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Friday, 06/01/2012 6:18:35 PM

Friday, June 01, 2012 6:18:35 PM

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DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day


NEW YORK, Jun 01, 2012 (Dow Jones Commodities News via Comtex) --

TOP STORIES

PRECIOUS METALS: Gold Glitters Amid Market Slide

Gold prices roared to a three-week high Friday on speculation of fresh monetary stimulus triggered by a disappointing U.S. monthly employment reading.
STORIES OF INTEREST

CFTC PRECIOUS METALS: Funds Accumulate Bets On Gold's Rise

NEW YORK (Dow Jones)--Fund managers stocked up on Comex gold futures and options in the week ended May 29, according to data released Friday by the Commodity Futures Trading Commission.
Peru Cracks Down Hard On Mine Protests, Offers Talks

LIMA (Dow Jones)--President Ollanta Humala's government has adopted a strategy of cracking down hard on violent protests against mining, while offering to negotiate to find solutions to activists' demands.
US Jobs Data Batter Commodities Amid Demand Worries

NEW YORK (Dow Jones)--Commodities tumbled Friday after dismal economic news spurred fears that global growth is slowing and eroding demand for raw materials.
Vale Faces Charges For Deaths Of Two Ontario Miners

CALGARY (Dow Jones)--Brazilian mining giant Vale S.A. (VALE) faces charges from the Ontario government related to the deaths of two Canadian miners in an underground accident last year.
Vale Faces Charges For Deaths Of Two Ontario Miners

CALGARY (Dow Jones)--Brazilian mining giant Vale S.A. (VALE) faces charges from the Ontario government related to the deaths of two Canadian miners in an underground accident last year.
Standard Life: Glencore-Xstrata Deal Should Be Opposed

LONDON (Dow Jones)--A major U.K. institutional investor, Standard Life PLC (SL.LN), said Friday that proposed remuneration packages for executives at Glencore International PLC (GLEN.LN) and Xstrata PLC (XTA.LN) makes the merger plan between the two companies "even less palatable" and so should be opposed.
Congo Fighting Hampers Conflict Mineral Monitoring And Exports

KAMPALA, Uganda (Dow Jones)--Renewed fighting between the Congolese army and renegade troops in the mineral-rich North Kivu province is hampering mineral exports and a monitoring scheme aimed at blocking trade in conflict minerals, officials said Friday.
MARKETS

PRECIOUS METALS: Gold Glitters Amid Market Slide

NEW YORK (Dow Jones)--Gold prices roared to a three-week high Friday on speculation of fresh monetary stimulus triggered by a disappointing U.S. monthly employment reading.
Spot Gold Breaches $1,600/oz After Poor US Job Report

LONDON (Dow Jones)--Spot gold traded back above the key $1,600 a troy ounce mark for the first time in three weeks in Europe Friday after a disappointing nonfarm payroll report sparked hopes for further U.S. monetary stimulus.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com

http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS_HIGHLIGHTS__Top_Stories_Of_The_Day_179649601.html


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