Royal Gold Inc., which holds royalty interests in gold producing properties, said Thursday net income for the April through June period jumped 106 percent as new properties began commercial production and a labor dispute ended.
Gold slid from record highs Thursday as investors cashed in some of the previous session's near 3 percent gains after U.S. stocks opened higher and following a move by CME Group to hike margins for trading COMEX gold futures.
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AngloGold Ashanti , Africa's biggest gold producer, said on Thursday that a worker was killed at its Mponeng mine in South Africa after a seismic event, bringing mining operations to a halt in the affected area.
Investors will abandon stocks and continue to chase gold over the next few years, based on an analysis of the spot gold to S&P 500 .SPX ratio, Reuters market analyst Wang Tao said.
Gold eased on Thursday from record highs struck earlier in the session after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth will buoy sentiment.
Gold and silver prices settled higher Wednesday as investors extended their retreat from stocks and bid up the precious metals on fears that France's sovereign debt would be the next nation's credit to be downgraded.
Gold miner Endeavour Mining Corp's second-quarter profit rose, helped by higher production and sales as well as strong gold prices, sending its shares up 5 percent.
Gold is set to widen its premium over platinum after hitting parity for the first time in 2-1/2 years this week, with no end yet in sight to the potent cocktail of fear factors that are benefiting safe havens at the expense of cyclical assets.
Gold held steady on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
CME Group, which owns the Chicago Mercantile Exchange and the Globex electronic trading platform for trading futures and options, said Wednesday it hit a record volume in gold futures and options.
Gold climbed to a third record in a row on Wednesday, extending its best rally since 2008 as a dive in French bank stocks sent new shudders through anxious financial markets, sending U.S. stocks skidding.
Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
Gold and silver prices rose Wednesday, but a falling stock market pulled down shares of silver mining companies and left gold mining company stocks mixed in midday trading.
Gold Resource Corp., which produces gold in southern Mexican state of Oaxaca, said Wednesday it swung to a profit in the second quarter on record output.
Ukraine, whose government estimates it has 2,500 to 3,00 tons of gold, will start large-scale mining for the precious metal to cash in on "the radical growth of the world price of gold," the State Service of Geology and Mineral Resources of Ukraine said Wednesday.
Vancouver-based Fortuna Silver Mines Inc. said Wednesday it expects commercial production from a Mexican mine to beging Sept. 1.
Gold held steady Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
Investors pondering a gold investment have a number of alternative routes into the precious metal, several of which are outlined below.
Gold rose Tuesday to another record high as U.S. stocks fluctuated in a narrow range and crude oil fell below $80 a barrel.
Sharply higher prices offset lower quality ore and reduced output to double Hecla Silver's second quarter results.
Gold continues its climb to new heights even as U.S. stocks stage a rebound.
BlackRock will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, James Holt, investment strategist at the world's largest money manager, said on Tuesday.
India's benchmark gold futures on the Multi Commodity Exchange extended gains by more than 3 percent on Tuesday morning and hit a new peak of 26,198 rupees per 10 grams, tailing a rally in the world market and on a weak rupee.
Gold notched a new high on Monday as investors ran to the precious metal for safety amid collapsing stock markets.
Coeur d'Alene Mines swings to a profit in the second-quarter as its Palmarejo mine in Mexico contributes record output and record low costs.
Low fixed operating costs and rising silver prices lifted the second-quarter results of Canada's Silver Wheaton. CEO Randy Smallwood suggests that within three or four years, depending on confidence or the lack thereof in the U.S. dollar, silver could reach $100 per ounce.
Gold vaulted to record highs above $1,700 an ounce on Monday, surging nearly 3 percent as European Central Bank's buying of Italian and Spanish bonds failed to ease debt fears after Standard & Poor's cut the top-notch AAA credit rating of the United States.
Shares of major gold mining companies notched fresh gains in midday trading Monday as the price of the precious metal topped $1,700 per ounce.
