Precious Metals
Updated 02:02:58 UST, 25 May 2013
Gold price adds 2% for the week, 'building a base' on retail demand as ETF investors keep selling
LONDON (Scrap Monster): The Gold price fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning.
Silver held tight around $22.50 per ounce, managing only one-third of gold's 2.0% gain for the week.
After yesterday's 7% plunge Japan's stock market bounced, but other Asian equities fell, as did European stocks.
US…
Don't buy gold, Invest in it!
People around the world have diverse reasons to buy gold- wedding, religious occasions and festivities to mention a few.
Gold price bounces 3% with silver as Tokyo stocks sink, China slows, US Fed discusses QE cut
The Gold price pushed higher Thursday morning in London, with silver making the same 3.0% rally from yesterday's sell-off while world stock markets slid and commodities fell
North American scrap gold prices trend higher; scrap silver slithers down
The daily scrap gold prices-both hallmarked and non- hallmarked saw an upward momentum Thursday, 23rd May, while scrap silver prices were seen trending lower
Dore bar refining likely to exhilarate the futuristic Indian gold industry
Indian bullion merchants are seen increasingly shifting to imports of gold dore bars having less than 95% gold content
Gold bars hit new record premium in Hong Kong, Europe urged to start aggressive money printing
Gold bar prices rose throughout Asian and early London trade in the wholesale market on Wednesday, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low
$3.2 billion worth gold treasure unearthed in Northwest Chinese valley
According to reports, geological workers have discovered a huge gold mine worth $3.2 billion along the Ili valley in north west China's Xinjiang Uygur Autonomous Region
Tumbling gold price calls for further import tariff value cuts by India
Tracking the subdued gold price in the global market, the Indian government today announced a second round of import tariff value cuts on gold
Gold price slips from 'short squeeze' surge, gold miner adds to hedge, contrarians see 'time to buy'
The Silver and gold price both ticked lower in London on Tuesday morning, but held onto the bulk of yesterday's rapid surges from 4-year and 1-month lows respectively
India in the hunt for solid controls on gold imports
The Indian Finance Minister has hinted at the government resorting to more rigorous action to curtail gold imports to the country in an attempt to crack down the Current Account Deficit (CAD) qualms
Gold and Silver prices bounce from fresh plunge, bearish investors outweigh Asian household demand
Gold and silver prices rallied from a fresh plunge in early London dealing on Monday, rising to stand unchanged and 2.3% lower respectively from the end of last week's trade
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Gold exploration activities have dropped 55%, says IntierraRMG market report
Research firm, IntierraRMG has released the new State of the Market Report which states that the global gold exploration activities have dropped by a huge 55%
Silver in real funk, classic unwinding on the cards
The apparently strong US dollar and the wary investor approach battered silver prices Monday, witnessing heavy investor selling
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More on Precious Metals
Gold prices down 5% for week, Pension funds seen selling ETFs
Silver Yearbook forecasts further drop in Silver prices, investor demand to stay robust
Don't write-off gold now, Asian demand to remain robust in 2013, says WGC
Surge in retail gold demand 'outweighed by ETF selling' as Far East premiums hit new highs
Buoyant Chinese gold dash lifts Asian bar premiums to peak
The innovative 'green' gold mining method bids adieu to toxic cyanide
Precious metals hit 3-week lows, ETFs 'could sell another 250 tonnes of gold'
Gold suffers second biggest fall this year
ETP inflows add gloss to silver , but waning industrial demand disquieting
Dollar strength means 'reduced safe haven appeal', but Indian sentiment has turned positive on gold
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North American Scrap Prices
Scrap Name
Price
High/Low
- 6063 Extrusions
- 0.81
- -0.0099999999999999
- 6061 Extrusions
- 0.80
- -0.01
- #1 Copper Bare Br..
- 3.09
- -0.13
- # 1 Copper Wire a..
- 2.97
- -0.15
- # 2 Copper Wire a..
- 2.79
- -0.15
- Yellow Brass
- 2.11
- -0.09
- Scrap Electric Mo..
- 0.40
- +0.01
- Old Sheet
- 0.68
- -0.03
- Al/Cu Radiators
- 1.64
- -0.03
- Old Cast
- 0.71
- -0.01
- Alternator
- 0.64
- 0
- Zorba 90% NF
- 0.71
- 0
- 304 SS Solid
- 0.67
- +0.01
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