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Showing results for Troy Griese Construction, Inc
...Gold had climbed to a one-year high earlier this month as investors sought out its haven properties and the US dollar wilted, but the Wall Street relief rally on Monday sent the price of a troy ounce down...
...The growing year-around interest is pushing home prices higher, agents say, and fuelling a surge in construction in an area that has seen very little development....
...Gold remained in a narrow trading range of $1,165-$1,220 a troy ounce, with net outflows of investor funds despite the Greek crisis....
...Gold Fields said the workers’ demands were unclear at KDC West, which produces 1,440 troy ounces of gold per day....
...Third, the combative Association of Mineworkers and Construction Union – a rival to the traditional long-dominant National Union of Mineworkers – has made large inroads among disaffected platinum workers...
...In precious metals, gold fell 0.6 per cent to $1,719 a troy ounce, having failed on Thursday to hold the $1,750 level....
...In commodities markets, spot gold advanced $7.4 to $1,713.20 per troy ounce while January Nymex crude oil futures declined four cents to $98.20 per barrel on Globex....
...The metal, whose widespread use in manufacturing and construction makes it crucial to the global economy, has risen more than 50 per cent since June....
...The increase has been fuelled by a multiplex construction boom and growing appetite for Hollywood movies, as well as Russian-language productions....
...Finished building prices are buoyed by the construction slump....
...Late in New York, gold had fallen 0.7 per cent to $1,056.88 a troy ounce....
...Gold was trading $1.43 higher at $938.24 per troy ounce....
...Gold slipped back towards $900 a troy ounce....
...Gold fell 2.8 per cent to $744 a troy ounce, down 8.8 per cent this week, under pressure from the sharp fall in oil prices and resilience of the dollar, which shrugged off weak US economic data....
...Gold traded in a narrow range, easing 0.1 per cent to $771.50 a troy ounce...
...Copper, the base metals bellwether, tumbled to a 34-month low of $4,545 a tonne on concerns that the previously booming global construction business is grinding to a halt....
...Gold was 1.04 per cent lower at $871.18 per troy ounce for immediate delivery. Japanese shares fell despite a weaker yen, which usually boosts exporters....
...Shanghai Pudong Development Bank dropped 5.7 per cent to Rmb28.50 and China Construction Bank lost 4.9 per cent to Rmb7.13....
...Platinum rose 1.6 per cent to $2,023 a troy ounce....
...Oil’s rise also helped gold to hit its highest level for more than a week, trading at $883.70 per troy ounce for immediate delivery....
...Platinum traded as high as $2,065 a troy ounce for immediate delivery as bargain hunters took advantage of Monday’s sell-off, but the metal fell back below $2,000 by late afternoon in Singapore....
...Platinum reached a lifetime high of $1,972.75 a troy ounce on worries about disruption to platinum production in South Africa....
...US construction spending fell a sharper-than-expected 1.7 percent in January, led by a fall-off in private home building....
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