Precious metals prices fell yesterday as a stronger performance in U.S. equities and a dollar rise prompted investors to take profits after its rally in the previous session.
Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange traded fund, stood at 1205.31 tonnes by
Apr 07, remains unchanged from the previous business day.
Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 10497.59 tonnes by
Apr 07, remains unchanged from the previous business day.
South African miner Gold Fields Ltd GFI.J reopened its Ghana operations late on Monday after reaching a deal with striking
workers who had accused management of discrimination, a source close to the mine told Reuters.
Close to US$70 billion of gold was traded through Dubai last year as volumes of the precious metal imported and exported via the emirate increased, according to the Dubai Multi Commodities Centre (DMCC).
Industrial metals prices rose yesterday, rebounding from falls the previous week, as the euro gained ground against the dollar and a strike in major producing nations raised concerns over temporary supply constraints.
Chilean state miner Codelco's unionized workers said on Monday they would conduct a 24-hour work stoppage at all
units of the world's top copper miner on Tuesday for safety improvements and greater job security.
Aurubis, Europe's biggest copper smelter, will increase capacity at its two smelters in Bulgaria and Germany as the market
moves into a bigger surplus, Chief Executive Peter Willbrandt said on Monday.
Chinese steel futures rose on Monday to their highest in more than a week in anticipation of improving demand in the
second quarter, supporting raw material iron ore, although large steel inventories may limit gains.
Global miner Anglo American should produce 3 percent more copper this year than last in part as the promising but
troubled Collahuasi mine turns the corner after a tough 2012, the company's head of copper told Reuters.
The costly port strikes that recently hit top copper producer Chile and detained an estimated 9,000 tonnes of the red metal's exports per day were an unwelcome reminder for miners of the risk of labor action during an electoral year.
Crude Oil prices edged higher yesterday, lifted by gains in gasoline futures and strong selling of the spread between Brent crude and U.S. crude.
U.S. commercial crude oil stockpiles were forecast to have risen last week due to higher imports, while inventories for oil
products were seen falling, a preliminary Reuters poll of analysts showed on Monday.
Venezuela's production of crude and natural gas liquids has stabilized at 3.12 million barrels per day after state oil company PDVSA halted a decline in output from the OPEC nation's second-mostproductive region, Oil Minister Rafael Ramirez said in an interview on Monday.
South Sudan will start marketing crude from the end of May after resuming oil production on Saturday, its oil minister
said on Monday.
Brazil's oil regulator, the ANP, said on Monday that it authorized Chevron Corp to restart output from an offshore oil field
more than a year after a November 2011 spill forced the No. 2 U.S. oil company to stop Brazilian production.
Royal Dutch Shell Plc.'s U.S. subsidiary on Monday boosted the estimate of how much crude oil was released by a leak from its West Columbia pipeline in east Houston, the company said.
