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Metals and Mining Precious Metals and Mining

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  • Downside risk for gold: Strategist Tuesday, 21 Jul 2015 | 5:10 AM ET
    Downside risk for gold: Strategist

    Lynnden Branigan, technical strategist at Barclays, gives a technical overview on gold and how far it may fall.

  • UK shares sag despite rebound in mining sector Tuesday, 21 Jul 2015 | 5:03 AM ET

    *UK public finances improve less than expected. LONDON, July 21- UK shares slipped early on Tuesday as a rebound for gold miners after a hammering in the previous session failed to offset a fairly mixed set of corporate results and lingering concern over commodity price falls. While receding fears around Greece have helped UK and European stocks rally in recent...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- What does gold have in common with iron ore and coal? The broad picture for gold is that since the spot price reached its peak of $1,920.30 an ounce in September 2011, demand has dropped as supply has risen.

  • Commodities tomorrow: Crude cracks $50 Monday, 20 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Crude cracks $50

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Gold's tumble poses problems for debt-laden Barrick Monday, 20 Jul 2015 | 12:59 PM ET

    TORONTO, July 20- The plunging gold price poses more challenges for Barrick Gold, the world's largest gold producer, which is already shopping its assets and raising money to try to trim debt levels that stand well above those of its North American peers. Gold fell below the $1,100 for the first since March 2010 on Monday as the U.S. dollar continued to strengthen in...

  • *Gold prices hit five-year lows, platinum slumps. *Randgold Resources down 4.5 pct, Fresnillo down 4.3 pct. LONDON, July 20- A steep sell-off in shares of gold miners, tracking a plunge in the metal's price, wiped out more than $8 billion from their combined market value on Monday and pushed a global index of gold stocks to a 6-1/ 2- year low.

  • Trade it: Miners Monday, 20 Jul 2015 | 12:27 PM ET
    Trade it: Miners

    The Fast Money traders discuss whether it's time to "bottom fish" in mining stocks.

  • South African shares rise despite gold price slump Monday, 20 Jul 2015 | 12:13 PM ET

    Gold Fields and Harmony Gold both also shed more than 9 percent, while Sibanye Gold fell 10.62 percent to 17.50 rand, its lowest level in 18 months. Platinum last week dropped below $1,000 per ounce for the first time since the financial crisis. Anglo American Platinum was down 3.54 percent at 259.49 rand, while Lonmin shed 4.84 percent.

  • JOHANNESBURG, July 20- South Africa's Mines Minister appealed for calm on Monday after protests around the town of Steelpoort, on the eastern edge of the platinum belt, disrupted mining operations in the area. South Africa's mining industry has been rocked over the past three years by periodic outbreaks of violence and labour unrest about pay and conditions.

  • Investors had their eye on company earnings news after weeks of fretting over Greece's debt crisis and a steep slide in China's stock market. "We're focused on earnings and they're coming in better," said Quincy Krosby, a market strategist at Prudential Financial. Gold slumped to its lowest level in five years, pulling mining stocks lower.

  • *Platinum price hits 6 year low, complicating divestment. JOHANNESBURG, July 20- Tumbling metals prices are delaying Anglo American Platinum's plan to divest its labour-intensive Rustenburg and Union operations, with the South African miner yet to decide between a sale or flotation, it said on Monday. Amplats' chief executive Chris Griffith said an initial...

  • *Asian share markets mostly lower, Japan on holiday. SYDNEY, July 20- The U.S dollar held firm in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold slumped to five-year lows as a lack of global inflation left little to hedge against. The precious metal ran into a wave of selling in Asia that drove it down almost 4...

  • TORONTO/ VANCOUVER, July 20- As if slumping commodity prices and unhappy shareholders were not enough, global mining companies are also facing a looming succession crisis. "There is a shortage of potential CEOs because the industry doesn't invest in people," said Mark Bristow, the 56- year-old Chief Executive of mid-tier gold miner Randgold Resources.

  • *Gold falls to weakest since March 2010. *Platinum, palladium also plunge to multi-year lows. MANILA, July 20- Gold plunged 4 percent to its lowest in more than five years on Monday with platinum also sinking 5 percent to its weakest since 2009 as investors sold the precious metals on the outlook for the U.S. dollar.

  • MANILA, July 20- Gold plunged 4 percent to its lowest in more than five years on Monday with platinum also sinking 5 percent to its weakest since 2009 as investors sold off precious metals. Spot gold was down 2.8 percent at $1,102.40 an ounce by 0150 GMT after falling as far as $1,088.05, the lowest since March 2010. Platinum lost as much as 5 percent to $942.49 an ounce,...

  • *Gold headed towards fourth weekly fall. LONDON, July 17- Gold fell more than 1 percent to its lowest in five years on Friday, pressured by a strong dollar and U.S. data that increased bets on a Federal Reserve rate increase this year, while platinum hit lows not seen in more than six years. Platinum broke below $1,000 an ounce for the first time since early 2009 due to...

  • *Gold headed towards fourth weekly fall. LONDON, July 17- Gold fell close to its lowest level in eight months on Friday pressured by a strong dollar and increasing bets on a Federal Reserve rate rise this year while platinum hit lows not seen in more than six years. "Platinum is suffering from low liquidity and the kind of storm has been facing in the past few weeks has...

  • *Gold falls for fourth session as dollar rises on Fed. *Platinum slides to 6-1/ 2- year low at $1,000.25/ oz. NEW YORK/ LONDON, July 16- Gold fell to an eight-month low on Thursday after the U.S.

  • Commodities tomorrow: Dollar drives oil down Thursday, 16 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Dollar drives oil down

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • July 15- A project financing agreement for the underground expansion of Oyu Tolgoi, a massive copper and gold mine in Mongolia, is expected to be signed by year end, mine owner Rio Tinto's Turquoise Hill Resources unit said on Wednesday. Gold concentrate production was 238,000 ounces, more than double the 113,000 ounces in the second quarter of 2014..