* Platinum seen overbought, could tumble once strikes end * Gold flat, retreats from 6-month high as market awaits Fed * Silver demand seen not sustaining price above $30-analyst * Coming up: U.S. Fed rate decision, policy statement Thursday By Frank Tang NEW YORK, Sept 12 (Reuters) - Platinum rose almost 3 percent on Wednesday, its biggest one-day rally … [Read more...] about PRECIOUS-Platinum up on South African mine unrest, gold flat
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COMMODITIES-Rally falters despite German ruling; Fed awaited
* Feel-good mood after German court decision fades quickly * Commodities, at multi-month highs after rally, erase gains * Day's winners seek secular catalysts: soybeans, platinum * All eyes on FOMC decision on Thursday, Bernanke presser By Veronica Brown and Jonathan Leff LONDON/NEW YORK, Sept 12 (Reuters) - A four-day rally in commodity markets faltered … [Read more...] about COMMODITIES-Rally falters despite German ruling; Fed awaited
Cricket-England head for Twenty20 title defence on winning note
Sept 12 (Reuters) - England will depart for their Twenty20 World Cup defence in Sri Lanka in good heart after squaring the three-match series against South Africa with an emphatic 28-run win at Edgbaston on Wednesday. In a match reduced to 11 overs a side after heavy rain left parts of the outfield soggy, England piled up 118 for five, a total that proved more than enough … [Read more...] about Cricket-England head for Twenty20 title defence on winning note
EMERGING MARKETS-Stocks hit 1-mth high after German court ruling
LONDON, Sept 12 (Reuters) - Emerging equities rose to one-month highs on Wednesday, extending gains after a German court removed a key hurdle to resolving the bloc's debt crisis and expectations firmed of additional economic stimulus from the United States and China. Germany's constitutional court ruled that the country can ratify the euro zone's bailout fund and budget … [Read more...] about EMERGING MARKETS-Stocks hit 1-mth high after German court ruling
Platinum priced in rand hits high for 2012
LONDON, Sept 12 (Reuters) - Platinum priced in rand rose by 3.3 percent to reach its highest level so far this year on Wednesday, boosted by the weakness in the currency and by spreading violence and unrest in the South African mining industry. Platinum priced in rand was up at 13,405.7 rand an ounce, its highest since mid-November, set for its largest one-day gain in a … [Read more...] about Platinum priced in rand hits high for 2012
