Gold output has peaked in this commodities cycle, according to mining industry leaders and analysts, the Financial Times reports.
JOHANNESBURG, Dec 21- South Africa's rand firmed on Monday in thin holiday season trade, extending modest gains notched up since calm returned to markets after the fallout over the hiring and firing of finance ministers last week. "Should there be no more market-moving shocks from government the rand should bed down over year-end, and limited movement should...
Wall Street movers
MELBOURNE, Nov 19- Gold prices revived on Thursday from their lowest in more than five years the previous session as the dollar fell back, releasing its stranglehold on commodities and making gold more affordable for buyers paying with other currencies. "I'm convinced that the start of the cycle will see relative dollar weakness as investor money flows into...
*Platinum's prospects now as poor as gold. *Platinum price less than half 2008 peak. Platinum producers Lonmin and Anglo American Platinum are also planning to cut jobs and the government has held meetings with companies and unions to try and prevent widespread lay-offs.
*AngloGold Ashanti drops to 38 on Top-40 index. JOHANNESBURG, Oct 5- The Johannesburg stock market, the capitalist heart of South Africa's' City of Gold', is close to relegating the last bullion producer in its bluechip index, the latest sign of the precious metal losing its place in an economy it once dominated. In its latest quarterly review of stocks on its...
U.S. stocks closed down in low volume trade on Tuesday, pressured by weakness abroad and a sharp decline in the utilities sector.
Take a look at some of Tuesday's midday movers:
Gold represents a smart hedge in an uncertain global investment climate, First Eagle's Matt McLennan says.
The "Fast Money" traders share their final trades of the day.
Gold rose 1.9 percent on Friday, nearing $1,400 an ounce, as a big drop in US new home sales renewed hopes that the Fed will maintain its bond-buying economic stimulus.
U.S. stock index futures pointed to a higher open on Friday as the global risk-on rally regained strength in early trade in Asia and Europe.
Check out which companies are making headlines before the bell Friday:
Flash crash in Germany? Well, not quite.
Stocks finished near session highs Tuesday, recovering losses from their biggest one-day drop this year, boosted by a batch of upbeat earnings results and some better-than-expected economic reports.
In an investor briefing to be distributed late Tuesday or Wednesday, John Paulson will reveal that his gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers.
Hedge fund giant John Paulson's tough track record in 2012 is spilling over into the gold market because his rivals are going after him, an industry watcher told CNBC.
*One miner injured; workers want wage rises to match Lonmin. RUSTENBURG, South Africa, Oct 30- South African police fired rubber bullets and teargas on Tuesday at striking Amplats miners who were protesting against a union-brokered deal to end a six-week wildcat walkout at the top platinum producer.
*National Union of Mineworkers accepts gold industry offer. JOHANNESBURG, Oct 25- South Africa's gold mines agreed a wage deal with unions on Thursday as the bulk of the gold sector's striking miners returned to work under threat of dismissal.