Commodities

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'Gold is above its historical peak'

'Fundamentally, price rise in gold is linked to US economy, which is still not in good shape, resulting into weakening of dollar against other international currencies. The result is price rise in gold in dollar terms. Gold is above its historical peak, so there could be correction in prices, but such corrections would be more technical in nature,' says Anjani Sinha, CEO of Indian Bullion Market Association.

'Beryllium improves safety by creating efficient fuel'

Mixed oxide fuel has the potential to solve the two major issues of nuclear fuel, one of which is the tendency of nuclear fuel rods to crack before all of the energy is extracted. The other issue addressed by beryllium is improving safety by eliminating the theoretical risk of overheating.

'Gold has excellent speculative potential right now'

Gold has excellent speculative potential right now because of the destruction of the dollar. If dollars lose 25%, 50% or even 75% of their current value in a few years, that's very bullish for gold. But if that happens, we'll have a lot of economic turmoil, which is the real reason to own gold. No matter what happens, gold is still going to be gold. It's the only financial asset that is not simultaneously someone else's liability. It is not a piece of paper; it's not a promise from somebody else.

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ICE sets the trend in iron ore derivatives

Intercontinental Exchange (ICE) is all set to change the way iron ore will be traded as it launches iron ore swaps contract on December 2 in association with Platts. ICE OTC cleared iron ore contract based on the well-regarded Platts Iron Ore Index.