Ghana is in talks with gold miners in the country, Africa's second-biggest producer, over additional taxes so as to benefit from the soaring price of the precious metal, the government said on Tuesday.
India gold rose on Tuesday to the highest in more than a week, on a weak rupee, while demand in the local spot market remained moderate as despite the price rise consumers were buying for a key festival, dealers said.
Centamin Egypt Ltd. said its gold production had returned to planned levels after the regular delivery of blasting products resumed in late July.
Gold eased 1 percent early Tuesday, giving up some of the previous day's gains, as stocks and the euro were pressured by waning optimism over a new plan to tackle euro zone debt, and ahead of a vote in Slovakia to ratify changes to the bloc's rescue fund.
A silver cargo worth some $18 million has been found in a sunken ship at the bottom of the North Atlantic Ocean, a marine salvage and shipwreck exploration company said Monday.
China has installed its first gold vending machine, offering coins and bullion to shoppers in a Beijing shopping district, according to a report.
Gold and silver mining company shares jumped Monday as the price of the metals surged and the broader equity markets turned sharply higher on a pledge by leaders of Europe's richest countries to save the continent's banks.
Gold will reach $2,000 in the next three to six months, according to the chief investment officer of one of this year's most successful hedge funds.
Swiss structured products exchange Scoach has become the world's first exchange to allow trading in gold-denominated structured products and might also allow exchange traded funds (ETFs) with gold as the trading currency.
Gold prices surged Monday and the dollar plunged as investors piled into stocks in the hope that Europe's sovereign debt crisis may finally be ending and the continent's financial system is beginning to stabilize.
Gold rose more than 2 percent on Monday, lifted by weakness in the dollar versus the euro after France and Germany pledged to come up with a proposal to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan.
India gold rose nearly a percent on Monday afternoon, extending gains for another session, following a similar trend in overseas markets, although a rising rupee checked gains, dealers said.
Zambians striking over poor pay at Chinese mines went back to work on Monday after winning a nearly 100 percent pay rise, just over two weeks after a new president took office on the promise of improving mining conditions.
Palladium prices rocketed higher Monday as rising optimism about Europe's economy boosted stocks on both sides of the Atlantic and lifted commodities that rise with increased business activity.
Gold, silver, platinum and palladium, as well as other commodities, generally stand a better chance of handling a global economic downturn than other types of investments, Barclays Capital said Monday.
India gold futures are likely to extend gains this week helped by the weakness in the U.S. dollar, which enhances appeal of the yellow metal as an alternative investment, and after France and Germany pledged to strike a proposal to recapitalize euro zone banks.
The price of gold in the fourth quarter will rise to an average of $1,875 per ounce, a nearly 15 percent increase from gold's closing price Friday, Barclays Capital said.
Australian gold mining company Hill End Gold Ltd. said Monday that the estimated amount of gold at one of its projects has risen by 140 percent.
Gold prices jumped nearly 2 percent Monday on a plunging dollar and strong physical buying from India and China.
Impala Platinum , the world's second-largest producer of the precious metal, said on Monday it has reached a two-year wage deal with South Africa's National Union of Mineworkers (NUM), averting a possible a strike at the miner.
A clash between striking workers and police near Freeport McMoRan's Indonesian copper mine killed one protestor and injured others, complicating a pay dispute that appears far from being resolved.
A mob of horsemen armed with sticks and petrol bombs attacked an exploration camp run by South African miner Gold Fields' joint venture in Kyrgyzstan, the latest in a series of assaults on mining companies in the Central Asian state.
Gold rose more than 1 percent on Monday as the dollar fell versus the euro after France and Germany pledged to strike a proposal to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan.
South Africa's gold reserves fell last month by 11.3 percent, or $827 million, as the result of a stronger U.S. dollar, the nation's central bank said. Their value declined despite a small increase in the physical amount of those reserves.
The International Center for Settlement of Investment Disputes has advised Crystallex International Corp. that proceedings in its $3.8 billion case against Venezuela for nationalizng gold-mining assets has begun.
Sudan said Sunday it expects its mining industry to produce around 7 metric tons (tonnes) of gold this year, and it plans to launch a gold refinery next year.
Gold fell more than 1 percent on Friday as investors quickly sold to raise cash to cover margin calls in the lower equity markets after Fitch downgraded the credit ratings of Spain and Italy.
The U.S. Mint resumed sales Friday of three silver coins Thursday, after unusual volatility in the silver market last month prompted the government agency to pull them for repricing.
Gold prices busted a three-day winning streak Friday as fresh evidence of Eurozone instability piqued investors' desire for something safe and liquid.
Australian gold miner Resolute Mining said it made a 700,000-ounce gold discovery at its Tabacoroni joint venture with Etruscan Resources that would boost output from its Syama mine in Mali by about 100,000 ounces a year.
