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Despite prices rising 338%, global gold demand in 2010 was like the decade-long bull run hadn’t got started… WESTERN SAVERS hoping to defend their standard of living as global incomes converge take note. Ten, even five years ago, precious-metals analysts thought rising incomes in Asia would see gold substituted for financial services or consumer goods. [...]

While we kicked back on Australia Day with tongs in one hand and a stubbie in the other, it also marked the first day of the annual World Economic Forum in Davos, Switzerland. This junket brings together a couple of thousand politicians, business leaders, intellectuals and journalists to jawbone the financial problems of the world [...]

It’s amazing how a little bad weather can affect the price of a commodity. While we’ve been looking at commodities over the past few weeks, pretty much every commodity is affected by the same thing: adverse weather. And today, cotton is no different. Except, in one part of the world, what has created a shortage [...]

China isn’t the world’s No.1 gold buyer just yet. But its impact is already showing in how global gold prices move… SURGING DEMAND from China, the world’s second-largest gold buyer, is changing seasonal patterns in gold price trends for investors everywhere. How so? At this current pace, private Chinese demand may overtake India’s by 2014 [...]

Marketmen said gold soared in tune with global rates, where prices touched a new peak of USD1,070.80 an ounce on weakening of dollar against its major rivals. Besides, buying activity gathered momentum as stockists indulged in creating fresh positions to meet demand from jewellery fabricators ahead of Diwali, they said. In London, gold set a [...]

Australian Mining giant “BHP BILLITON” managed to make the Asia Forbes top 50 List. Forbes’ 50 best listed companies in the Asia-Pacific region “Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton ( BHP), Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL ( [...]

China’s stocks rose 4.52 percent on Thursday’s close. The benchmark Shanghai Composite Index rose 4.52 percent, or 126.00 points, to finish at 2,911.58. The Shenzhen Component Index rose 3.91 percent, or 438.43 points, to end at 11,648.35.Combined turnover expanded only slightly to 191.33 billion yuan ($28.01 billion) from 191.07 billion yuan on the previous trading [...]

The shortfall in India’s monsoon rains since June 1 worsened to 28 percent on Aug. 8 from 25 percent three days earlier.Indian farmers so far have planted soybean on 9.37 million hectares compared with 9.13 million in the corresponding period of the previous year, government data showed late on Monday Indian soybean futures edged up [...]

  Italy and Russia the biggest importers of Indian coffee  have massively slowed down on thier coffee imports.Total trade growth of Australia with India for 2008 has risen to  $15.356 billion.Blistering rise in the value of the rupee gives sleepless nights to Indian exporters, forcing many to shut down India’s exports fell in May for [...]