Despite protestations to the contrary, US monetary policy does affect commodities
Mineweb reports that whether Fed Chairman Ben Bernanke admits it or not, commodity prices have been given a significant leg up by U.S. monetary policies.
Mineweb reports that whether Fed Chairman Ben Bernanke admits it or not, commodity prices have been given a significant leg up by U.S. monetary policies.
Canadian Arrow Mines, Ltd. (CVE:CRO reports it has received an updated mineral resource estimate for its Alexo and Kelex nickel project located in Ontario, Canada.
The Sydney Morning Herald reports US gold futures rose as investors sought to hedge growing inflation risks and bought into a broad commodities rally.
International Business Times reports that overnight losses in the US dollar caused at least two Asian central banks to intervene in the currency market.
Reuters Africa reports that Norilsk Nickel (LON:MNOD) will become a joint holding company.
International Business Times reports that the metals market is mixed today, with copper being hit hard on a story from the FT that copper is being used as collateral.
The Business Insider suggest that the destructive Japanese tsunami may have left some investment pearls in its wake.
CNBC reports indexes are up for all global commodities including gold, platinum and palladium.
Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Palladium’s gains were snapped last Friday as the greenback rallied. The precious metal came under pressure as a study from the University of Michigan showed an unexpected increase in consumer confidence. This reduced the metals “safe-haven” appeal.
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