*Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...» Read More
Gold, grains and palladium on upswing.
CNBC's Mary Thompson reports traders are calling today "a quiet session" for metals which may have been driven by a strengthening dollar after the Greek debt deal.
Ric Spooner, Chief Market Analyst, CMC Markets says the underlying fundamentals for precious metals look good. He adds that good growth in the auto industry could help lift platinum prices.
Some traders say part of today's sell-off in the gold market was due to margin pressure in other asset classes, reports CNBC's Sharon Epperson.
Industrial commodities are lower as fiscal cliff fears loom, reports CNBC's Sharon Epperson.
Rich Ilczyszyn, iiTrader.com chief market strategist, discusses whether a gold selloff will spark liquidation.
Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.
A wireless conference may be the last place you'd expect to see a precious metals refinery company, but precious metals are prevalent in cellular devices and once stripped down, those metals can be cashed in.
Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline.
CNBC's Sharon Epperson reports on which metal is outperforming the others.
Corn, energy and some industrial metals look particularly well positioned for gains in the year ahead, thanks to tight inventory levels and potential supply shocks.
In targeting the most promising subsectors or individual commodities, consider platinum, palladium, copper and corn.
Precious metals are being hit hard Wednesday—gold, silver, platinum and palladium all caught in the wave of selling.
From the popular precious metals gold and silver, to more niche plays like copper, palladium, and platinum, which metal will be the best investment going forward?
With the price of gold soaring to record levels, the precious metal has become that much more dear. Where and how should gold buyers store their bullion and coins?
The dollar is rising and gold has been gaining too. What's going on? The greenback and gold are usually inversely correlated, so when the dollar goes up, gold goes down and vice versa. But not today—and that highlights the gravity of sovereign debt concerns and worries about the value global currencies, not just the greenback.
With silver prices tumbling for a third straight session, traders are questioning if its record-breaking rally in recent months is finally over.
"Investors are looking at what the news is and they're reacting to it, and the reaction isn't necessarily a healthy one at all times," says one market pro.