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South Africa gold miners to strike

South African gold miners are due to go on strike to demand higher pay.Workers last week rejected an offer of a 6% rise - the same as the current annual rate of inflation.South Africa's gold industry is one of the biggest in the world but has been in decline in recent years, while the platinum sector is recovering from violence during last year's strikes.The gold strike will add to the pressure on...
Source : BBC |
Category : International

Speculators See Gold Gaining With Wheat on Ukraine: Commodities

cookies.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.After shunning gold and wheat for most of last year, hedge fund managers are piling back in as the escalatingSpeculators have the biggest...
Source : The Money Times |
Category : Business

Mortgage rates close to two-year high (again)

Rates on 30-year, fixed-rate mortgages are more than one percentage point higher than they were in early May.Rates on 30-year, fixed-rate mortgages reached an average of 4.57% this week -- up from 4.51% last week, according to mortgage giant Freddie Mac.of 4.58% in August, the 30-year fixed rate had eased slightly, giving some house hunters hope that rates would continue to fall. But rates once again...
Source : cnn |
Category : Personal Finance

2 buffaloes hurt in train accident slaughtered, claim animal activists

station near Ambattur on the Chennai Central-Tiruvallur section last week.Police are looking for a cattle owner after a group of seven buffaloes crossing the railway tracks was allegedly struck by a train at Pattaravakkam railway station near Ambattur on the Chennai Central-Tiruvallur section last week.(Chennai), said the accident occurred at 11am on August 24. "Four buffaloes were killed. One was...
Source : Times Of India |
Category : City | City : Chennai

Gold Most Bullish Since 2012 as Goldman Sees Slump: Commodities

cookies.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.Gold futures in New York climbed 1.3 percent last week, the eighth advance this year.Gold is getting more attractive tohedge-fund managers even as Goldman Sachs Group Inc. says themetal’s surprising rally this year will soon...
Source : The Money Times |
Category : Business

Freddie Mac: Average mortgage rates rise; 30-year fixed at 4.33%

reporting that lenders were offering 30-year home loans to solid borrowers at an average 4.33%, up from 4.28% last week.The 30-year fixed rate had declined for five weeks before reversing course last week. The average rate for a 15-year fixed mortgage, which held steady last week at 3.33%, edged up to 3.35% in the latest Freddie MacThe start rates on adjustable mortgages were slightly higher as well,...
Source : Los Angeles Times |
Category : Business

Mortgage Rates Hit Lowest Level in 3 Months

Average mortgage rates fell to the lowest level since mid-November last week as unease over economic growth in the U.S. and market turmoil abroad drove investors to load up on government bonds, pushing down long-term interest rates.The average rate on a 30-year fixed-rate mortgage was 4.47% last week, down from 4.52% the prior week, the Mortgage Bankers Association said Wednesday. Mortgage rates are...
Source : WSJ |
Category : Others

Fed taper effect: gold downtrend to continue

Gold prices have been on a downtrend in the past few weeks; and the volatility is likely to continue as the market’s knee-jerk reaction to last week’s news of the US Fed tapering has exacerbated the weakness, bullion experts said.On Monday, the yellow metal closed at Rs29,990/10gm in the Mumbai bullion market, down nearly 1.5% in the last one week. This month alone so far, gold has shed Rs750/10gm...
Source : DNA |
Category : Others | City : Delhi

Gold perched above $1,300 on US stimulus bet

Gold held near one-and-a-half-week highs above $1,300 an ounce on Monday, supported by expectations the Federal Reserve would hold off curbing its economic stimulus while the United States eyes a more lasting fix to its budget problems.Gold posted its best weekly gain in two months last week after U.S. lawmakers reached a last-minute deal that averted a debt default and reopened government agencies...
Source : Ndtv |
Category : Commodities

Gold perched above $1,300 on U.S. stimulus bet

​Gold held near one-and-a-half-week highs above $1,300 an ounce on Monday, supported by expectations the Federal Reserve would hold off curbing its economic stimulus while the United States eyes a more lasting fix to its budget problems.Gold posted its best weekly gain in two months last week after U.S. lawmakers reached a last-minute deal that averted a debt default and reopened government agencies...
Source : Sify |
Category : Commodities