comments That Boosted Dollar

Gold prices hit their lowest since early January on Wednesday as comments from the European Central Bank lifted the dollar to three-week highs against the euro, accelerating a fall sparked by declining expectations of more U.S. monetary easing.
Afton-Ajax Copper-Gold Mine

Gold Prices Rise Above $1,680 On Weak Dollar

Gold prices rose above $1,680 an ounce on Monday as the dollar steadied off earlier one-month highs against the euro, with the U.S. unit further paring gains after U.S. construction spending and manufacturing data.
AngloGold Ashanti facility in Ghana

Gold Rises As Dollar Falls And Euro Zone Firewall Expands

Gold prices rose on Friday as the dollar fell to a one-month low against a basket of currencies, including the euro, after European finance ministers agreed to boost the euro zone's debt crisis firewall to roughly 800 billion euros ($1.1 trillion).
South African President Jacob Zuma

South African Govt Gets Into Platinum Mining

South Africa's government is to plough $420 million into a public-private platinum venture with Pallinghurst Resources that has ambitions to become the world's third-largest producer of the precious metal.
Palladium bars

Palladium Set to Soar in 2012: Survey

Palladium prices are set to soar this year, buoyed by high levels of speculative buying, unwavering industrial demand and the general upward price pressure commodity metals are seeing in a zero-interest rate environment, according to a report issued Thursday.
Molten gold

Gold Ends Week With Little Change

Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the FederalReserve withheld additional easing amid a string of encouraging U.S. economic data.
Indian woman tries on gold jewelry

India To Double Its Gold Import Duty

India, the world's No. 1 gold buyer, plans to double the duty on imports of the precious metal, according to reports Friday, its second such move this year. Gold prices fell nearly 1 percent.
Heavy equipment at Super Pit

Gold Falls But Bullion Holdings Climb To Record

Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep U.S. rates low, although longer-term investors took their bullion holdings to a fresh record.
Boddington complex

Gold Edges Lower As Dollar Rallies

Gold edged lower on Monday after equities reversed gains and the U.S. dollar rallied to the highest in more than a month, but some investors opted to stay on the sidelines ahead of a U.S. Federal Reserve meeting this week that could weigh on the precious metal.
Heavy equipment at Barrick gold project

Gold Edges up to Snap Three-Day Plunge

Gold prices snapped three days of losses to rise on Wednesday, helped by the euro paring losses versus the dollar, which eased negative currency effects on the precious metal, and by a tentative recovery in demand for physical gold at lower prices.
Gold bars

Gold Recovers as Dollar Retreats, Buyers Step In

Gold is down more than 6 percent since late February, having dropped sharply from the year's highs after U.S. Federal Reserve chairman Ben Bernanke held off signaling a further round of U.S. monetary easing in a key speech.

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