CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day for stocks, but commodities were not. Crude was down slightly, but could be ready to break out because of Ukraine. Gold closed down $27 on the day, it's worst drop for the year. And nat gas» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on strong volume and fears from Ukraine. Gold saw some buying in spite of a stronger dollar. And platinum was higher on a possible mine workers strike in South Africa.
*Separatist unrest spreads in Ukraine, boosting gold. NEW YORK/ LONDON, April 14- Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/ 2 year peak.
Hecla Mining Co. rose$. 11 or 3.4 percent, to $3.21. Pan American Silver Corp. rose$. 30 or 2.3 percent, to $13.40. Silver Standard Resources Inc. rose$. 18 or 1.8 percent, to $10.42.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 32 or 1.7 percent, to $18.94. Newmont Mining Corp. rose$. 45 or 1.9 percent, to $24.68.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 23 or 1.2 percent, to $18.85. Newmont Mining Corp. rose$. 28 or 1.2 percent, to $24.51.
Hecla Mining Co. rose$. 04 or 1.1 percent, to $3.15. Pan American Silver Corp. rose$. 14 or 1.1 percent, to $13.24. Silver Standard Resources Inc. rose$. 03 or. 3 percent, to $10.27.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 14- "Unloved" was a word that popped up several times in relation to BHP Billiton's mooted plans to spin-off its non-core aluminium, nickel and manganese businesses.
SINGAPORE, April 14- Palladium gained for a fifth straight session on Monday to its highest since August 2011 on growing fears that supply would be hurt by more U.S. sanctions on top producer Russia and prolonged labour strikes in No. 2 producer South Africa.
Hecla Mining Co. fell$. 16 or 4.9 percent, to $3.11. Pan American Silver Corp. fell$. 19 or 1.4 percent, to $13.10. Silver Standard Resources Inc. fell$. 35 or 3.3 percent, to $10.24.
Barrick Gold Corp. fell$. 17 or. 9 percent, to $18.62. Gold Fields unchanged at $4.05. Newmont Mining Corp. fell$. 56 or 2.3 percent, to $24.23.
Traders are worried that the tensions between the West and Russia over Ukraine will lead to disruptions in shipments of palladium from Russia, a major producer of the metal. Gold for June delivery fell $1.50 to $1,319 an ounce. Soybeans fell 19 cents to $14.63 per bushel, corn fell three cents to $4.99 a bushel and wheat fell two cents to $6.60 a bushel.
NEW YORK/ LONDON, April 11- Palladium prices shot through $800 an ounce for the first time in almost three years on Friday after a burst of heavy early buying triggered light buy stops as investors bet on tightening supplies from top exporter Russia and strong automotive demand.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 04 or. 2 percent, to $18.83. Newmont Mining Corp. fell$. 42 or 1.7 percent, to $24.37.
Hecla Mining Co. fell$. 12 or 3.6 percent, to $3.15. Pan American Silver Corp. fell$. 05 or. 4 percent, to $13.24. Silver Standard Resources Inc. fell$. 16 or 1.5 percent, to $10.43.
MOSCOW, April 11- Polyus Gold, Russia's biggest gold miner is considering state proposals to encourage the rebasing of Russian firms currently owned by offshore entities and intends to explore these issues with the government, the company said on Friday.
NEW DELHI, April 11- Gold and silver imports into India, the world's second-biggest buyer of the metal, dropped 40 percent to $33.46 billion in 2013/ 14, a trade ministry source said on Friday, following a series of restrictions imposed by the federal government to curtail the current account deficit.
Martin Arnold, director and research analyst at ETF Securities, says the gold price will see a modest rise this year, but other precious metals could be a more attractive investment.
*Artisanal mining destroying plantations in Ghana, Ivory Coast. YOHO, Ivory Coast, April 11- A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakeable traces of gold dust.
*Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.
SINGAPORE, April 11- Gold was trading near its highest in 2-1/ 2 weeks on Friday, and looked set to log its best week in a month on weaker equities and increasing hopes that the U.S.