Oil – Reuters reported that the price of oil went up on Friday after U.S. Republican leaders of the House of Representatives confirmed that they would seek to put an end to the budget impasse next week.
Articles Tagged "dow jones"
Silver – Silver’s price slipped on the day, but a looming economic slowdown may support the metal. Silver Investing News spoke with William Rhind Managing Director of ETF Securities, about the recent market volatility and the effect on the price of silver.
Iron Investing News reports price of iron sees volatility in the markets. According to Deutsche Bank AG, the annual iron price benchmark contract system may be scrapped as producers seek individual arrangements. Peter O’Connor analyst of Deutsche said that “The stress on the benchmark system has never been greater. There’s been a 50 per cent increase [...]
Coal Investing News reports coal stocks have been hit pretty hard with this global recession. Coal stocks at Qinhuangdao, China’s top coal shipping port, however, climbed 13 per cent on the week, to 5.5 million tonnes, as more coal arrived than was shipped out. According to Reuters calculation based on the data a total of 265 [...]
Palladium Investing News reports spot market for palladium remained unchanged on NYMEX after the markets rallied. Palladium is currently trading for a bid/ask price of $197.00/205.00: this is unchanged from October 13.08, when the Dow Jones climbed 936 points. The Dow Jones ceased its dizzying climb today as investors stepped back: Ed Yardeni, who performs investment strategy [...]
Zinc Investing News reports there is positive developments with zinc and lead prices this week. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment. For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to the Resource Investing Newsletter.
Lead Investing News reports lead prices are stable on the London Metal Exchange (LME) though the Dow Jones fell 700 points. Investors raced to unload stocks as widespread fears about the current financial crisis continued. Lead is currently priced at 0.7406 (low) to 0.7497 (high), with no changes over yesterday’s spot prices. For complete story, click [...]
Palladium Investing News reports the recent credit crunch will slow down the use of palladium in industrial production. Traditionally, investors feel safe buying precious metals when faced with uncertain stock market conditions, but the latest crisis in world markets have caused a ripple of sell-offs as nervous investors fear monetary losses : even “safe” commodities [...]
Palladium Investing News reports with the stall in the US$700 billion dollar bail-out plan, prices of palladium have fallen with the rise in US dollar. The US dollar saw an amazing rise on world markets today, probably due to a second bailout plan, which may succeed in being passed through Congress in the near future. [...]
Silver Investing News reports silver price and the reaction to the financial bail-out plan. Those in the financial community have dubbed September 29, as ‘Black Monday’. It certainly was a dark day on Wall Street as the stock market tanked to unheard of lows in reaction to the House’s 228-205 rejection of Paulson’s US$700 billion bailout plan. [...]