Daily FNArena News - Commodities

Surbiton Associates points out Australian gold production has been flat over the past year.

Ongoing tightness on the supply side is putting upward pressure on coal prices and analysts have reacted by lifting estimates for coming years.

The eighth annual LMBA Conference in Mumbai showed participants remain positive on the outlook for the gold price, with an average forecast of more than US$840 per ounce for September next year.

Industry consultant UxC joined colleague TradeTech by setting its weekly spot price indicator at US$93/lb this week.

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.