NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 03 or. 3 percent, to $10.20. Newmont Mining Corp. rose$. 21 or 1.2 percent, to $18.25.» Read More
If anyone was still in doubt about whether the era of ever-rising prices driven by rapid Chinese growth was over, events of the past week have surely dispelled it. The FT reports.
Gold prices, now at a three-year low, could keep falling as investors reshape their views. Forecasts for $1,000 an ounce gold are sounding a lot less far-fetched.
Oleg Deripaska, CEO of Rusal, discusses the basic resources sector and says that investors should calm down and "accept reality".
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund.
Investors have dumped mining shares this year with a drumbeat of bad news weighing on sector, from weak Chinese data to a supply glut in some metals.
Michael Widmer, metals strategist at BofA Merrill Lynch Global Research, tells CNBC that as emerging markets get more affluent, demand for jewelry and gold increases.
Colin Hamilton, global head of commodities research at Macquarie Group, tells CNBC that there's a return to a cyclical sector in metals and mining.
Mike Elliot, Global and Asia-Pacific Mining & Metals Leader at Ernst & Young says the focus has shifted to productivity in the mining space. Rob Aspin of Standard Chartered Bank Wealth Management Group weighs in.
Peter Akerley, President & CEO of Erdene Gold says upcoming elections in Mongolia will bring about political stability paving the way for investments into the economy.
Sipho Nkosi, CEO of South African miner Exxaro, says the weakness of the rand is a double-edged sword.
Retail investors remained positive on gold in May, despite a sharp fall in demand, said BullionVault, an online trading platform for gold and silver.
Resource funds have had a tough run so far this year, but diamond miners have managed to emerge relatively unscathed, with many stocks surging this year.
Benoit Anne, head of emerging markets at Societe Generale, tells CNBC that the intervention of Zuma in South Africa had a really negative impact on markets.
With multiple investment banks signposting the end of the commodity supercycle, a World Bank director has warned developing countries that have benefited from the surge to protect themselves against a price crash.
Bank of America Merrill Lynch has sliced its 2013 outlook for silver, in a warning sign for investors that view it as a leading indicator for gold.
Warren Gilman, Chairman & CEO of CEF Holdings says the recent sell-off in commodities is a short term reaction that presents long term buying opportunities. He explains why he sees a resurgence in the commodities boom.
Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.
Stan Shamu, Market Strategist at IG Markets says the yield play continues to be the dominant theme in Australia as the mining sector goes through a downgrade cycle.
Colin Hamilton, global head of commodities at Macquarie Group, tells CNBC that gold is being driven lower by a very strong dollar and continued ETF outflows.
Billionaire George Soros reduced his holdings of exchange-traded products backed by gold prior to last month's freefall.