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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

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12/06/2012 | 05:10pm CEST
 TOP STORIES: 
 
Gold Prices Under Pressure as China Slows -Shandong Zhaojin CFO 

Gold prices are under heavy pressure from China's slowing economy, Shandong Zhaojin Group Chief Financial Officer Zhang Banglong said Thursday.

 
Gold Prices to Stay Rangebound 2012-13 -Deutsche Bank 

Gold prices will likely stay rangebound in the near term into next year as the European debt crisis continues to pose an economic threat, although prices may rise under potential central bank expansionary measures in 2013, Deutsche Bank metals research head Daniel Brebner said Thursday.

 
BNP Paribas Trims 2013 Gold Forecast; Still Expects Record High 

BNP Paribas on Thursday trimmed its outlook on gold prices in 2013, forecasting the metal's price will enter a downtrend after new record highs are reached next year.

 
BHP Billiton Closes Uranium Arm as Nuclear Fuel Prospects Dim 

BHP Billiton Ltd. (BHP) has shut its uranium division, responsible for its Olympic Dam copper-and-uranium mine, in a reflection of dimmed prospects for the nuclear fuel.

 
 STORIES OF INTEREST: 
 
Shandong Gold Group: To Sharply Raise Gold Output to 100 Metric Tons a Year 

Shandong Gold Group, one of China's largest gold producers, plans to sharply raise its gold output to 100 metric tons a year, which would account for more than a quarter of the country's current annual output, the company's president, Wang Jianhua, said at an industry forum Thursday.

 
Shandong Gold President: 2012 Output Likely up 15 Tons From 2011 

Shandong Gold Group is likely to produce 40 metric tons of gold this year, a rise of around 15 tons from last year, President Wang Jianhua said Thursday.

 
 MARKETS: 
 
Comex Gold Slips Again, Holds Below $1,700 

Gold eased on Thursday for a third day as investors moved to the sidelines amid stalled talks on U.S. tax policy and as more analysts cut their price forecasts for the precious metal.

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