SHANGHAI (Reuters) - China giving HSBC Holdings Plc entry to its gold futures market, a first for a foreign bank, is likely a harbinger of a further opening to local and overseas institutions to trade the precious metal. For the Shanghai Futures Exchange, which has received tepid interest in its gold futures, having HSBC as a trading member is arguably one of the best endorsements to show that it will play a larger role in China's booming gold market. That process in turn will enhance the lagging role of futures in Shanghai's gold market - an essential component to its hopes of becoming a major gold trading center on a par with London and New York.
SINGAPORE (HedgeWorld.com) - With wedding bells ringing in India and China, investors looking to benefit from the growing physical demand for gold over the next six months now have a cost effective way of owning the precious metal. streetTRACKS Gold Shares will list on the Singapore Exchange (SGX) on Oct. 11, becoming the first gold-backed exchange-traded fund to be listed in Asia.
...The law creates a depository for precious metal coins that consumers can use in exchange for...
Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal. An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. Gold later slipped to $898.70 an ounce on profit-taking but remained in record territory. "It's a reflection of market sentiment: Gold is a hedge against uncertainty and right now it's the best bet," said Carlos Sanchez, a precious metals analyst at CPM Group in New York. Still, when adjusted for inflation, gold remains well below its all-time high. An ounce of gold at $875 in 1980 would be worth $2,115 to $2,200 today. Ho...
...: ETF Securities AUM in all 7 physical precious metal Exchange Traded Products (ETPs) now stands a...
NEW YORK (AP) -- Gold futures briefly rose above $900 an ounce -- an all-time high -- before pulling back Friday as growing worries of a U.S. recession prompted uneasy investors to keep buying the precious metal. An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. The precious metal later fell on profit-taking but still ended $4.10 higher to settle at $897.70 an ounce, a new closing record.
..., along with unfavorable foreign currency exchange rate movements, reduced our gross margin from the ... and changes in raw material and precious metal costs;. * exchange rate fluctuations;. * dep...
FORT LEE, N.J., Dec. 14, 2010 /PRNewswire/ -- The National Inflation Association - http://inflation.us - today released the following article to its members: There were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it. According to the Financial Times in London, "JPMorgan has quietly reduced a large position in the US silver futures market which had been at the centre of a controversy about its impact on global prices for the precious metal." According to a person familiar with the matter, "The decision by JPMorgan was an attempt to deflect public criticism of the bank's dealings in silver." JP Morgan said in a statement, "It is absolutely incorrect to say or imply that the Nymex, CFTC or any other ...
...Higher pass-through metal prices accounted for approximately $26.0 million o..., thin film optics and refining of precious metals contributed to the strong sales for both th...), metal financing fees, tax rates, exchange rates, pension costs and required cash contributio...
... Phone: 604-685-1870 Fax: 604-685-8045 Full Metal Minerals Ltd. Michael Williams, 1500-409 Granville..., Phone: 604-682-2168 Fax: 604-682-2169 Precious Metals, Zinc, Base Metals, Lead, Copper, Silver Re...: Millrock is an Alaska-based TSX Venture Exchange and OTC.QX Exchange listed company focused on gene...
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