JOHANNESBURG, Aug 27- South Africa- focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. Lonmin said its unaudited cash costs were at 10,499 rand per PGM ounce at the end of July on a year-to-date basis and are...» Read More
Indian jewelry retailer Gitanjali has launched the world’s first gold and diamond ATM machine, adding the gems to its offering of precious metals vending machines as it seeks to capitalize on the craze for jewelry in India.
Sandy Jadeja, chief technical analyst at City Index, joined CNBC for a technical look at the FTSE 100, NYMEX crude oil, and gold.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Africa share valuations are compelling and the region is ripe for investment, Graham Stock, chief strategist at Insparo Asset Management, told CNBC Thursday.
"Now is absolutely the right time to invest in Africa. We are talking about price-earning ratios in the low single digits in some cases. There are some very attractive opportunities across a wide range of countries," Graham Stock, chief strategist at Insparo Asset Management, told CNBC.
This mining company is the perfect example of why 2011 will not be like 2008, the “Mad Money” host says.
Cramer says investors may want to give the mining company a second look because the Freeport McMoRan of today is a completely different company from 2008: it has a healthier balance sheet, bigger cash flows, and a better production profile.
Goldman Sachs analysts cut their outlook for the price of Brent oil and for copper going into 2012, saying that they see "a flatter upward trajectory for commodity prices, with increasing risks to both the up and the downside."
Commodities markets have become increasingly popular with investors in recent years as they have embarked on what many believe to be just the start of a secular bull market – or super-cycle. If they are correct, commodities’ run will last for another decade or more as the global economy rebalances towards emerging markets like China and Brazil.
James West, The Midas Letter, weighs in on the drop in gold prices and how long the sell-off will last.
Gold's recent sell-off belies its long term attractiveness and investors should avoid the panic and stay faithful to the precious metal, Dominic Schnider, Commodities expert at UBS Wealth Management told CNBC Thursday.
Lou Grasso, Millennium futures trader has the details on the pop in the precious metal.
Marc Faber, author of the Gloom, Boom and Doom Report, tells CNBC that he thinks gold could fall to $1,100 an ounce by the end of the ongoing sell-off
The London Metal Exchange on Friday became the latest exchange to be swept up in consolidation when it said it had “received several expressions of interest with regard to potential strategic transactions”. The FT reports.
European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. The FT reports.
The “Mad Money” host explains why it has more to do with politics than economics.
Charting the market for signs of technical weakness, with Chris Verrone, Strategas Research Partners, who says he sees early signs of exhaustion in the rally, and takes a look at where gold is headed.