Platinum to remain in surplus, eurozone crisis flagged as 'major' risk

Platinum registered its seventh consecutive gross surplus in 2011 and was likely to experience a similar outcome in 2012, while palladium remained in a gross deficit, which was likely to increase this year, precious metals consultancy Thomson...

Investors continuing to drive gold market

The changing dynamics of the gold market over the past ten years have led to an active investor-driven market, said precious metals consultancy Thomson Reuters GMFS global head of precious metals Paul Walker. “It is all about investment, it is...

GFMS cautious on short-term prices but sees new gold highs by early 2013

Despite advising caution in the short term, as expectations of a third round of quantitative easing in the US dimmed and the eurozone crisis abated, precious metals consultancy Thomson Reuters GFMS was bullish about the gold price over the medium...

Resources Watch roundup

Creamer Media’s Resources Watch highlights some major events that took place during the year.

Commodity markets have not yet priced in rising double-dip threat - Roubini

Commodity markets were not yet fully pricing in the rising risk that a number of advanced industrial countries, including the US, could face a double-dip recession, world renowned economist Nouriel Roubini told a South African audience this week....

Investment demand underpins gold’s push towards $2 000/oz

Gold could push through the $2 000/oz level by year-end on the back of strong investment demand, the latest Thomson Reuters GFMS Gold Survey 2011 Update states. The report, the first to be prepared by the precious and base metals research...

‘Large’ palladium deficit expected, platinum in surplus

Platinum is expected to remain in a surplus this year, while palladium – which is increasingly being used as a substitute for platinum – would see a “large” deficit in 2011, precious metals consultancy GFMS reported on Thursday. Platinum...

GFMS keeps $1 600/oz gold forecast, Aquarius buys platinum company, Miranda accelerating coal projects

The price of gold is expected to break through $1 600/oz before the end of this year; Platinum miner Aquarius is buying Afarak Platinum for $109,7-million; and

Gold could hit $1620/oz this year, near term weakness possible - GFMS

The gold price will likely set new highs above $1 600/oz in the second half of 2011, supported by “strong and positive” investment demand through the year, GFMS research director Neil Meader said in Toronto on Wednesday. In town to launch the...

Resources Watch

This week: AngloGold Ashanti broaches the concept of non-blast automation to mine gold 5 km below the surface; South Africa’s acid mine drainage and wastewater is ‘mineable’; And gold mine output hits a record in 2010.

Gold mine output hits record in 2010; scrap fell despite price gains – GFMS

Gold supply from mines rose to about 2 652 t in 2010, a “significant” increase of 2,7% year-on-year, and a new all-time high, metals consultancy GFMS said on Thursday. The increase represents the second year of production gains (output rose...

Gold in 'early stages' of bubble

The gold price, which set a record above $1 430/oz in December before settling back to the current $1 380-odd, is probably in the “early stages of a bubble”, but the momentum continues to be to the upside, GFMS chairperson Philip Klapwijk said...