Gold Silver Reports — Silver is poised to enter a bull market after prices jumped to a 10-month high and as investors pile into precious metals, with top forecasters’ staying positive on gold.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
China Starts Gold Fixing Bid
Gold Silver Reports — China, the world’s biggest producer and consumer of gold, started a daily price fixing on Tuesday in an attempt to establish a regional benchmark and bolster its influence in the global market.
Sibanye Biggest Gold Miner Says Laws Not Acceptable
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the metal from South African mines, criticized the country’s planned Mining Charter, saying some aspects of the legislation are “not acceptable” in their current form.
The government published draft proposals on Friday stating that mines must be at least 26 percent-owned by black investors, even if those stakes are subsequently sold. Mining executives including Sibanye Chief Executive Officer Neal Froneman have argued this will lead to existing investors’ stakes being continually diluted.
Sibanye Appointed Heads for Gold, Platinum and Coal
Gold Silver Reports — Sibanye Gold Ltd. appointed heads for its platinum, gold and coal businesses as the South African company restructures after expanding into these commodities through acquisitions.
Wayne Robinson has been named chief executive officer of the gold and uranium unit, while Jean Nel was appointed CEO of platinum, Sibanye said in a statement Monday.
Gold Erases Gains After Climbing as much as 0.7 percent
Gold Silver Reports — Gold swung between gains and losses Monday as a selloff in oil and advances in equities left investors contemplating the metal’s appeal as an alternative asset.
Bullion may surge to $1350 an ounce by the year-end
Gold Silver Reports — Gold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam.
Stocks Little Up as Commodities Drop
Gold Silver Reports — U.S. stocks meandered, with the Dow Jones Industrial Average ticking up to its highest level since July as global equities capped a fifth straight advance on gains in Europe and Asia.