Daily FNArena News - Commodities

Industry consultant TradeTech has left its weekly price benchmark unchanged for the third week in a row.

Spot uranium took a breather last week, industry consultant TradeTech reports.

PNG is renowned for its mineral abundance, and the island of New Britain is the site of three exciting copper-gold-molybdenum systems. Recently incorporated Coppermoly has initiated an IPO with the goal of exploiting these highly prospective projects.

Is gold just a US dollar story? Things may look different in different currencies.

Kurdish rebels have safely returned captured Turkish soldiers. Oil price weakness tonight?

Gold is at 27-year record highs but the gains are being limited to the US dollar as NAB points out prices in euro and Australian dollar terms remain below highs of last year.

Annual negotiations for iron ore contract prices are due to start soon. Chinese customers are advocating unity amongst steel firms, while BHP is as bullish as can be.

Credit Suisse likes the outlook for gold longer-term but sees potential for silver and platinum to outperform shorter-term as they play catch up to gold’s recent gains.

Global food prices are rising and the trend is likely to continue according to ANZ Bank, with less land, climate change and increased use of biofuels all contributing factors.

The world’s second largest central bank holder of gold bullion is not in a selling mood just yet.