Smarter Utility

 

[March 30, 2006]

DJ PRECIOUS METALS UPDATE: NY Metals Hit Multi-Year Highs

(Comtex Finance Via Thomson Dialog NewsEdge)NEW YORK, Mar 30, 2006 (Dow Jones Commodities News via Comtex) --TOP STORIES:

NY Precious Metals Review: Hits Multi-Year Highs

The precious metals complex shot to fresh multiyear highs Thursday at the New York Mercantile Exchange, with silver marking a 23-year high and gold putting on its best performance since 1981.
INTERVIEW: World Gold Trust Eyes Asia For Gold ETF Launch

NEW YORK (Dow Jones)--The World Gold Trust Services has its sights set on Asia and the Middle East for the next roll-out of its highly successful gold exchange-traded fund after gaining large market share in the U.S. since the streetTRACKS Gold Shares ETF was launched in November 2004.

FOCUS: Silver, Gold Highs Hoist Copper, Zinc To Records

LONDON (Dow Jones) -- A sharp rise in the spot silver and gold markets stirred enthusiastic buying in the base metals complex, lifting copper and zinc to fresh record highs Thursday.
FOCUS: S Africa Gold Enters New Consolidation Cycle

JOHANNESBURG (Dow Jones)--South Africa's rapidly shrinking gold industry has entered a new cycle of consolidation as the major producers seek to boost ore reserves and output to take advantage of bullion's rise to 25-year highs, analysts said Thursday.
Gold To Benefit From Role As Store Of Value- Analyst

SINGAPORE (Dow Jones)--The price of gold will continue to rise as more and more people see the metal as a store of value, amid a depreciating U.S. currency, an industry analyst said Thursday.
China Shanghai Gold Exchange Mulls Launching Spot Silver

SHANGHAI (Dow Jones)--China's Shanghai Gold Exchange hopes to launch the country's first-ever spot silver trading on the bourse in July this year but is still working out the details, a senior exchange official said Thursday.
STORIES OF INTEREST:

Russian Ctrl Bank Reserves Mar 24 $204.4B, Up $300M On Wk

MOSCOW (Dow Jones)--The Russian central bank said Thursday that its foreign-exchange and gold reserves rose $300 million to $204.4 billion in the week ended March 24.
Investors Poised To Test Gold's 25-Year High - Analysts

SYDNEY (Dow Jones)--Chart-watching investment funds are set to challenge gold's quarter century high of $575 a troy ounce, which could open the door for a run at the psychological $600/oz mark, traders and analysts said Thursday.
Kinross Gold Posts Wider 4Q Loss

Kinross Gold Corp. (KGC) Thursday reported a fourth-quarter loss of $154.3 million, or 45 cents a share, wider than a year-ago loss of $88 million, or 25 cents a share.
China Zijin Mining May Issue Shares To Fund Expansion

HONG KONG (Dow Jones)--Gold and copper producer Zijin Mining Group Co. (2899.HK) said Thursday it may issue additional shares to raise capital for capacity expansion and new projects.
Dubai Gold, Commodities Exchange Launches Silver Contract

LONDON (Dow Jones)--The Dubai Gold and Commodities Exchange, or DGCX, launched the Middle East's first silver futures contract Tuesday, five months after launching a gold futures contract.
MARKETS:

China Spot Gold Ends Sharply Up; Benchmark Hits 6-Wk High

SHANGHAI (Dow Jones)--Spot gold traded on the Shanghai Gold Exchange closed sharply higher Thursday, with the benchmark bullion finishing at a six-week high on aggressive buying from banks.
-By Alison Guerriere Ciaccio; Dow Jones Newswires; 201-938-5959; alison.guerriere@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

03-30-06 1517ET

[ Back To Homepage ]