Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange traded fund, stood at 1208.92 tonnes by Apr 02, down by 8.13 tonnes from the previous business day.
Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 10703.59 tonnes by Apr 02, remains unchanged from the previous business day.
Indian Finance Minister P. Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling and would instead introduce inflation-indexed instruments to help curb a record current account deficit. The pace of physical gold buying among private investors slowed in March, while bullion market sentiment remained positive because of a near-bankruptcy in Cyprus, a survey by BullionVault showed on Tuesday.
Inventories of nickel in warehouses registered by the London Metal Exchange (LME) rose by 1,296 tonnes to a record high of 166,716 tonnes, data released on Tuesday showed.
Nickel sees 2013 production between 9.0 million- 10.0 million pounds of payable nickel. Expects to be at or near the full production rate of 10 million pounds of nickel per annum after Q1 of 2013 Japan's crude steel output is expected to fall 4.1 percent in the April-June quarter from a year earlier, the trade ministry said on Tuesday.
Sterlite Industries Ltd's copper plant in India, the country's largest, will stay closed at least until a hearing next week about a gas leak reported at the site, tightening supplies of the red metal in Asia's third largest economy.
Rio Tinto's loss-making aluminium smelter in New Zealand, which wants a government break on its electricity bill to stay afloat, must learn to "stand on its own two feet," New Zealand Prime Minister John Key said after the firm rejected a short-term subsidy offer.
Crude oil prices ended higher yesterday,tracking rising global equity markets after some positive factory data out of the U.S. Investors also weighed some encouraging U.S. automobile sales data for March, with most car makers recording significant growth, fueling hopes of demand growth for oil.
U.S. crude stocks increased sharply last week, refined fuel inventories fell, and crude imports rose, data from industry group the American Petroleum Institute showed on Tuesday.
Japan is offering to sell a total 700,000 kilolitres, or about 4.4 million barrels, of crude from the government's Strategic Petroleum Reserves, aiming to replace them with other grades, a tender document from the trade ministry showed on Tuesday.
Gasoline stocks independently held in Europe's Amsterdam-Rotterdam-Antwerp hub rose this week by 8.25 percent to 1 million tonnes as traders switch to summer-grade product, data from Dutch oil analyst Pieter Kulsen showed on Thursday.
Libya's crude oil exports totalled 41.966 million barrels in February, state energy firm the National Oil Corporation (NOC) said on Tuesday.
Output of oil and natural gas in Brazil fell for the 11th straight month in February as repairs to existing platforms in the country's main producing region put wells out of service, Brazil's petroleum regulator, the ANP, said on Tuesday.
Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 10703.59 tonnes by Apr 02, remains unchanged from the previous business day.
Indian Finance Minister P. Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling and would instead introduce inflation-indexed instruments to help curb a record current account deficit. The pace of physical gold buying among private investors slowed in March, while bullion market sentiment remained positive because of a near-bankruptcy in Cyprus, a survey by BullionVault showed on Tuesday.
More From This Section
Industrial metals prices fell 1 percent to a sevenmonth low yesterday as downbeat manufacturing data from the euro zone, the United States and China showed stuttering growth momentum in the top markets for metals.
Inventories of nickel in warehouses registered by the London Metal Exchange (LME) rose by 1,296 tonnes to a record high of 166,716 tonnes, data released on Tuesday showed.
Nickel sees 2013 production between 9.0 million- 10.0 million pounds of payable nickel. Expects to be at or near the full production rate of 10 million pounds of nickel per annum after Q1 of 2013 Japan's crude steel output is expected to fall 4.1 percent in the April-June quarter from a year earlier, the trade ministry said on Tuesday.
Sterlite Industries Ltd's copper plant in India, the country's largest, will stay closed at least until a hearing next week about a gas leak reported at the site, tightening supplies of the red metal in Asia's third largest economy.
Rio Tinto's loss-making aluminium smelter in New Zealand, which wants a government break on its electricity bill to stay afloat, must learn to "stand on its own two feet," New Zealand Prime Minister John Key said after the firm rejected a short-term subsidy offer.
Crude oil prices ended higher yesterday,tracking rising global equity markets after some positive factory data out of the U.S. Investors also weighed some encouraging U.S. automobile sales data for March, with most car makers recording significant growth, fueling hopes of demand growth for oil.
U.S. crude stocks increased sharply last week, refined fuel inventories fell, and crude imports rose, data from industry group the American Petroleum Institute showed on Tuesday.
Japan is offering to sell a total 700,000 kilolitres, or about 4.4 million barrels, of crude from the government's Strategic Petroleum Reserves, aiming to replace them with other grades, a tender document from the trade ministry showed on Tuesday.
Gasoline stocks independently held in Europe's Amsterdam-Rotterdam-Antwerp hub rose this week by 8.25 percent to 1 million tonnes as traders switch to summer-grade product, data from Dutch oil analyst Pieter Kulsen showed on Thursday.
Libya's crude oil exports totalled 41.966 million barrels in February, state energy firm the National Oil Corporation (NOC) said on Tuesday.
Output of oil and natural gas in Brazil fell for the 11th straight month in February as repairs to existing platforms in the country's main producing region put wells out of service, Brazil's petroleum regulator, the ANP, said on Tuesday.