Attention is focused on gold, but a much steeper price slide in industrial commodities will benefit importing nations and hurt producing nations.
As can be seen from the table, prices of copper, aluminium, nickel, lead and zinc have crumbled … Read the rest
In September Federal Reserve Board chairman Ben Bernanke’s Jackson Hole speech caused gold and silver to break out of their long-standing respective trading ranges of US$1,550-1,640 and US$27-29 an ounce.
At the time dealers noticed that there was a slight … Read the rest
Good news for the global economy at last. Commodity prices from gold and oil to copper and cotton have fallen sharply from their peaks this year and will help manufacturers and importers.
The decline will unnerve producers in Australia, Canada, … Read the rest
The gold market surge is encouraging individuals in the US, Europe and Asia to trade in their jewellery.
Several jewellers report that there could eventually be a shortage of quality antique and vintage jewellery if the selling continues. Growing quantities … Read the rest