Gold futures settle nearly 3 percent lower on Fed-induced dollar rally2016-12-16
Gold futures on the COMEX division of the New York Mercantile Exchange dropped nearly 3 percent Thursday to settle at their lowest level since early February as the Federal Reserve's U.S. interest-rate hike and the potential for more aggressive moves in the new year fueled a rally in the dollar.
Citi sees firm 2017 show in commodities2016-12-12
Citigroup Inc has given a clarion call for commodity bulls, predicting that most raw materials are expected to perform strongly next year as global economic growth picks up.
Trading center fuels energy reform2016-11-29
China's first national oil and natural gas trading center is playing a major role in helping to accelerate reform of China's energy market and further promote a market-based pricing system for energy products, said a leading oil industry executive.
China links gold market with Dubai2016-10-31
Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE's renminbi-denominated gold benchmark.
Beijing stores cut gold prices on slump2016-10-12
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier price increases this year.