Silver Mining Companies Jump; Price of Silver Surges
Shares of silver mining companies charged out of the gate Friday, posting huge gains as the price of white metal also rose.
Gold Miners Surge Along with Price of Gold
Gold mining company stocks jumped shortly after trading began Friday as the price of the yellow metal surged and the broader market resumed its downward spiral.
Gold Price Vaults to Record High
Gold vaulted 1.4 percent in the first two hours of trading Friday amid mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
Silver Surging Twice As Fast As Gold
The price of silver rose early Friday at a rate that was nearly double the rate at which gold is rising.
Gold Shoots to Record High on Global Fears
Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.
SA Mineworker Union Rejects Pay Raise Offer; Arbitration Coming
South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration.
Copper Price Steadies After Big Drop
Copper steadied on Friday, pausing for breath after the previous session's hefty falls, although growing concerns about a slowdown in the United States and a debt crisis in Europe weighed on sentiment and capped further gains for the metal.
Rusoro Unfazed by Chavez Nationalizing Gold Industry
Toronto-listed miner Rusoro appeared unfazed on Thursday by President Hugo Chavez's move to nationalize Venezuela's gold industry, saying it believed the decision only targeted illegal miners.
Gold Rallies more than 2 Percent to Another Record
Gold prices rallied more than 2 percent to a record highs on Friday as investors sought refuge from a second day of hefty losses on the stock markets, hurt by deepening concerns over slowing economic growth and the outlook for euro zone banks.
So Much for Gold's Record High; it Didn't Help the Miners
Shares of large gold mining companies took it in the neck Thursday, falling along with the broader stock market even as the price of gold notched a fresh record.
How to Invest in Gold in Two Simple Steps
You're interested in buying gold. How could you not be? Every other day or so it notches a new record high. So what do you do, especially with all the choices?
Gold Demand to Remain High for Rest of Year - Study
The global demand for gold will remain high for the rest of the year, the World Gold Council said Thursday in a report.
Gold Closes at Record High on Weak U.S. Economic Data
Gold close at a fresh high Thursday as investors sought safety from fresh evidence that the U.S. economy is struggling and not-so fresh evidence that Europe's debt problems are far from over.
Gold Jumps 2 Percent On Signs U.S. Economy Is Stalling
Gold rallied 2 percent to new high above $1,820 an ounce on Thursday, after U.S. economic data pointed to a stalled economy, while renewed concern about the health of European banks brought safe-haven buying.
Why Gold Hit Another Record
Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
World's Central Banks Increasing Gold in Their Vaults
The news that Venezuela plans to repatriate 211 metric tons of its gold held internationally is part of a global trend that has been underway for nearly two years as the worldwide economic environment becomes increasingly shaky, an analyst said Thursday.
U.S. Gold Mining Company Now Minting Gold Coins
A Colorado-based gold mining company has started minting its own gold coins with a view to paying shareholders their dividends in the precious metal.
High Silver Price Drives Individuals to Cash in
Surging silver prices has private individuals looking to sell jewellery, silver service items or heirlooms made of precious metals, much as the record high price of gold has driven many people to sell their gold for cash.
Gold Vaults to Record As Stocks Plummet
Gold soared to a new record Thursday as the stock market plummeted on concerns that European banking woes could spread to the United States.
Gold Climbs on the Futures Markets
Traders on the U.S. futures market bid up the price of gold to a record high early Thursday on continued concern about the slowing economies of both Europe and the United States.
Higher Inflation, More Jobless Claims Lift Gold ETFs
Shares of exchange-traded funds back by gold and silver rose in premarket trading Thursday as the U.S. government reported a higher-than-expected increase in inflation and an increase in jobless claims.
What's Behind Chavez Nationalizing Venezuela's Gold Industry
Venezuela will nationalize its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said Wednesday in a combative step ahead of his re-election.
Asian Buyers to Lift Demand for Gold - Analysis
Gold demand fell in the second quarter but is still expected to rise in the full year as Asian buyers add to holdings and interest in the metal as a haven is stoked by worries over U.S. and euro zone debt, the World Gold Council said on Thursday.
Fear, Strengthening U.S. Dollar Lift Gold
Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.
Gold Rallies Toward Record High
Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.
Inflationary Pressures, Franco-German Proposals Lift Gold
Gold rose on Wednesday on a combination of increased inflationary pressure and ideas this week's Franco-German proposals will not solve the euro zone debt crisis.
Gold Sets New Record, Just Shy of $1,800
Gold settled at a record high Wednesday and silver closed modestly higher after surging in the first few hours of trading and then seeing gains pared in the afternoon.
Silver Prices Rise in Early Trading, Miners Up Too
Silver rose in early U.S. trading Wednesday and shares of several large silver mining companies also gained in premarket trading.
Gold Prices Higher in Early U.S. Trading
Gold rose Wednesday but shares of gold mining companies were mixed in premarket trading, indicating that optimism about the yellow metal is doesn't automatically transfer to companies that mine the precious commodity.
South Africa to Charge Unit of AngloAmerican
South Africa's government will lay criminal charges against Kumba Iron Ore over its application for a mining right over the company's Sishen mine it did not yet own, a lawyer for the minerals department said Wednesday.
