Diamond – The Telegraph reported that a rare, 5.3-carat blue diamond sold for 6.2 million pounds (about US$9.6 million) at an auction in London, setting a world record. It had been estimated to sell for around 1.5 million pounds.
Articles Tagged "London"
Iron – Bloomberg reported that the iron ore market will be able to prevent near-term supply surplus due to high demand from China, according to Investec Securities.
Tin – Reuters reported that tin fell close to 7% in the London Metal Exchange on a disappointing Chinese economic data.
Zinc – Bloomberg reported that zinc declined 0.8% in London as an increase in unemployment in Germany stoked concern that the debt crisis in Europe is affecting regional economies.
Gold – The CFTC is reportedly discussing manipulation of London gold and silver prices.
Tin – Bloomberg reported that tin is leading other industrial metals in decline, on concerns that Chinese demand may not be sufficient, with its government likely to introduce ways to lower property prices.
Nickel – Bloomberg reported that nickel fell in London as LME data shows stockpiles have climbed 7.8% this year, and may leave ample supplies.
Oil – Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Tin – Bloomberg reported that tin rose in London on positive forecast on the U.S. stimulus until the first quarter of 2014.
Platinum – Reuters reported that spot platinum reached its highest in a month, outperforming gold as China’s export growth rebounded.