Gold Prices Edge Down in Global Securities' Downdraft
Gold prices turned lower on Tuesday, surrendering early gains as it was caught up in hefty losses across the financial markets due to heightened concerns over the prospect of a Greek default.
Bernanke to Congress: You Must Step up to the Plate
The head of the U.S. central bank Tuesday urged Congress to take four specific steps to lift the nation's economy, which is suffering from ailments more acute than he had thought only recently.
Gold Price to Rise Later This Year, $1,860 Target Remains - Goldman Sachs
Gold prices will rise later this year and into next year, Goldman Sachs said Tuesday, in a note expressing relative optimism about the near-term prospects for the global economy.
Gold Prices Fall as Investors Brace for Results of Greek Default
Gold prices fell Tuesday, weighed down by panicking investors preparing for the fallout of a Greek sovereign debt default -- damage to European banks and falling business activity on the continent and perhaps the U.S. -- by dumping stocks and abandoning the euro and buying dollars.
Gold Mining Companies Post First Consecutive Quarterly Net Hedging
Gold mining companies in the second quarter reported their first consecutive quarterly net hedging in 10 years, driven by new hedges by small producers, metals consultancy Thomson Reuters GFMS and French bank Societe Generale said on Tuesday.
CME Raises Margins on Platinum, Copper
The CME Group raised trading margins on platinum and copper futures, hoping to tame volatility in products that have fallen sharply as markets witness what is turning out to be the worst rout since the 2008 financial crisis.
U.S. Buyers Shun Conflict Minerals in Congo's East
A battered pickup truck pulling up to Huaying Trading's back street office in Goma is about all that remains of Congo's once-bustling resources business as an impending U.S. crackdown on so-called conflict minerals scares most buyers away.
Gold Gets Biggest One-Day Gain in a Month
Gold rose 1.6 percent on Monday, its biggest one-day gain in a month, as bullion resumed its role as a haven from turmoil following its worst monthly loss since the financial crisis in 2008.
U.S. Recession 2011 Scare: 14 Signs We're Already There
Signs of a U.S. recession, if not a global recession, are multiplying daily -- so much so that the cover on the latest issue of The Economist shows a black hole with the words, Be Afraid.
CME Group Doubles Amount of Bullion Acceptable as Collateral
CME Group Inc., the biggest operator of U.S. futures exchanges, said it will more than double the amount of physical gold it can accept from its clearing members as collateral.
Gold Prices Jump on Flight to Safety, Bargain Hunting
Gold prices jumped Monday as growing pessimism over Europe's finance's drove investors out of stocks, the euro and industrial commodities and into the U.S. dollar and the yellow metal.
European Goldfields Gets Investment from Qatar Holdings
European Goldfields said an investment deal with Qatar Holdings will enable it to fully finance projects in Greece at a time when its options were narrowing due to fiscal and economic uncertainty in the country.
Gold Price Forecast, for the Short Term, Lowered by UBS
Gold prices will rise by less than previously expected, according to a new short-term forecast by Swiss bank UBS released Monday.
Wealthy Advised to Buy Gold at Singapore Conference
Wealthy individuals should buy gold as the yellow metal has become an attractive investment following last month's sharp reversal, private bankers in Asia said on Monday.
Ivanhoe Mines Says 'No' to Changing Mongolia Contract
Ivanhoe Mines said on Monday it has advised the Mongolian government it is not prepared to renegotiate a landmark ownership deal at the massive Oyu Tolgoi copper-gold project in Mongolia's South Gobi region.
Gold Headed for Biggest 1-Day Gain in Nearly a Month
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Dubai Official Challenges Gold Retails to be More Versatile
Gold retailers in the United Arab Emirates have to be more versatile with their products to avoid falling sales, a senior industry official said on Monday, defying retailers' complaints that the booming gold price has deterred customers.
Freeport-McMoRan Copper & Gold Still Running Strike-Bound Cerro Verde Mine
Freeport-McMoRan Copper & Gold Inc said supervisory staff and volunteers are operating its Cerro Verde mine in Peru and production has not been hurt by a strike.
Gold Prices Climb More Than 2 Percent as Investors Flee Tottering Eurozone
Gold prices climbed more than 2 percent Monday, its third daily gain in a row, as Greece's draft budget confirmed the widely held vew that default is inevitable offset.
Gold Rising in Asian, European Trading
Gold headed for its third straight daily rise on Monday, having in September posted its largest monthly slide since 2008, after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Lingbao Gold to Issue up to 300M Shanghai-listed Shares
Chinese gold miner and smelter Lingbao Gold Co. Ltd. said it would apply to issue up to 300 million Shanghai-listed A-shares to expand its business and repay debt.
African Barrick Gold Building Wall around Mine for Protection
African Barrick Gold is building a 14-kilometre wall around one of its Tanzanian mines as part of new security measures aimed at preventing future attacks by villagers seeking to steal gold ore.
Peruvian Govt Brokering Talks with Striking Miners, Company
Peru's government was brokering wage talks on Friday to end another labor strike at Freeport-McMoRan's giant Cerro Verde mine, which churns outs 2 percent of the global copper supply.
Gold Prices Hover in $35 Range
Gold prices hovered in a $35 range Friday, virtually spending the day unchanged, as investors fleeing sinking U.S. and European stocks divided their options between the greenback and the yellow metal.
Central Banks' Gold Buying Helps Lift Gold Prices
Central banks' gold buying is lifting the price of the precious metal in a trend that analysts expect to continue even if widespread predictions of a price rise to $2,000 by year-end comes true.
Rio Tinto Fighting for Hearts and Minds in Mongolia
Global miner Rio Tinto is fighting a legacy of bad publicity as it tries to persuade the Mongolian public a $10 billion copper deposit it took over from Ivanhoe Mines last year is in safe hands.
Gold Price Tug-o-War: Buying in the East vs. Selling in the West
Gold prices gained steadily if modestly Friday as demand from India and bargain hunting offset a resumption of investor flight to dollar liquidity.
Gold up 1%, On Track for Biggest Quarterly Gain This Year
Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative.
Russia's Polymetal Aims for Premium Listing on LSE
Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.
Peruvian Miners Strike Freeport-McMoRan for Better Pay; Mining Work Continuing
Workers at Freeport-McMoRan's Cerro Verde mine in Peru went on strike for better pay on Thursday, but the company said there was no disruption from the mine that supplies 2 percent of the world's copper.
