*Gold expected to average $1,270 this year, $1,225 in 2015. *Platinum seen rising to $1,477.50 next year. LONDON, Oct 20- Gold prices will lag industrial precious metals platinum and palladium in 2015, analysts polled by Reuters predict, as a gradually stabilising world economy favours raw materials over so called "defensive" assets.» Read More
*Copper unable to build on Friday's higher finish. SYDNEY, Oct 20- London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of U.S. monetary stimulus. "Copper is looking weak from a supply and demand perspective," said a metals trader...
SYDNEY/ LONDON Oct 20- As metals executives fly into London for the industry's most glamorous week, its best years may be over as sinking metals prices and rising costs tear holes in budgets, and the industry epicentre heads east. For decades, heavyweights in the metals business have met in London each October to hammer out the ensuing year's terms of trade, based...
*Copper unable to build on higher finish on Friday. Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market. "Copper is looking weak from a supply and demand perspective," said a metals trader in Sydney.
SYDNEY, Oct 20- London copper inched down on Monday after climbing in the last session from its lowest in around six months, hit by worries over the end of U.S. stimulus. *The Thomson Reuters/ University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. *In nickel markets, Brazil's Vale SA sees a...
The FDA said Friday that Pfizer Inc.' s Embeda can have labeling indicating that it has properties expected to reduce abuse of the drug when it is crushed and taken orally or snorted. The FDA has been under intense public pressure to combat the national epidemic of prescription opioid abuse. Embeda is the third extended-release opioid to be approved with...
Barrick Gold Corp. fell$. 37 or 2.7 percent, to $13.41. Gold Fields fell$. 18 or 4.7 percent, to $3.69. Newmont Mining Corp. fell$. 32 or 1.4 percent, to $22.40.
NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose $1.29 or 2.9 percent, to $46.05. DuPont Co. rose$. 75 or 1.1 percent, to $66.98.
Hecla Mining Co. fell$. 15 or 5.9 percent, to $2.39. Pan American Silver Corp. fell$. 43 or 3.9 percent, to $10.55. Silver Standard Resources Inc. fell$. 28 or 4.8 percent, to $5.56.
Arch Coal fell$. 26 or 11.7 percent, to $1.97. Consol Energy Inc. rose$. 27 or. 8 percent, to $34.78. Peabody Energy fell$. 26 or 2.3 percent, to $11.03.
Oct 17- Cliffs Natural Resources Inc said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent. We believe this will result in higher interest rate on revolver borrowings going forward, " FBR Capital Markets analysts wrote in a note.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 24 or 1.7 percent, to $13.54. Newmont Mining Corp. fell$. 09 or. 4 percent, to $22.63.
Hecla Mining Co. fell$. 05 or 2.0 percent, to $2.49. Pan American Silver Corp. fell$. 30 or 2.7 percent, to $10.68. Silver Standard Resources Inc. fell$. 12 or 2.1 percent, to $5.72.
Arch Coal fell$. 21 or 9.5 percent, to $2.02. Consol Energy Inc. rose$. 18 or. 5 percent, to $34.69. Peabody Energy fell$. 40 or 3.5 percent, to $10.89.
NEW YORK— Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose $1.15 or 2.6 percent, to $45.91. DuPont Co. rose$. 99 or 1.5 percent, to $67.22.
*Platinum, palladium recover after sharp losses. NEW YORK/ LONDON, Oct 17- Gold dropped on Friday as U.S. equities rebounded but was still set for a second straight weekly gain as concerns over the global economy have raised speculation that the U.S. "Gold has had a good week because just about everything else has had a bad week," Macquarie analyst Matthew Turner said.
LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 16 or 1.2 percent, to $13.62. Newmont Mining Corp. fell$. 17 or. 7 percent, to $22.55.
Hecla Mining Co. fell$. 02 or. 8 percent, to $2.52. Pan American Silver Corp. rose$. 03 or. 3 percent, to $11.01. Silver Standard Resources Inc. fell$. 10 or 1.7 percent, to $5.74.
NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose $1.34 or 3.0 percent, to $46.10. DuPont Co. rose$. 62 or. 9 percent, to $66.85.
Arch Coal fell$. 03 or 1.3 percent, to $2.20. Consol Energy Inc. rose$. 39 or 1.1 percent, to $34.90. Peabody Energy rose$. 10 or. 9 percent, to $11.39.
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