Watch for More Gold Price Declines in Near-Term - Analyst
Commodities saw volatile movement last week, driven by intensifying talk of U.S. double-dip recession, spreading of sovereign crisis from the European periphery to core economies, speculations of U.S. Fed's easing measures, and supportive macro-economic data.
Newcrest Mining Plans Focus on Asia
Newcrest Mining , the world's No.3 gold miner, plans to focus on expanding in Asia, where it will spend A$9 billion ($9.3 billion) to boost its gold output by 50 percent over the next five years.
Uranium Resources Reports Dwindling Cash
Uranium Resources Inc. said Monday that, as of July 31, it had about $7.2 million in cash compared to $11.1 million at the end of March and $15.4 million at the end of last year.
Brigus Gold Swings to First Half Profit, Shares Soar
Brigus Gold Corp. swung to a profit in the first half of the year on a huge jump in production, lifting shares Monday of the Canadian mining in premarket trading.
Asian Stocks Rise, Gold and Swiss Franc Decline
Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Harmony Gold Posts Drop in Quarterly Profit
Harmony Gold, the world's fifth largest gold producer, reported a 67 percent drop in quarterly profits that fell short of market expectations as power rates and the costs of a troubled asset it recently bought took a bite from its earnings.
Beware Junior Gold Miners - Analyst
With recession fears weighing on equity markets, resource investors would do well to steer clear of speculative Canadian mining plays and put their cash into producing miners with strong balance sheets.
San Gold Trims Quarterly Loss on Stronger Output, Higher Prices
San Gold Corp's quarterly loss nearly halved helped by higher production and soaring bullion prices.
Gold Prices Ease for Third Session
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.
Gold, Silver Prices Slightly down, Stock Prices up for Second Day
Gold and silver prices retreated Friday as investors shrugged off weak consumer sentiment data to step back into stocks and give the S&P 500 a two-day winning streak for the first time since mid-July.
Gold Price Retreat is Just a Pause - Barclays Capital
The retreat Friday in the price of gold marks a pause, nothing more, in the precious metal's ascent, according to a Barclays Capital report.
Turns Out it Really is Hip to be Square
This year's explosion in gold and related assets comes on the 25th anniversary of a hit single that offers an uncannily relevant message for the Wall Street establishment: It is "Hip to Be Square."
Gold, Silver Company Stocks Off as Broader Market Gains
Gold and silver mining company stocks fell Friday as the broader equity markets posted gains, extending for a second day their rebound from this month's horrendous downdraft.
Gold Extends Dip from Record as Risk Appetite Firms
Gold prices fell on Friday, extending the previous session's retreat from record highs as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
Primero Mining to be Listed on NYSE
Toronto-based Primero Mining Corp., a precious metals producer, said Friday it expects its common shares to begin trading on the New York Stock Exchange on Monday under the symbol "PPP."
Denver-Based Company Mining for Gold in Alaska
WestMountain Index Advisor Inc. said Friday it has begun a drilling program at its flagship Bonanza Terra Gold Project, which has the potential to produce more than one million ounces of gold, in Alaska.
Global Inflation: the Dog that Won't, and Can't, Bark
An anorexic under doctor's orders to put on weight might fret unnecessarily about getting fat one day.
Panning for Gold: Strike it Rich or Just Have Fun
With the wild ride on the world's markets enough to give even the most seasoned investors the jitters, everyone is talking about gold.
Short-Selling Ban Spurs Tentative Recovery
European stock markets rallied on Friday as a ban on the short-selling of financial shares tempted investors back into the battered banking sector, although concerns over the health of French banks kept the mood edgy and trading remained volatile.
Euro Goldfields Q2 lLoss Narrows, Olympias on Schedule
Mining company European Goldfields, which secured a long-awaited Greek permit last month, posted a narrower pretax loss for the second quarter and said it had made "major progress" with its Olympias project, on track for first production next year.
As Gold Prices Surge, Cash-for-Gold Frenzy Fades
Handing out flyers at the corner of 47th Street and Fifth Avenue in New York City's Diamond District, Mariabi Peenya is having trouble finding passersby eager to sell their gold jewelry for cash.
Rush to gold shakes up staid French market
A surge in prices to all-time highs has galvanized the French retail gold market, for long a dusty corner beloved of coin investors, drawing in ordinary punters but also the unwelcome attention of armed robbers.
Gold Prices Ease in Europe
Gold prices eased in Europe on Friday, extending the previous session's retreat from record highs, as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
Gold Eases after CME Hikes Margin
Gold eases off the session's record highs after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth buoyed sentiment.
Gold, silver price retreats as stocks rebound
Gold and silver settled lower Thursday after investors returned to stocks amid encouraging news from the Labor Department and stricter margin requirements from the CME Group Inc., which runs US futures markets.
Pan American Silver swings to quarterly profit on higher prices
Pan American Silver Corp. said Thursday it swung to a profit in the April through June quarter on higher metal prices.
Gold, silver mining company stocks slide as broader market gains
Shares of gold mining companies fell Thursday as the broader stock market rebounded on bargain hunting and encouraging US jobs data.
Royal Gold Sees Big Jump in Net Income, Revenue
Royal Gold Inc., which holds royalty interests in gold producing properties, said Thursday net income for the April through June period jumped 106 percent as new properties began commercial production and a labor dispute ended.
Spot Gold Price Slides After Margin Hike, Stocks Gain
Gold slid from record highs Thursday as investors cashed in some of the previous session's near 3 percent gains after U.S. stocks opened higher and following a move by CME Group to hike margins for trading COMEX gold futures.
Forty Years after Gold Standard is Dropped, Gold 'Bugs' Crow
Gold, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold, not shifting currencies, is the foundation of wealth and security. Gold is back, for good.
