Gold Outlook Strong: Technical Analysts Say Bull Run Intact
It's hard to be upbeat about gold these days, but technical analysts are keeping their faith in the long-term bull run -- just barely.
Gold Prices Jump More Than 4%, Snapping 3-Day Losing Streak
Gold prices rose more than 4 percent Tuesday, breaking a three-day losing streak, on optimism that Germany this week will approve an expansion of Europe's bailout fund and a decline in the U.S. dollar.
Zimbabwe Launching Probe of Foreign-Owned Miners
Zimbabwe will soon probe foreign-owned firms to establish their level of compliance with a law requiring them to sell at least a 51 percent shareholding in their Zimbabwean operations to locals, an official said on Tuesday.
Dollar Down, Eurozone Hope Up, Gold and Silver Rally
Spot gold rallied more than 1 percent and U.S. gold futures as much as 4 percent on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback.
Gold Prices Rebound More Than 3%, Dollar Falling
Gold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.
India's Commodity Exchanges: Will Politics Hinder Growth?
India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.
Gold Fell Monday 4%, Margin-Hike Liquidation Cited
Gold tumbled nearly 4 percent Monday, hit by momentum selling and heavy liquidation by commodity hedge funds triggered by another sharp margin hike.
Silver, Silver Miners Post Gains on Optimism about Europe
Silver rose more than 2 percent Monday after investors gained confidence that Europe leaders would be able to handle a Greek default without letting the rest of the continent or its struggling banks suffer.
Gold Price Down, Silver Falls but Recovers
Gold prices fell 2.7 percent Monday, its fourth day in a row to decline, as investors raised cash to cover losses and a touch of optimism about Europe drew investors back into the stock market.
Ivanhoe Mines Plummets as Mongolia Presses for More Control of Oyu Tolgoi
Shares of Ivanhoe Mines fell more than 12 percent on Monday after Mongolia said it plans to renegotiate a landmark deal related to the development of the huge Oyu Tolgoi copper-gold project.
Silver Prices Climb 14% in Volatile Midday Trading
Silver prices, which have lost more than a quarter of their value in the last four trading sessions, clawed back Monday into positive territory as bargain hunters took advantage of the white metal's recent discount.
Commodities Bounce off Session Lows on Hope about Europe
Commodities bounced off lows on Monday after one of the biggest sell-offs since the 2008 financial crisis turned into cautious buying on hopes that Europe would prevent its debt crisis from dragging down the global economy.
High Gold Prices Extend Life of Mali's Top Mine
Record high gold prices will allow Mali and its partners to continue producing from the country's top gold mine until 2020, seven years past the initial closure date, the government said on Monday.
Gold to Remain as a Hedge, Despite Recent Falls - Analyst
Gold will continue to serve as a hedge against risk on a longer-term basis despite recent falls, given the lack of other safe-haven assets to protect investors against global economic uncertainty, a manager at Stenham Asset Management said.
Gold Toppling from Record High: Could the 11-Year Bull Run be Over?
Gold's toppling from record highs, culminating in Monday's unprecedented $120 price plunge, has investors asking whether a decade-long bull run is over. History would suggest that while gold has taken a beating, it is far from down and out.
4 Reasons Gold Prices Will Rise Again
Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts.
Goldgroup Mining in Deal to Become Sole Owner of Caballo Blanco
Goldgroup Mining Inc. said Monday it will buy Almaden Minerals Ltd.'s 30 percent stake in the Caballo Blanco project in a deal that will make Goldgroup the 100 percent owner of the Mexican gold project.
Gold Price Recovers, Rising from Overnight Collapse
Gold prices recovered from huge overnight losses Monday before paring losses to about 1 percent. Still in the last three days the precious metal has now lost more than 9 percent of its value in its biggest three-day drop since 1983.
Gold Discovered in Philippines by Mindoro Resources
Mindoro Resources Ltd. said it found high-grade gold at its Lobo mine in Batangas Province, the Philippines.
Copper Slumps to 14-Month Low
Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
Mongolia Seeks Faster Pace to Boost Oyu Tolgoi Mine Share
The Mongolian government will seek to accelerate the timetable to increase its stake in the country's giant Oyu Tolgoi copper-gold project to 50 percent, Mining Minister Dashdorj Zorigt said on Sunday.
Gold Price Plunging Toward Biggest 3-Day Fall in 28 Years
Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone.
Some Freeport McMoRan Cooper & Gold's Indonesian Miners Return from Strike
About 4,200 workers at Freeport McMoran Copper & Gold Inc's Indonesian mine, mainly contractors and nonunion staff, have returned to work, allowing some mining to resume, but around 8,000 remain on strike, the firm's spokesman said on Monday.
Rio Tinto Open to Talks with Mongolia over Copper-Gold Mine
Global mining giant Rio Tinto will respond to any request from the Mongolian government to discuss its investment in the country's giant Oyu Tolgoi copper-gold deposit, but still expects the original 2009 agreement to be honoured.
DJIA in Worst Fall Since Depth of '08 Crisis
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserve about the U.S. economy.
CME Raises Gold Margins
The CME Group, the world's largest commodities exchange, raised its margin requirement on trading 100-ounce gold futures by 21.4 percent, the third rise since July.
Gold Prices Plunge More Than $100 Per Ounce
Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
HOW TO PLAY IT: As gold turns to dust, cleaning up portfolios
In years past, gold often acted as a safe haven when stocks were falling, and it hit a record in August while equities struggled. Now, however, it's mired in its worst selloff in decades. What does it mean for investors who see gold as a core portfolio holding?
Gold Sets Record for One-Day Fall
Gold crashed more than $100 lower on Friday as a slide turned into a freefall, with weeks of volatility, renewed strength in the dollar and talk of hedge fund liquidation wrecking its safe-haven status.
Silver Mining Companies Tumble into Bear Territory
Silver mining companies suffered acute losses Friday, with many posting double-digit drops in their share prices.
