Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires: warehouses, storage tanks and other hard assets worth billions of dollars.While the battle over proprietary trading...
Rising precious metals prices poured cold water on investor interest in gold and silver coins in February.Sales of gold American Eagle coins at the U.S. Mint plummeted 83% to just 21,000 troy ounces in February, from 127,000 ounces in January, according to agency data. Sales of silver...
The largest exchange traded fund for silver saw the highest trading volume since September in Wednesday’s melt-down in precious metals.The $11.7 billion iShares Silver Trust (NYSEArca: ...
Fed Chairman Ben Bernanke had an interesting morning over in Capitol Hill, facing the ire of Ron Paul and receiving Democratic praise from Barney Frank...
World fabrication demand, which includes industrial applications, photography and jewellery consumption, rose 12.8 percent to 27,334 tonnes in 2010, the last year for which data was available, as a recovery from the global economic crisis helped offtake recover...
A 17-ton haul of silver coins, lost for two centuries in the ocean's depths aboard a sunken Spanish ship, began its journey back to its home country Friday after the U.S. explorers who brought it to the surface lost their claim to ownership.Two massive Spanish military cargo planes took...
Australian gold miner, Kingsgate Consolidated, reported an almost 200 percent jump in profits for the second half of 2011 on Wednesday, boosted by robust sales of the precious metal. But, the company is planning a bigger push into silver in...
India's appetite for silver surged in 2011 despite prices of the white metal touching a record level.The country's imports rose to 4,800 tonnes in 2011 compared with 2,800 tonnes in 2010, Mr Prithviraj Kothari, President, Bombay Bullion Association, said today....
Colorado State Senators will consider a bill that would allow people to use gold and silver as currency. A similar measure is already in place in Utah and is being considered in 12 other states, reports CBS Station KCNC. Supporters are concerned about the...
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