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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

04/24/2012 | 03:13pm US/Eastern
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   TOP STORIES 
 
PIRC: Glencore Holders Should Vote Against Pay Report, Directors 

Shareholders in Glencore International PLC (GLEN.LN) should oppose the re-election of several board members, including the chairman, and vote against the company's remuneration report, independent U.K. shareholder advisory group PIRC said Tuesday.

 
Central Banks Beef Up Gold Reserves In March 

Mexico and Russia lifted their official gold holdings sharply last month, each adding more than half a million troy ounces to their reserves as a host of central banks around the world continued to beef up their stockpiles of the precious metal.

 
Gold Fields Boosts Pay For CEO In 2011 

Gold Fields Ltd. (GFI), Africa's second-largest producer of the precious metal, raised the pay for the company's chief executive for the 2011 financial year, according to data released in its annual report Tuesday.

 
   STORIES OF INTEREST 
 
Peru Min: Govt To Work To Persuade Population On Minas Conga 

LIMA (Dow Jones)--The administration of President Ollanta Humala will work to persuade the population of the northern region of Cajamarca that the stalled Minas Conga copper and gold project is viable, a high-level government official said.

 
China Securities Regulator Approves Silver Futures Trade 

BEIJING (Dow Jones)--China's securities regulator Tuesday approved silver-futures trading on the Shanghai Futures Exchange, China's largest futures bourse.

 
High Prices Evoke Tepid Demand During India's Key Gold Festival 

MUMBAI (Dow Jones)--Gold sales in India were flat Tuesday during the Akshaya Tritiya festival, one of the year's most auspicious buying occasions, as near-record prices and expectation of weaker returns from the precious metal crushed buying sentiment.

 
   MARKETS 
 
PRECIOUS METALS: Gold Gains As Dollar Eases On EU Market Rebound 

NEW YORK (Dow Jones)--Gold futures edged higher Tuesday, as calm in European markets weighed on the U.S. dollar and drew buyers to the precious metals, but trading was thin ahead of this week's monetary-policy disclosure from the Federal Reserve.

-By Matt Day, Dow Jones Newswires; 212-416-4986; matt.day@dowjones.com

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