CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on the day, while nat gas was down.» Read More
LIMA, Peru— Dozens of international groups, the United Nations, and even Peru's own citizen ombudsman are objecting to a new law that weakens environmental protections in the Andean nation even as it prepares to host international climate-control talks this year.
Gold prices settled lower to end the week, a day after concerns about a conflict between Russia and Ukraine shot prices up. Gold for August delivery fell $7.50, or 0.6 percent, to $1,309.40 an ounce. Speculation that tensions between Russia and Ukraine could boil over sent traders into precious metals.
Nitesh Shah, research analyst at ETF Securities, and Amrita Sen, chief oil analyst at Energy Aspects, discuss how geopolitical tensions over the past few months have affected the price of oil and gold.
*Malaysian airliner crash intensifies Ukraine tensions U.S. imposes more sanctions on Russia. NEW YORK/ LONDON, July 17- Gold surged 1.5 percent on Thursday as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, as was gold, following the apparent shooting down of a Malaysian Airlines jet over Ukraine. Nat gas was down after the day's storage report numbers.
NEW YORK/ LONDON, July 17- Gold surged 1.3 percent on Thursday as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine.
NEW YORK/ LONDON, July 17- Gold prices climbed more than 1 percent on Thursday on heightened geopolitical tensions and news of more U.S. sanctions against Russia, while palladium rose more than 1 percent on renewed supply worries.
*Palladium prices hit highest since February 2001. LONDON, July 17- Gold rose on Thursday, extending the previous day's recovery from four-week lows as investors took advantage of lower prices to buy, though expectations that U.S. monetary policy is set to tighten limited gains.
NEW YORK, July 16- U.S. precious metals dealer Anthem Vault Inc said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.
Corn and soybean futures ended higher Wednesday, reversing course after several weeks of losses. Corn for December delivery, the most actively traded contract, rose 5 cents, or 1.3 percent, to $3.87 a bushel. Platinum for October delivery added 70 cents to $1,485.70 an ounce and palladium for September delivery rose $8.20 to $876.75 an ounce.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil climbed on the day, as crude inventories were down 7.2 million barrels.
TORONTO/ VANCOUVER, July 16- Barrick Gold Corp said on Wednesday its chief executive officer will step down in September and not be replaced, concentrating power in the hands of the miner's new executive chairman, John Thornton. The world's biggest gold miner appointed two co-presidents to help run the company after Jamie Sokalsky's departure as CEO.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 44 or 2.4 percent, to $18.77. Newmont Mining Corp. rose$. 76 or 3.1 percent, to $25.45.
Hecla Mining Co. rose$. 13 or 3.9 percent, to $3.31. Pan American Silver Corp. rose$. 19 or 1.3 percent, to $14.92. Silver Standard Resources Inc. rose$. 27 or 3.1 percent, to $8.87.
Sokalky became president and CEO of Barrick Gold Corp. in June 2012. The management moves come shortly after Barrick Gold founder Peter Munk retired as chairman. They will have overall responsibility for the execution of Barrick Gold's strategic priorities and operating plans.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 30 or 1.6 percent, to $18.63. Newmont Mining Corp. rose$. 75 or 3.0 percent, to $25.44.
Hecla Mining Co. rose$. 06 or 1.7 percent, to $3.24. Pan American Silver Corp. rose$. 11 or. 7 percent, to $14.84. Silver Standard Resources Inc. rose$. 20 or 2.3 percent, to $8.80.
Stuart Brown, CEO of Firestone Diamonds, comments on the rough diamond market and says that people "underestimate how big that market is".
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Yellen's testimony helped drive down gold on the day, as traders tried to interpret her remarks.
JAKARTA, July 15- Indonesia could terminate Newmont Mining Corp's copper mine contract if the U.S.-based firm does not withdraw a legal challenge to the country's export taxes, a government official said on Tuesday. The firm, along with U.S. miner Freeport-McMoRan Copper& Gold, has halted copper exports for the last six months.