DRDGold Posts Big Earnings Increase
DRDGold , South Africa's fourth largest gold producer, said on Monday its headline earnings more than doubled as it lifted output during a period when the gold price steadily advanced.
AuRico Gold to Buy Canadian gold miner Northgate Minerals for $1.48 Billion
Canadian gold miner Northgate Minerals said it agreed to be bought by peer AuRico Gold for C$1.46 billion ($1.48 billion), and ended a deal with Primero Mining .
China's Retail Investors Acquiring Appetite for Gold
Record gold prices, rather than denting China's enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.
Early Asian Price Decline Eases
Gold prices eased a touch in holiday-thinned trade on Monday as investors took bets on higher prices off the table, disappointed by a lack of clear guidance from the Federal Reserve on Friday on the options for U.S. economic stimulus.
Irene Downgraded to Tropical Storm; Danger Remains
Hurricane Irene is not a hurricane any more: it was demoted to a tropical storm after its sustained winds fell below 74 mph to an average of 55 mph.
Australian Gold Production Up 10 Percent
A drive to benefit from record bullion prices lifted Australian gold production by 10 percent, or 24 metric tons, to 270 metric tons in the 2010/11 financial year, maintaining Australia's No. 2 ranking behind China, a sector survey released on Sunday showed.
Tropical Storm Irene New York: City that Never Sleeps Wakes to Torrential Rain, High Winds, Storm Surge
Hurricane Irene roared into New York City shortly after dawn Sunday with winds gusting to 70 mph and a storm surge threatening the boardwalk of Rockawy Beach and other low-lying areas of Queens, Brooklyn and Manhattan's financial district.
World Stocks, Gold Rise After Bernanke Speech
World stocks rose 1 percent and the dollar fell on Friday as Federal Reserve Chairman Ben Bernanke left the door open for future U.S. economic stimulus.
Hurricane Irene Shuts Mid-Atlantic Gas Terminals; Major Pipelines Halt Flows
Major petroleum pipelines in the United States began partial shutdowns Friday, the result of terminals supplied by those pipelines closing ahead of Hurricane Irene's arrival.
Gold, Silver Post Gains but Still Are Down for the Week
Gold rose Friday nearly 2 percent after the head of the U.S. central bank, in a closely analyzed speech, declined to signal more money printing as a way energize the moribund U.S. economy.
Comex Has Contingency Plans to Cope with Irene
The CME Comex division of the New York Mercantile Exchange has contingency plans to open normally Monday, despite the potential for havoc from Hurricane Irene.
Gold Mining Stocks Falling but Gold Price Rises
Shares of major gold mining companies fell Friday in midday trading, after the head of the U.S. central bank used a closely-watched speech to indicate that the Federal Reserve had no immediate plans to stimulate the lagging economy with another round of bond buying.
Stocks, Gold Rise after Bernanke Speech; Fed Not Likely to Intervene
Stocks rose Friday after Fed Chairman Ben Bernanke used a closely-followed speech to express optimism about the U.S. economic recovery but offer no hint that the central bank would intervene, as it did after his last such talk.
Bernanke Speech: How is it Affecting Markets?
Fed Chairman Ben Bernanke's speech Friday at a closely watched meeting in Jackson Hole, Wyo.,
Gold, Silver Up in Early U.S. Trading as Fundamentals Reassert Themselves
Gold and silver rose Friday in electronic trading as investors returned to the precious metals on concerns over soverign debt worries on both sides of the Atlantic, weakness in the banking sector and sluggish growth in the U.S. and Europe.
Tiffany & Co. Shares Jump on Strong Quarterly Results
Tiffany & Co., the iconic jewelry store chain, said Friday net earnings for the three months ended in July jumped 33 percent as stronger global sales offset higher expenses and the company raised its full-year outlook.
Strike Planned at Big Copper, Gold Mine in Indonesia
Workers at Freeport McMoRan Copper & Gold's Grasberg mine in Indonesia plan to stage a strike in coming days after talks with the company failed to resolve a pay dispute , a move that could tighten global copper supplies and lift prices.
Whither Safe Havens: Which Ones Will Be Safe Tomorrow?
This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are billed as.
Russia's Central Bank to Offer Gold-Backed Loans
Russia's central bank will offer gold-backed loans for up to 90 days at an interest rate of 7 percent, it said in a statement on Friday, expanding its lending facilities for dealing with any future liquidity crunch in the banking system.
Gold Rises 1Percent in European Trading
Gold prices arrested this week's slide on Friday to rise nearly 1 percent ahead of a speech from Federal Reserve chairman Ben Bernanke in Jackson Hole, Wyoming, later, which will be closely watched for hints on the outlook for Fed monetary policy.
Gold Steady in East Asian Trading
Spot gold was steady on Friday, but was likely to register its first weekly drop after seven straight weeks of gains as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
Gold Prices Fall but Then Recover; Silver Steadily Climbs
Gold prices fought off an early drop to post modest gains Thursday as investors thought better of the yellow metal's value as a safe haven.
Bernanke Speech: What Will Fed Chairman Say?
Fed Chairman Ben Bernanke's much-anticipated speech Friday will likely disappoint investors and policy makers hoping for signs the central bank will try to rev up the weak economy, but the speech is likely to relieve gold investors who have booked big profits from that same economic malaise.
Gold Reverses Early Loss, Posts Gains
Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
Gold Fields Ltd. Warns of Spurious Web Sites
Gold Fields Ltd., a major gold mining company, warned Thursday that there were several Web sites that use Gold Fields branding and purport to be investment vehicles on behalf of the company.
Silver Price Rises as Gold, Stocks Fall
The price of silver rose Thursday as stocks fell and the price of gold extended its losses for a third day.
Gold Extends Price Decline on Margin Hike
The price of gold extended losses Thursday after the Chicago Mercantile Exchange, the world's largest derivatives market, raised margin requirements on gold futures for the second time in a month.
Euro Rising; Some See Gold Weakness As Cause
The euro inched up against the dollar on Thursday, tracking gains in European shares on speculation the Federal Reserve may signal more economic stimulus measures, but analysts saw the risk of a correction if such expectations are not met.
SPDR Gold Trust Says Holdings down 2.2 Percent
SPDR Gold Trust said its holdings fell 2.2 pct, in its biggest one-day drop in seven months, as gold futures slid more than $100 on strong U.S. economic data and ahead of a key Federal Reserve meeting.
Glencore International Posts Big 1H Profit Gain
Commodities trader Glencore International posted a 50 percent rise in headline first-half profit and said it saw opportunities emerging from turbulence in its key markets as commodity demand remains strong.
