02/29/2012

Absa cuts African precious metals sector to negative

South African platinum producers face the dual challenges of sustained high levels of unit cost inflation and weak metal prices, Absa said, cutting its price target on Impala Platinum, Anglo American Platinum and Northam Platinum.

02/27/2012

‘Gold prices may hit $5,000’

The metal may trade between $1,500 and $2,500 this year, ending 2012 at about $2,250, Christopher Wyke, London-based product manager for emerging-market debt, commodity and currency funds, said at a briefing in Singapore.

02/17/2012

China set to become biggest gold market

India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.