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March, Tuesday



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News // Metal market

Polyus Gold & KazakhGold Merger Cancelled

Polyus Gold said Tuesday that it canceled a planned merger with KazakhGold Group that would have given it a main London listing, amid shareholder conflicts, a lawsuit and a criminal investigation

28 October 2010 , 15:27The Moscow Times22320

Gold steady ahead of Fed move

Gold was steady on Tuesday as investors turned focus on expectations of more monetary easing by the Federal Reserve, and physical buyers were on the sidelines awaiting a clear direction on prices

26 October 2010 , 11:06Reuters17440

Gold hits 2-1/2 week low as dollar firms

Gold hit its lowest in more than two weeks in Europe on Friday as the dollar strengthened amid caution ahead of this weekend's G20 meeting, at which officials will seek ways to tackle currency imbalances

22 October 2010 , 16:03Reuters16560

Gold Drops After Geithner Report

Gold declined after U.S. Treasury Secretary Timothy F. Geithner said that the major currencies are “roughly in alignment,” boosting the dollar and curbing demand for the precious metal as a haven

21 October 2010 , 11:26Bloomberg31710

Gold steady after sharp fall, bargain-hunting seen

Gold held steady on Wednesday, after falling nearly three percent in the previous session following China's surprise interest rate hike, and prices are supported by bargain-seeker

20 October 2010 , 08:05Reuters11080

Gold Steady, After Geithner Comment

Gold was steady on Tuesday,but gains are likely to be capped by a stabilising  dollar, after Treasury Secretary Timothy Geithner said the United States  would not engage in dollar devaluation 
19 October 2010 , 08:29Reuters20300

Gold Fell More Than Half a Percent

Gold fell nearly one percent on Monday, weighed down by a rebound in the dollar, after Federal Reserve Chairman Bernanke on Friday gave few details of the much-anticipated easing move being weighed by the central bank

18 October 2010 , 10:12Reuters12990

Gold steady ahead of U.S. data

Gold was steady on Friday, pausing from a record-breaking rally on a stronger dollar,

and as investors await U.S. economic data and a speech from Federal Reserve Chairman

Ben Bernanke for cues on monetary policy

15 October 2010 , 08:55Reuters12570

Gold Nears One Week High

Gold rose to its highest in nearly a week on Wednesday, lifted by broad weakness in the dollar after the minutes of the U.S. Federal Reserve's last meeting suggested officials were ready to prop up the economy

14 October 2010 , 11:00Reuters12880

Gold Lower on Dollar

Gold prices fell half a percent on Tuesday, pressured by a rebound in the dollar, and gold might enter a phase of consolidation after record-breaking rally

12 October 2010 , 12:15Reuters14490

American Company into Russian Gold Mine Development

In September this year Seattle-based Spectral Capital Corporation announced that a definitive agreement has been executed between the Company and Gamma Investment Holdings Ltd for a 47% interest in mineral properties located in the Chita Region of the Russian Federation. The mineral properties are primarily intended for the extraction of gold and other valuable metals.

11 October 2010 , 00:08BSR Russia30230

Gold Rises to a New Record

Gold rose to a record in London and New York, and silver extended gains to a 30-year high, on speculation that government spending and low interest rates to revive economic growth will weaken currencies and boost demand for precious metals as an alternative asset.

06 October 2010 , 16:44Bloomberg13180

Gold dropped thanks to a stronger dollar

Gold dropped on Monday as it record rally paused thanks to a stronger dollar and promising U.S. housing data, but renewed financial worries in some euro zone countries provided underlying support.

05 October 2010 , 08:08Reuters11860

JPMorgan reopens New York gold vault

JPMorgan has reopened an underground gold vault in New York that was mothballed in the 1990s, in the latest sign of the soaring appetite for bullion.

04 October 2010 , 10:06Financial Times16770

Gold May Decline

Gold, little changed, may decline after reaching a record on five consecutive days last week on investor demand for an alternative to the weakening dollar.

04 October 2010 , 09:44Bloomberg19910

Gold price may rise up to $1450

The price of gold will rise to $1,450 a troy ounce in the next year, according to a poll of bankers, producers and analysts attending the London Bullion Market Association conference in Berlin, the biggest gathering of the precious metal’s industry.

30 September 2010 , 16:06Financial Times23290

Europe’s central banks halt gold sales

Europe’s central banks halt gold sales

28 September 2010 , 10:51Financial Times15430

KazakhGold Group shareholders support the merge with Russian company Polyus Gold

Shareholders of Kazakh gold miner KazakhGold Group Ltd have approved a merger with parent company Polyus Gold, Russia's top gold producer, KazakhGold said on Tuesday.

28 July 2010 , 09:31RIA Novosti18620

Fall of metals prices responsible of the failures of Russian steel makers

Russian steel makers have not fully complied with instructions given by Prime Minister Vladimir Putin to move to long-term contracts with consumers due to a fall in metals prices since May, Kommersant business daily said on Friday.

23 July 2010 , 10:33RIA Novosti22590

KazakhGold shares sale to Polyus Gold cancelled

Kazakhstan on Monday annulled the sale of shares in KazakhGold to Polyus Gold, putting in jeopardy plans for a merger of the two groups to create a gold-mining giant.

13 July 2010 , 10:04Reuters15750

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