Your Money: How high can gold go? How best to hold it? Questions on gold investment answeredOctober 12th, 2009 Gold has shown its mettle, but how high can it go?Gold's image may be changing as its price settles in above $1,000 an ounce and continues to set records. The conventional view sees the shiny metal as often-reliable protection in tough economic times and a long-term hedge against inflation and a weakening dollar, since its price tends to rise at the same time.
Gold, other metals extend recent gains as dollar falls, silver hits 15-month highOctober 12th, 2009 Gold, other metals gain ground as dollar fallsNEW YORK — Gold and other metals gained ground Monday as both the dollar and the British pound weakened. Gold closed above the $1,000 level for the ninth day in a row, adding $8.90 to $1,057.50 an ounce on the New York Mercantile Exchange.
Stillwater Mining says meeting fails to persuade GM to resume precious metals contractAugust 19th, 2009 Stillwater: GM not reconsidering metals contractCOLUMBUS, Mont. — Stillwater Mining Co.
Metals prices mixed as investors weigh dollar weakness, concerns about China; oil surgesAugust 19th, 2009 Metals mixed, oil surges on drop in inventoriesNEW YORK — Prices for metals were mixed Wednesday, with gold getting some support from a slightly weaker dollar, and other metals falling on concerns over a potential drop in demand from China. Gold for December delivery added $5.60 to $944.80 an ounce on the New York Mercantile Exchange, as the dollar slid against the Japanese yen and the British pound.
Mont. governor says General Motors will return to bargaining table with Stillwater Mining Co.August 6th, 2009 Mont. governor says GM-Stillwater talks to resumeBILLINGS, Mont. — General Motors Co.
Congressman wants hearing on GM's cancellation of metals contract with Montana mining companyJuly 28th, 2009 Mont. lawmaker seeks hearing on GM mining contractBILLINGS, Mont. — A Montana congressman wants a hearing into General Motors Co.'s continued use of foreign precious metals suppliers after canceling a contract with a Montana company.
Judge says GM can drop Montana mine in favor of foreign suppliers for precious metalsJuly 22nd, 2009 Judge OKs GM's move to drop Montana mine contractBILLINGS, Mont. — A federal bankruptcy judge granted General Motors Co.
General Motors drops Montana mine in favor of foreign suppliers for precious metalsJuly 22nd, 2009 GM drops Mont. mine in favor of foreign metalsBILLINGS, Mont.
Anglo American names Sir John Parker as chairmanJuly 10th, 2009 Mining major Anglo American picks Sir John Parker as chairman
LONDON — Mining company Anglo American PLC said Friday that Sir John Parker has been chosen as its next chairman of the board, resisting pressure from the South African government to appoint a black executive. Parker, whose appointment is effective on Aug.
Montana gov blasts General Motors' plan to get platinum for catalytic converters from overseasJuly 10th, 2009 Montana gov blasts GM mine contract cancellationBILLINGS, Mont. — Gov. Brian Schweitzer is calling on the Obama administration to force General Motors to honor its contract with a Montana mining company instead of going overseas to buy the precious metals used to control vehicle pollution.
Precious metals slightly lower amid early gains in dollar against euro; oil jumpsJune 29th, 2009 Precious metals slip, oil ralliesNEW YORK — Precious metals finished a choppy session slightly lower Monday as the dollar showed some early strength against the euro. Energy prices climbed after a militant attack on an oil platform in Nigeria, Africa's biggest crude producer.
Gold, other precious metals rise as dollar falls; other commodities mixed on economic worriesJune 16th, 2009 Gold prices inch higher as dollar fallsNEW YORK — Precious metals pushed higher Tuesday as the dollar lost some of its recent footing against other major currencies. Oil and base metals finished lower following a bleak report on industrial production.
GM bankruptcy closely watched by provider of precious metals for cars Stillwater MiningJune 2nd, 2009 GM bankruptcy watched by Stillwater MiningBILLINGS, Mont. — An official at Stillwater Mining Co., which sells platinum and palladium for use in automobiles' catalytic converters, says the company is monitoring the General Motors bankruptcy to see if Stillwater-GM contracts will be honored.
Dollar and precious metals at a glanceApril 23rd, 2009 Dollar and precious metals at a glanceNEW YORK — Key currency exchange rates Monday, compared with late Friday in New York:
Dollar vs:ExchangeRatePvsDayYen89.8489.84Euro$1.4776$1.4709Pound$1.5786$1.5835Swiss franc1.02711.0322Canadian dollar1.03571.0441Mexican peso13.221013.2640
MetalPrice(troyoz.)PvsDayNY Merc Gold$1056.70$1047.80NY HSBC Bank US$1056.00$1047.00NY Merc Silver$17.805$17.675
Australia approves Chinese bid for Oz Minerals assets with conditions attachedApril 23rd, 2009 Australia approves Chinese bid for Oz MineralsCANBERRA, Australia — China's Minmetals won Australian government approval Thursday to buy most of miner Oz Minerals' operations in a deal that excludes a mine in a sensitive military area. Minmetals promised to use mostly Australian managers and to expand production at some sites as conditions of the 1.7 billion Australian dollar ($1.2 billion) purchase, Treasure Wayne Swan said in a statement announcing the approval.
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