Gold coinage goes back to 640 BC or earlier. The metal has retained its value since, climbing to extreme highs. The market has accepted the price levels of gold without waiting for any significant dips. We have buying support from countries such as China and India. Fund Managers have added Gold to their trading portfolios. … Read more.
Fears about escalating tensions between North and South Korea sent the price of wheat futures plunging the most in the past seven days, Bloomberg reports. South Korea was the world's fifth-biggest importer of the U.S.' fourth biggest crop, but after North Korea launched artillery shells on Monday over the border and killed two South Korean… Read more.
Precious metals' prices ran the gamut as a result of strife on the Korean peninsula and a growing list of European nations struggling to navigate through the global financial crisis, Bloomberg reports. Though gold gained 0.4 percent on Monday after declining slightly more than three percent during the past two weeks, silver for immediate delivery… Read more.
Crude oil futures declined Tuesday after North Korean artillery opened fire on the South Korean island of Yeonpyeong. The North says that it was provoked by shells from the South, which the South Korean government said were fired below the naval dividing line in a training exercise. On the other side of the globe, German Chancellor… Read more.
Some precious metals' prices slipped in London as the dollar's value grew slightly stronger after missile exchanges on the Korean peninsula, Bloomberg reports. South Korea contends North Korea fired artillery shells south of the border, near the western line the countries share. South Korea's military is on high alert. "Political risk is typically a positive… Read more.
Sugar futures dropped off dramatically in Thursday trading, driven partially by news of a bumper Indian sugar crop. However, the potential prospect of a government-imposed export quota in the South Asian nation still lingers over the markets – if the Indian government does limit overseas sales of the commodity, the bullish price momentum could return… Read more.
Finance ministers of the Group of 20 Nations – a group that in some ways represents a new world order after the relative decline of some of the G-7 nations – met on Friday in Seoul. The ministers discussed how to handle the emerging conflict between national interests, trade and currency levels, seeking to prevent… Read more.
The MSCI Emerging Market Index rose 1.1 percent in Asia trading as Chinese and other regional stocks gained and boosted other emerging market assets like Vale. Futures on the Hang Seng Index in Hong Kong gained 370 points to 20,399 at 9:45 a.m. EST, while futures on the Bovespa in Brazil gained 214 points to… Read more.