Daily FNArena News - Commodities
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FNArena Alert: Uranium Futures Trade To US$140/lb
May 08 2007
The opening session of Nymex U3O8 futures saw a high of US$140/lb and a settlement of US$135/lb on thin volume.
Gold Finally Ready To Move Beyond US$700/oz ?
May 07 2007
Is this time “it” ? Market watchers and experts believe gold seems finally poised to break through US$695/oz and beyond.
Gold Defies US Dollar
May 04 2007
As the US dollar continued its bounce against the euro, supply data, fund buying and a strike in Peru combined to send gold higher last night.
When Will Central Banks Stop Selling Gold?
May 03 2007
As yet more gold sales are registered by European central banks, the market is starting to wonder whether talk of quota shortfalls might be misplaced.
Asian Steel Prices May See Short-Term Strength
May 03 2007
Industry consultant MEPS expects prices for both flat and long steel products in Asia to post short-term gains, but the increases are unlikely to last beyond the middle of the year.
Conditions Remain Supportive For Base Metals
May 02 2007
Natixis Commodity Markets sees conditions in base metal markets as remaining supportive, though prices in 2008 are likely to be lower than this year.
Uninspiring Outlook For Gold, Silver More Positive
May 02 2007
Natixis Commodity Markets highlights the upward drift of “floor” prices in precious metals.
Beattie-ing Around the Bush
Apr 30 2007
Queensland’s uranium policy is still up in the air, while GSJB Were believes ERA and Paladin are overvalued.
Metal Price Outlook Still Solid
Apr 27 2007
With seasonal conditions in favour of higher metal prices expectations are being reviewed and the outlook appears favourable.
More Massive ECB Gold Sales
Apr 27 2007
Gold continues to prove surprisingly resilient against European central bank selling of their gold allowances.
