Friday 19 December 2014
 
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metal

Gold falls for a third day after oil drop

Gold fell on Friday on the back of a slump in oil prices, with strength in the dollar piling further pressure on the metal ahead of a referendum on the management of Swiss bullion reserves this weekend. Oil prices posted their sha

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Kaloti’s lab accredited by Dubai Municipality

Kaloti Precious Metals, a leading gold and precious metals refiner and trading house, said its precious metals testing laboratory in Dubai, UAE has been accredited by the Dubai Accreditation Department, part of Dubai Municipality.

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Kaloti’s compliance with DMCC guidelines audited

Kaloti Precious Metals, a leading gold and precious metals refiner and trading house based in the UAE, has completed a voluntary reasonable assurance audit of the company’s precious metals supply chain, the company said. Con

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Ma'aden plans $1.5bn rights issue

Saudi Arabian Mining Co (Ma'aden) will seek shareholder approval for a 5.6 billion riyals ($1.49 billion) rights issue to help expand its operations, the company said on Thursday. Ma'aden will use the money to expand its p

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Ma'aden plans $1.5bn rights issue

Saudi Arabian Mining Co (Ma'aden) will seek shareholder approval for a 5.6 billion riyals ($1.49 billion) rights issue to help expand its operations, the company said on Thursday. Ma'aden will use the money to expand its p

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Ma'aden Q1 profit falls 48pc as metal prices drop

Saudi Arabian Mining Co (Ma'aden) blamed falling metal prices after it posted a 48 percent drop in first-quarter net profit on Monday. Ma'aden made a profit of 125.2 million riyals ($33.4 million) in the three months to Ma

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Saudi non-oil exports grow 9.2pc

Saudi Arabia’s non-oil exports grew 9.2 per cent year-on-year in December as returns reached SR19.9 billion ($5.3 billion), said a report. The steep rise in exports revenue is owed, by weight, to high demand for plastics, an

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Gold shines in New Year; up 2pc

Gold futures jumped 2 percent on Thursday as bargain hunters resurfaced after prices plunged to a six-month low, but optimism over the global economic outlook and the imminent end of the US Federal Reserve's monetary stimulus could cap gains

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GLITTER GONE: Gold to end year down 28pc

Gold staged a modest rebound on Tuesday after falling more than 1 percent in the previous session, but the precious metal was still heading for its biggest annual decline since 1981 because investors shifted money to equities. A d

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Gold extends losses as delay in Syria action

Gold edged lower for a fourth straight session on Tuesday as a delay in a potential US strike on Syria and strong global economic data dented bullion's safe-haven appeal. The precious metal has dropped 3 per cent since hitting

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