Russian gold output to attain 7.9 million ounces in 2015

Source: Commodityonline
Russian gold output is likely to approach 7.9 million ounces in 2015, according to the report of Interfax Europe. The country's gold output has risen by 38% during the post-Soviet Union period. Russia has the largest deposits of unexplored gold in the world and currently has over 600 companies engaged in the gold sector, including two main gold projects developers Kinross Gold and Polys Gold.


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Mon, 27 Feb 2012 11:53:16 GMT

Crude oil edges down during the Asian trade

Crude oil futures edged down during the Asian trade on Monday after rallying on the indications of economic recovery in the Euro Zone and lingering supply concerns due to geopolitical tensions. Light, sweet crude oil April contract traded at 109.50 US Dollars per barrel on the New York Mercantile Exchange, falling by 0.25%.

Mon, 27 Feb 2012 11:10:18 GMT

US consumer sentiment reached one-year record high

The Thomson Reuters/University of Michigan's consumer sentiment index climbed from 75.0 in January to 75.3 in February as Americans regained confidence about the country's economic outlook. The economists earlier predicted a figure to be at 73.0. Improvements in job market are outweighing concerns about rallying oil prices and instability in Iran, said Richard Curtin, the director of survey.

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