FXstreet.com – Spot gold dropped about $80 last week as risk aversion fuelled Dollar strength, and the precious metal retreated from $1,125 high on Feb 3 to $1,043, 3-month low on Friday, to pick up on Monday’s European session, reaching session hi

A massive blast blew apart a power plant as workers building it purged natural gas lines, killing at least five people and injuring a dozen or more. The blast at the Kleen Energy Systems plant in Middletown, Connecticut, shook homes for

Feb. 8 (Bloomberg) — Stocks and U.S. index futures rose, rebounding from the worst week in 11 months, as European finance ministers expressed confidence in Greece’s plans to cut Europe’s biggest deficit. Commodities and currencies of raw-material

Shares in miners were up this morning, boosting the FTSE 100 into positive territory, after both Xstrata and Randgold Resources published their full year results and promised good dividends. Xstrata saw its revenue decline 16 per cent to $23.5 billion in

LONDON – Mining group Xstrata reinstated a dividend amid a bullish outlook for metals demand after posting a 41 percent fall in 2009 profit on Monday, in line with expectations. A logo of the Swiss mining company Xstrata is shown at their headquarters in

VANCOUVER, B.C. – Four Canadian mining companies have agreed to combine their silver assets into a new company called Silver Predator Mines Inc. Included in the share-swap agreement are Golden Predator Royalty & Development Corp. (TSX:GPD) and Strategic

TORONTO, Feb. 8 /PRNewswire/ – The Canadian Auto Workers union (CAW) is calling on the Canadian federal and provincial governments to thoroughly investigate international mining giant Xstrata, including the reason for closing its Timmins Kidd

(RTTNews) – European stocks are seen opening higher on Monday after Wall Street ended a lackluster session moderately higher Friday. Crude oil prices rebounded from seven-week lows in Asian trading Monday, spurred by bargain-hunting amid heightened

(Richmond Times-Dispatch – McClatchy-Tribune Information Services via COMTEX News Network) — METRO Dungee, Mr. Ralph Lester, 72, of Richmond, husband of Genta ‘Blanche’ Dungee. France, Mrs. Mary Lena, 85, of Richmond. Fue, Ms. Mary Joe Smith, of

The FTSE 100 is seen 20 points, or about 0.4% higher today following a recovery on Wall Street, where the main indexes ended the day on positive territory after a sharp early decline. The markets bounced back after Thursdays huge selloff triggered by a

In the FTSE 100, gold miner Randgold Resources (LSE: RRS) said 2009 profits increased from US$47 million for the previous year to US$84.3 million as Q4 profit soared 185% year on year to US$38.7 million. Miner Xstrata (LSE: XTA) also reported on its full

Gold prices are expected to be vulnerable this week and a price decline toward $1,020 or even $1,000 is possible. Gold managed to hold up above support at $1,050 late last week, but this level may not hold this week given the recent short-term focused

A strengthening U.S. dollar weighed heavily on commodities prices last week. There also was another bout of rising concern over demand prospects for commodities. Short-term oriented selling helped push many commodities prices lower. Gold, silver, and oil

Last week, Copper prices opened the week at 310.50 initially moved higher and as expected found strong resistance at 319.45 levels. Later prices fell sharply lower breaking both the supports, made a low of 290.90 and finally ended the week with a loss of

Last week, Silver prices opened the week at 25560 initially moved sharply higher, but found strong resistance at 26340 levels. Later prices fell sharply lower breaking both the supports, made a low of 23610 and finally ended the week with a huge loss of

Last week, Gold prices opened the week at 16292 initially moved sharply higher, breaking both the resistances, but finally found strong resistance at 16815 levels. Later prices fell sharply lower, breaking both the supports, made a low of 15963 and

Commodity prices slump on dollar strength Prices of international commodities slumped sharply in the last week as strength in the US dollar put pressure on prices. A stronger dollar makes dollar denominated commodities look expensive and unattractive for

Sovereign debt fears rules the markets. The early February rally was brutally halted as renewed dollar strength and growing strains in sovereign debt markets weighed on sentiment and prices. On Thursday Portuguese and Spanish stocks suffered their

Feb. 8 (Bloomberg) — Xstrata Plc, the largest exporter of coal used for power, rose the most in more than two months in London trading as earnings exceeded analyst estimates. The stock gained as much as 5.8 percent, the biggest jump since Dec. 1, after

LONDON (Reuters) – Mining group Xstrata reinstated dividends on Monday citing an encouraging outlook for commodities demand in the medium term after posting an expected 41 percent fall in 2009 profit on weaker metals prices. ‘Robust economic growth and