Page 983 - Commodity News
Gold to trade in narrow range on lack of supportive fundamentals
In dollar terms, gold prices fell by 5.3% to close the week at $1,403 an oz from the level of $1,483 an oz on April 12
 "Gold to trade in narrow range on lack of supportive fundamentals")
Gold surges 1% on global cues, spot demand
At the spot markets, gold reclaimed Rs 27,000 level with prices rising by a whopping Rs 500 to trade at Rs 27,100 per 10 gm
 "Gold surges 1% on global cues, spot demand")
Copper below $7,000, heading for worst week since 2011
Prices have lost almost six per cent so far this week and are now down by nearly 12 per cent on the year
 "Copper below $7,000, heading for worst week since 2011")
Verdict not to hit Odisha mines
Despite the closure of many mines, iron ore output of the state was above 60 million tonnes till 2010-11
 "Verdict not to hit Odisha mines")
 "Odisha awaits CEC directive to roll out e-auction")
Light at end of the tunnel with SC order
Various legal hurdles still for permitted mines to resume operations but pall of gloom on the sector seems to have lifted; about 15 mt of supply possible in FY14
 "Light at end of the tunnel with SC order")
 "FMC awaits reports on guar futures")
Gold rebounds with rise in demand
Jewellers say demand is up as consumers feel the current price is a good level to buy
 "Gold rebounds with rise in demand")
 "Cheaper crude oil soothes India Inc's nerves")
Gold prices expected to rebound, says PHD Chamber
After crashing by Rs 3,250 in the last four days, gold prices recovered to Rs 26,600 in the national capital yesterday
 "Gold prices expected to rebound, says PHD Chamber")
Slump in gold price releases years of pent-up retail demand
The price decline in the past week, the steepest in 30 years, has tarnished gold's appeal for the portfolio investors whose money had fuelled a 12-year bull run
Speculators in futures mkts caused gold price crash: WGC
Lower prices boosted demand for the precious metal from India and China to the US, Japan and Europe, while supply remains constrained as there is already shortages of bars and coins in Dubai
India's gold pawn business stumbles as metal skids
ndia is the biggest importer of gold in the world. Jewellery made of the metal is an essential part of the dowry Indian parents give to their daughters at weddings.
Iron ore prices to stay firm
SC judgment will add to supplies of the key raw material for steel industry in Karnataka
Govt cuts tariff value of gold, silver
It has reduced the import tariff value of precious metals following high price volatility in gold and silver in the global market
Sugar mill byproducts to attract more investment
The sentiment has changed due to partial decontrol in sugar sales, high ethanol prices
 "Sugar mill byproducts to attract more investment")
Demand, prices looking up for cotton yarn
The Yarn Advisory Board estimates output would be 4,000 mn kg this year as compared to 3,400 mn kg last year
 "Demand, prices looking up for cotton yarn")