Gold Down on Sense That Bernanke Will Signal Support for Economy
World stocks edged up on Thursday while gold fell sharply as investors took an optimistic view of how clearly the Federal Reserve will commit to supporting the economy at a gathering this week.
Gaddafi Will Try to Sell Libya's Gold - Bank Official
Muammar Gaddafi will try to sell part of Libya's gold reserves to pay for his protection and sow chaos among tribes in the north African country, said his former central bank governor Farhat Bengdara.
Japanese Retail Interest In Gold Rising
For Eriko Ebina, standing outside a downtown Tokyo medical equipment store that has a side business buying gold, the recent surge in prices for the precious metal was just too tempting.
Harmony Gold Not a Takeover Target - CEO
Harmony Gold may be undervalued but the world's fifth largest gold producer was not vulnerable to a take-over bid, Chief Executive Officer Graham Briggs said.
Gold Extends Losses after CME Margin Hike
Gold extended losses on Thursday to fall as much as $200 from Tuesday's record high, as investors cashed in scorching gains in the metal after the CME Group hiked trading margins for the precious metal for a second time this month.
High Gold Price Spurs Amateur Panning for the Precious Metal
On his days off, Cordell Kent drives with his family about an hour into the eastern Australian countryside, lays out a picnic blanket and then joins hundreds of other families panning for gold in hopes of striking it rich.
Beward of Gold Scams - FINRA
The independent Financial Industry Regulatory Authority warned investors Wednesday about investment scams that promote gold stocks whose real value is difficult to calculate.
4 Reasons Gold Will Rise, Sooner Than Later
The big price drop Wednesday in the price of gold is not the beginning of a trend, say analysts, but rather a pause in a longer term bull market that has a lot farther to run.
Gold Falls More than 5 Percent
Gold fell Wednesday in electronic trading as investors took profits, economists heralded a positive indicator and Wall Street held its collective breath that the chairman of the U.S. central bank would signal support in a key speech later this week.
Silver Prices Lead Precious Metals Retreat
Silver prices and silver stocks led the descent Wednesday of precious metals with some silver mining companies falling more than 7 percent.
Gold Plunges, Stocks Rise, Dollar Gains
Gold prices dropped on Wednesday and were headed for their biggest two-day loss since the peak of the financial crisis, while the dollar rose as investors bet a speech by the Federal Reserve chairman later this week will not reveal any major central bank initiatives.
Allied Gold Mining Optimistic About Prospects in Papua New Guinea
Australia-based Allied Gold Mining plc said Wednesday it is not concerned about possible changes to legislation in Papua New Guinea regarding resource extraction.
Gold Price Down; Precious metals ETFs Fall
Gold and silver prices plunged Wednesday as a strengthening stock market and hope that the U.S. central bank will take steps to boost the American economy dimmed the appeal of precious metals as a safe haven.
Gold Falls Hard as Stocks Rally on Economic News
Gold prices dropped sharply Wednesday after a strong U.S. durable goods report, profit-taking by investors and encouraging news from the Congressional Budget Office about the deficit.
Gold Falls as Strong Durable Goods Report Hits Precious Metals
A strong durable goods report Wednesday helped reverse a short-lived rebound in precious metals, which had been gaining early in the day on a downgrade of Japan and worries that economic growth in both the U.S. and Europe was tepid at best.
Moody's Downgrade of Japan Lifts Gold
Gold bounced back on Wednesday after suffering its worst setback in 18 months, as risk appetite retreated on Japan's debt rating downgrade, while oil and metals were supported by hopes the U.S. would inject fresh stimulus to boost the economy.
Freeport McMoRan Copper & Gold, Indonesian Workers Extend Talks
The deadline for pay talks between Freeport McMoRan Copper & Gold and its Indonesian workers has been extended until the end of this week, with little progress made so far, a union official told Reuters on Wednesday.
Spot Gold Rebounds in Asian Trading
Spot gold rebounded in Singapore overnight on Wednesday from its worst day in 18 months, while bullion's safe-haven appeal seemed to be waning for now with investors returning to riskier assets on hopes of more stimulus for the U.S. economy.
Japanese Gold Investors Start to Cash in
For Eriko Ebina, standing outside a downtown Tokyo medical equipment store that has a side business buying gold, the recent surge in prices for the precious metal was just too tempting.
Harmony Gold Sees Output Jump
South Africa's Harmony Gold Mining Co , the world's fifth-largest gold producer, said on Wednesday output for its 2012 financial year should rise to between 1.45 million ounces and 1.55 million from around 1.3 million in 2011.
Gold Futures Price Falls on Profit-Taking
Gold prices were falling steadily late Tuesday in electronic trading as investors took profit from recent gains and bought stocks in expectations that the Federal Reserve will intervene in the bond market to give the anemic U.S. economy a lift.
Virginia Earthquake 2011: First-Person Report from Epicenter
Residents of Mineral, Va., where an earthquake measuring 5.9 on the Richter originated Tuesday, reported extensive damage to key buildings and the shutdown of a nearby nuclear power station.
Musicians Watch Speakers Shake During Quake
The earthquake that struck central Virginia on Tuesday afternoon interrupted musicians working in a studio in Richmond, Va., some 40 miles southeast of the quake's epicenter.
Electronic Trading in NYC Continues Through Earthquake
Electronic trading on the CME Comex division of the New York Mercantile Exchange continued Tuesday despite the effect of an earthquake that measured 5.8 on the Richter scale.
Gold Gives up Some Ground on Profit Taking, Fed Prospects
Gold closed down 1.6 percent as investors ignored mixed economic news to take profits from recent gains and to put their confidence in the head of the U.S. central bank whom they hope will use a speech later this week to signal support for the ailing American economy.
Kim Kardashian Wedding Inspires Gold Commemorative Coin
Fans of American reality TV star Kim Kardashian who want a keepsake of her $10 million wedding may soon have a chance to buy a solid gold commemorative coin celebrating the queen of glam's over-the-top nuptials.
Gold Pulls Back from $1,900 with 2.4% Drop
Gold dropped 2.4 percent on Tuesday from the record $1,917.90 it achieve the day before as investors moved out of safe-haven assets like precious metals and U.S. Treasuries for stocks and other riskier assets.
Gold Price Retreats More Than 1 Percent
Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
Plans to Nationalize Platinum Mines, Other Foreign Assets, Roils Zimbabwe Govt.
A decree by Zimbabwe's government that foreign mining companies must submit plans for turning over majority control of their operations to locals has divided top officials into supporters and opponents.
Precious Metals Retreat with Treasuries
Precious metals fell in early U.S. trading Tuesday, along with Treasuries, as investors appeared set to return to riskier assets like stocks.
