Venezuela Mulls Moving Gold Bullion out of U.S., Europe
Venezuelan President Hugo Chavez may transfer billions of international reserves from Europe and the United States into banks in nations like China, Russia and Brazil, an opposition lawmaker said on Tuesday.
Gold Mining Companies in Peru Agree to Higher Royalties
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, sources on both sides of negotiations between companies and leftist President Ollanta Humala's government said on Tuesday.
European Trading Nudges Gold Higher
Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.
Gold Hovering Near Record Level
Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.
Gold Sets Record High: Three Reasons Why
The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.
Gold Sets New High: Three Reasons Why
The price of gold notched a record Tuesday because three forces collided in a virtual perfect storm for the markets.
Why Today's Record High Gold Price Matters
The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.
Wall Street Slides; Gold Sets Record
Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
Gold Sets Another Record As Stocks Fall
Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
Gold, Silver Rise But Miners Fade
Gold and silver prices rose Tuesday but companies that mine the precious metals fell as the broader market gave up recent in a clear signal that investors don't have much confidence in Europe's ability to solve its sovereign debt concerns.
3 Reasons to Buy Gold
Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.
Gold to Exceed $2,000/Ounce Next Year - Barclays Capital
Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.
Kinross Gold to Sell $1 Billion in Debt Securities
Canadian gold mining company Kinross Gold Corp. said Tuesday it will sell $1 billion in unsecured debt securities for general corporate purposes, including funding for capital expenditures, with closing of the offering set for next Monday.
Gran Colombia Gold Posts Loss in 2Q
Gran Colombia Gold Corp., the largest underground gold and silver producer in Colombia, said Tuesday it posted a net loss in the second quarter of $11 million, or 4 cents per share, after a one-time charge on its merger with Medoro Resources Inc.
Gold, Silver Shares Mixed in U.S. Premarket Trading
Premarket trading of gold and silver mining companies were mixed Tuesday in a tight range as stock index futures pointed to a lower open and commodities like crude oil and copper were down.
Yukon Nevada Gold Reports Big Quarterly Profit Surge
Yukon Nevada Gold Corp said its quarterly profit rose five-fold due to higher production and a gain on warrants, and it expects to achieve production run rate of 150,000 ounces by end of 2011.
Big Investors Held On To Their Gold ETFs Last Quarter - SEC Filing
The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.
High Costs Cut Profit of SA's Royal Bafokeng Platinum
South Africa's Royal Bafokeng Platinum reported a 20 percent drop in first-half profit on Tuesday, hit by higher operating costs, and said it expected further costs increases.
G-Resources Delaying Indonesian Venture
G-Resources Group Ltd , backed by Mount Kellett Capital and BlackRock Inc , is delaying production of its $1 billion gold mine in Indonesia to the end of the first quarter next year due to adverse weather conditions and harder ground conditions than previously expected.
Euro Zone Concerns Lift Gold But Silver Eases
Gold prices rose on Tuesday as concerns over the financial health of the euro zone resurfaced ahead of a summit in Paris between French and German leaders, at which they will try to thrash out a solution to the bloc's debt crisis.
Gold Prices Hold Gains
Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices.
Merger Monday: Does Wall Street Have its Mojo Back?
The stock market made it three up days in a row Monday, thanks to slew of acquisitions that has observers wondering if Wall Street is getting back its Mojo.
MAG Silver Swings to a Profit in Second Quarter
MAG Silver Corp., a junior mining company based in Vancouver with operations in Mexico, said it swung to a profit in the second quarter and trimmed its loss for the first half of the year.
Precious Metals Move up with US Stock Market
Merger news and strong demand from Europeans lifted gold and silver prices Monday, as well as shares of the companies that mine the precious metals.
Time Warner Cable Paying $3B for Insight Communications
Time Warner Cable Inc. said Monday it will pay $3 billion in cash for cable operator Insight Communications Co. Inc., which has more than 750,000 customers in Indiana, Kentucky and Ohio.
Silver Assets Show Broad-Based Strength
Silver prices and the shares of silver mining companies rose Monday along with the price of gold and the broader U.S. stock market.
Swiss Franc Falls to Two-Week Low
The Swiss franc dropped to two-week lows against the euro and dollar on Monday on speculation the Swiss National Bank could further act to curb strength in the currency by setting an exchange rate target as early as this week.
Tanzania Aims to Raise Royalties on Gold Miners
Tanzania plans to conclude negotiations with mining companies early next month to allow the government to raise royalty payments on gold exports to 4 percent from 3 percent.
Gold Prices Easing As Commodities, Cyclicals Recover
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
European Demand Causes Gold, Silver Price Rise in Early U.S. Trading
Gold and silver prices rose Monday in early U.S. trading as Europeans bought unusually large volumes of the yellow metal.
