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Mon, 09 Nov 2009 | 23:52 GMT
 
Top Commodities News

  • Gold Price Hits Record High As Dollar Wanes


    Gold prices hit a record above 1,100 dollars on Monday with the dollar weakening after a pledge by G20 countries to keep economic recovery pumped up with easy money. AFP - 09Nov 12:36GMT
  •  

  • Oil prices rebound above $78


    Oil prices recovered on Monday, climbing back above $78 after falling at the end of last week in reaction to a surge in US unemployment figures. AFP - 09Nov 10:26GMT
  •  

  • Dollar weighed down in Asian trade


    The dollar was under pressure in Asian trade Monday as investors focused on US and Chinese data for fresh leads on the outlook for the global economy, dealers said. AFP - 09Nov 05:07GMT
  •  

  • Iran's aluminum output up 21%


    Iran's aluminum output in the seven-month period ended October 22, hit 165,593 tons, up 21 percent compared to the corresponding period last year. Tehran Times - 08Nov 06:05GMT
  •  

  • Gold projected to reach $1,100 an ounce by year end


    At a gold convention organised in Dubai about 100 analysts from the gold industry said the price of the yellow metal will reach $926 an ounce by the end of this year. Emirates Business 24/7 - 08Nov 06:04GMT
  •  

  • Dollar gains as markets roiled by US jobs data


    The dollar gained on the euro Friday after a weaker-than-expected US employment report prompted buying of the safe-haven greenback on a day when gold prices surged to a record high. AFP - 07Nov 06:59GMT
  •  

  • Oil prices rise above 80 dollars


    Oil prices climbed above 80 dollars a barrel on Friday as traders looked ahead to employment data in the United States, the world's biggest energy consuming nation. AFP - 06Nov 13:15GMT
  •  

  • Dollar falls before US jobs data


    The dollar fell against the euro and yen on Friday as market players grew cautious ahead of US jobs data and as ministers began gathering for a Group of 20 finance meeting, traders said. AFP - 06Nov 13:12GMT
  •  

  • Al Khaliji Says Gold Deposits Over-Subscribed


    al khaliji announced that its recently launched capital guaranteed gold deposit has been over-subscribed. The Peninsula - 06Nov 08:42GMT
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  • Dollar stable before US jobs data, G20


    The dollar was steady against the euro and the yen in Asian trade Friday as market players grew cautious ahead of US jobs data and a Group of 20 finance ministers' meeting, traders said. AFP - 06Nov 07:26GMT
  •  
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Gold Hits Record High
 
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Dubai Eye - 04 Nov 2009

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Market Metrics
Gold $/oz 
1,105.60
Silver $/oz 
17.63
Platinum $/oz 
1,368.00
Palladium $/oz 
335.50
Gold $/oz
XAU=X
Bid 1,105.60
Ask 1,105.60
Pct Change
+ 0.90%
Net Change
+ 9.90
YTD Change
+ 25.12%
» Charting 23:20 GMT 09Nov
Silver $/oz
XAG=X
Bid 17.63
Ask 17.63
Pct Change
+ 1.44%
Net Change
+ 0.25
YTD Change
+ 56.39%
» Charting 23:30 GMT 09Nov
Platinum $/oz
XPT=X
Bid 1,368.00
Ask 1,368.00
Pct Change
+ 1.40%
Net Change
+ 18.90
YTD Change
+ 46.12%
» Charting 23:30 GMT 09Nov
Palladium $/oz
XPD=X
Bid 335.50
Ask 335.50
Pct Change
+ 1.05%
Net Change
+ 3.50
YTD Change
+ 77.80%
» Charting 21:30 GMT 09Nov
 
 
 
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Shine On
Gold prices struck a series of record highs this week, eventually spiking above 1,100 dollars for the first time, as Asian central banks snapped up the precious metal as an alternative to the dollar.
 
 
Oil Benchmarks Shaken
Saudi Arabia's decision last week to drop WTI to price US-bound exports and replace it with the Asci, an index tracking the price of oil extracted in the US Gulf of Mexico, has shaken the supremacy of the traditional benchmarks, opening the door for new ones.
 
 
Hitting All-Time High
Gold prices breached all previous records and surged to an all-time high of QR126 per gram (24-carat) in the local market.
 
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