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Gold Futures Hit High of $998
April gold futures are expected to open floor trading in New York around $16 an ounce higher. In intraday trading, gold futures hit a high of $998.50 an ounce.
WSJ.com

Zimbabwe’s proposed rand adoption
The proposed adoption of the rand by Zimbabwe is possibly "a negative by association", RMB currency strategist John Cairns said today. This followed media reports that Zimbabwean officials were expect...
Big News Network

Canada Consumer Prices Fall More than Expected on Gasoline
The Canadian consumer price index dropped a more than expected 0.3% in January after falling 0.7% in the previous month, pressured by a sharp drop in vehicle...
DailyFX

British Pound Jumps On Positive Retail Sales, Euro Finds Support Despite Weaker PMI
The British Pound jumped 80 bps to test 1.4300 on a better than expected retail sales print which saw consumption rise 0.7% in January. Consumer spending...
Daily FX

Anglo American cuts 19,000 jobs
Anglo American is to cut 19,000 jobs and scrap its dividend after posting lower than expected profits, the mining giant said this morning. Anglo shares lost just over 10 per cent to £11.11 in ...
Big News Network

Home repossession rise expected
A sharp increase in the number of people having their homes repossessed last year is expected to be revealed by figures released later. Analysts predict the Council of Mortgage Lenders will say that ...
Big News Network

Orlando Bloom gifts gold necklace as love token
Orlando Bloom has given his girlfriend Miranda Kerr an antique gold necklace and pendant, it has been reported.The Hollywood star treated the Australian model to several days of romance in addition to presenting her with the gold heart pendant for Valentine's Day, according to the Melbourne Herald Sun.Spending a few days in Melbourne, the couple had a sunset picnic by the beach and Orlando attended a catwalk launch at Docklands in which Miranda, 26, appeared.Miranda wore the gold necklace and pendant to lunch with her actor boyfriend at the Stokehouse restaurant in St Kilda.In other news, a 1999 Rolls-Royce Limo decorated with 24-c gold and belonging to pop star Michael Jackson is to be auctioned in California next month.The vehicle is expected to fetch $140,000 (£98,000) when it goes on sale in Beverley Hills alongside a number of items being sold by the singer.The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinio
Gold.org

Centerra to replace mill gear at Kumtor
The mill gear at the Kumtor Mine is to be replaced, Centerra Gold has announced.On February 24th the mill at the mine will be replaced with an on-site spare unit, necessitating the shut-down of the facility for between eight and ten days.The work was identified as being needed this week following the detection of vibrations and the discovery of a damaged tooth in the gear.Centerra has said that it expects to be able to meet its gold production and cost guidance over the course of the year, making up for the 160,000 tons of low-grade material processing that will be lost during the shut-down period.Earlier this month Centerra reported results for the fourth quarter and full year of 2008, which revealed annual sales revenue to be up 70 per cent to $636 million (£445 million).The results also showed that during last year, 556,251 ounces of gold were produced at the Kumtor Mine.The news feeds on this site are independently provided by Adfero Limited © and do not represent the vie
Gold.org

Toyota Taps Veteran for U.S.
Toyota Motor is expected to announce it is bringing back Yoshi Inaba, a former senior executive, to revamp its North American operations.
Wall Street Journal

Tokyo holds `world`s largest` nanotechnology event
Representatives from more than 20 countries are enjoying the world's largest nanotechnology exhibition in Japan this week.The event, which opened in Tokyo yesterday, sees active participation from 606 companies and organisations and is expected to attract 50,000 visitors from around the globe before Friday.It's the eighth time the nanotech event has happened, but this year will be differentiated not just by size but a heavy Spanish element too.The European country's Institute for Foreign Trade is promoting a special initiative focusing attention on Spain's top industrial technologies and products.Called Espana, Technology for Life, it will also encourage cross-country innovation by better integrating Spanish technological developments in the Far East.In related news, a breakthrough using nanotechnology and gold could mean that simple tests for cancer may be devised.Scientists at National Chia Tung University have created a method by which tiny particles of gold could be used to detect
Science.gold.org

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