GOLD

Gold bar

Gold Shoots to Record High on Global Fears

Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.

Copper Price Steadies After Big Drop

IBTimes Logo
Copper steadied on Friday, pausing for breath after the previous session's hefty falls, although growing concerns about a slowdown in the United States and a debt crisis in Europe weighed on sentiment and capped further gains for the metal.
More news
IBTimes Logo

Why Gold Hit Another Record

Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
IBTimes Logo

World's Central Banks Increasing Gold in Their Vaults

The news that Venezuela plans to repatriate 211 metric tons of its gold held internationally is part of a global trend that has been underway for nearly two years as the worldwide economic environment becomes increasingly shaky, an analyst said Thursday.
IBTimes Logo

High Silver Price Drives Individuals to Cash in

Surging silver prices has private individuals looking to sell jewellery, silver service items or heirlooms made of precious metals, much as the record high price of gold has driven many people to sell their gold for cash.
IBTimes Logo

Gold Climbs on the Futures Markets

Traders on the U.S. futures market bid up the price of gold to a record high early Thursday on continued concern about the slowing economies of both Europe and the United States.
IBTimes Logo

Asian Buyers to Lift Demand for Gold - Analysis

Gold demand fell in the second quarter but is still expected to rise in the full year as Asian buyers add to holdings and interest in the metal as a haven is stoked by worries over U.S. and euro zone debt, the World Gold Council said on Thursday.
IBTimes Logo

Gold Rallies Toward Record High

Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.
IBTimes Logo

Gold Sets New Record, Just Shy of $1,800

Gold settled at a record high Wednesday and silver closed modestly higher after surging in the first few hours of trading and then seeing gains pared in the afternoon.
IBTimes Logo

Gold Prices Higher in Early U.S. Trading

Gold rose Wednesday but shares of gold mining companies were mixed in premarket trading, indicating that optimism about the yellow metal is doesn't automatically transfer to companies that mine the precious commodity.
IBTimes Logo

South Africa to Charge Unit of AngloAmerican

South Africa's government will lay criminal charges against Kumba Iron Ore over its application for a mining right over the company's Sishen mine it did not yet own, a lawyer for the minerals department said Wednesday.
IBTimes Logo

European Trading Nudges Gold Higher

Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.
IBTimes Logo

Gold Hovering Near Record Level

Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.
IBTimes Logo

Why Today's Record High Gold Price Matters

The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.
Photo illustration shows one-tael gold cubes at a jewellery store in Hong Kong

Wall Street Slides; Gold Sets Record

Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
IBTimes Logo

Gold Sets Another Record As Stocks Fall

Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.