SINGAPORE, March 12- Gold climbed for a second session on Wednesday to its highest in 4-1/ 2 months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal. Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce, traders said.» Read More
Glencore International's $31 billion takeover of Xstrata — approved by shareholders Tuesday — will create a merged company that may rival BHP Billiton as the world's top miner in five years' time, according to resources-focused private equity investor CEF Holdings.
Rich Ilczyszyn, CEO and founder of iiTrader, talks turkey about a seasonal gold trade that is on a winning streak.
Gaurav Sodhi, Resources Analyst, Intelligent Investor says that investment as a part of China's GDP growth has shrunk, which will negatively impact commodity markets.
BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. The FT reports.
"Futures Now" trader Rich Ilczyszyn looks at whether silver can be bought at current levels.
"Futures Now" trader Rich Ilczyszyn looks at key levels for this industrial metal.
Investors should opt for U.S. Treasurys and gold because the boost to risky assets from central bank stimulus measures may already be over, according to a report by macroeconomic research firm Capital Economics.
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.
‘Superstorm’ Sandy is set to inflict a negative hit on demand for crude oil as U.S. East Coast refineries come to a standstill, but BP’s Chief Executive Bob Dudley has told CNBC that oil firms are set to bounce back quickly.
After a slump in third-quarter earnings, Richard Adkerson, Freeport McMoran Copper & Gold CEO, told CNBC’s "Closing Bell" on Monday, he’s still optimistic about his business and copper fundamentals longer-term.
Although construction and mining giant Caterpillar cut its full-year outlook and missed Wall Street’s revenue estimates on Monday, one analyst says the stock is a “buy” if global growth is positive.
The Australian government on Monday lowered its expectations for a budget surplus as falling commodity prices coupled with slower growth begins to bite, giving rise to the question: should the country drop the idea of a surplus?
Warren Gilman, Chairman & CEO, CEF HOLDINGS says that gold is likely to pull back further, presenting a good buying opportunity in 2-3 weeks time.
Rich Ilczyszyn, CEO and founder of iiTrader and a "Futures Now" trader, outlines where gold might be headed.
Jonathan Barratt, CEO & Founder, Barratt's Bulletin says that there will be selling in the Gold ETF market if gold prices continue to come under pressure.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that miners are upping their investments to expand capacity. This means that volume growth will help offset weak metal prices.
Jay Richards, Investment Manager at GTL Capital Management says that base metals prices will fall as China's infrastructure spending slows.
Jeff Largey, head of metals and mining research at Macquarie Group, tells CNBC that as the metals and mining sector are facing supply challenges, it will be crucial for China's new leadership to implement growth policies.
Peter Akerley, President & CEO, Erdene Gold explains that despite the slip in Mongolian mining, especially coal, capital injections in the sector still remain strong.
Jeffrey Christian, Founder & Managing Director, CPM Group says that gold could move towards the $1700-level, if it does not break past the $1750 handle.