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AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Message: Daily - COMMODITIES - Market & Metal News - Charts - AU New High

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Daily - COMMODITIES - Market & Metal News - Charts - AU New High

posted on Nov 04, 09 07:44AM

Gold hits record above $1,095/oz

LONDON - Gold hit record highs above $1,095 (U.S.) an ounce on Wednesday as U.S. dollar weakness added to momentum lent to the market by India's purchase of 200 tonnes of gold from the IMF to push prices through key technical resistance levels.

Gold is now poised to target the psychological $1,100 an ounce level, dealers said. Spot gold struck a high of $1,095.05 an ounce and was bid at $1,093.55 an ounce at 1055 GMT, against $1,084.50 late in New York on Tuesday.

U.S. gold futures on the COMEX division of the New York Mercantile Exchange also hit record highs at $1,096.20 an ounce.

++++++++++

Among other precious metals.

Spot silver was bid at $17.45 an ounce against $17.20, tracking gold.

Platinum was at $1,359 an ounce against $1,355.50.

Palladium was the biggest percentage riser of the precious metals, up nearly 2 per cent at $331.50 against $324.50.

++++++++++

Copper up on weak dollar, Fed verdict awaited

* Copper rebounds from near 2-week lows in previous session

* U.S. rate decision, jobs data may offer direction

* Weaker dollar, equities support but demand doubts linger

LONDON, Nov 4 (Reuters) - Copper rose 2.6 percent on
Wednesday as the dollar fell ahead of a policy decision by U.S.
Federal Reserve later in the day that is also expected to give
clues on the state of the world's largest economy.

By 1103 GMT, copper for three-month delivery on the
London Metal Exchange rose to $6,595 a tonne from $6,460 at the
close on Wednesday and compared with a session high at $6,625.

The red metal, used in power and construction, touched a
near two-week low at $6,372.25 on Tuesday on dollar strength.