Shares of large gold mining companies took it in the neck Thursday, falling along with the broader stock market even as the price of gold notched a fresh record.
You're interested in buying gold. How could you not be? Every other day or so it notches a new record high. So what do you do, especially with all the choices?
The global demand for gold will remain high for the rest of the year, the World Gold Council said Thursday in a report.
Gold close at a fresh high Thursday as investors sought safety from fresh evidence that the U.S. economy is struggling and not-so fresh evidence that Europe's debt problems are far from over.
Gold rallied 2 percent to new high above $1,820 an ounce on Thursday, after U.S. economic data pointed to a stalled economy, while renewed concern about the health of European banks brought safe-haven buying.
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.
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.
A Colorado-based gold mining company has started minting its own gold coins with a view to paying shareholders their dividends in the precious metal.
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.
Gold soared to a new record Thursday as the stock market plummeted on concerns that European banking woes could spread to the United States.
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.
Shares of exchange-traded funds back by gold and silver rose in premarket trading Thursday as the U.S. government reported a higher-than-expected increase in inflation and an increase in jobless claims.
Venezuela will nationalize its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said Wednesday in a combative step ahead of his re-election.
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.
Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.
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.
Gold demand fell in the second quarter but is still expected to rise for the full year as Asian buyers add to holdings and investors shift to it as a safe haven, the World Gold Council said Thursday.
Gold rose on Wednesday on a combination of increased inflationary pressure and ideas this week's Franco-German proposals will not solve the euro zone debt crisis.
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.
Silver rose in early U.S. trading Wednesday and shares of several large silver mining companies also gained in premarket 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.
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.
Venezuelan President Hugo Chavez may transfer billions of international reserves from Europe and the United States into banks in nations like China, Russia and Brazil, an opposition lawmaker said on Tuesday.
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, sources on both sides of negotiations between companies and leftist President Ollanta Humala's government said on Tuesday.
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.
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.
The price of gold notched a record Tuesday because three forces collided in a virtual perfect storm for the markets.
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.
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.
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.