Good Reads
Central banks ‘scoop up a load’ of gold in bumpy first quarter
Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous quarter, according to estimates from the World Gold Council, an industry body. Poland, Uzbekistan and China were the largest reported buyers, although some other purchases were undeclared. Read on »
Gold gains more than 2% but on track for second straight monthly decline
A little reprieve in the acceleration in energy prices and the dollar falling on Japanese officials signaling possible currency intervention benefited the gold market today, said David Meger, director of metals trading at High Ridge Futures. Read on »
Copper and silver miner Lumina shares slip after Toronto IPO
Lumina Metals Corp. shares fell 2% after the Canadian company and one of its shareholders raised $406.2 million in an initial public offering. Shares of the copper and silver mining company traded at $12.35 on Thursday as of 11:28 a.m. in Toronto, below an IPO price of $12.50. The stock wavered in morning trading after opening at $12.60 per share. Read on »
Community News
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Tungsten Just Hit a 90-Year High * Link>>
Glencore first-quarter copper output jumps 19% Link>>
The Largest Oil Supply Disruption in History Link>>
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