Perils of Paulson
The crown may be slipping fast from billionaire trader John Paulson's head.
South African Gold Miner Dead After 'Seismic Event'
AngloGold Ashanti , Africa's biggest gold producer, said on Thursday that a worker was killed at its Mponeng mine in South Africa after a seismic event, bringing mining operations to a halt in the affected area.
Flight from Stocks to Gold Will Last for Several Years - Analyst
Investors will abandon stocks and continue to chase gold over the next few years, based on an analysis of the spot gold to S&P 500 .SPX ratio, Reuters market analyst Wang Tao said.
Gold, silver prices climb as investors eye more sovereign debt downgrades
Gold and silver prices settled higher Wednesday as investors extended their retreat from stocks and bid up the precious metals on fears that France's sovereign debt would be the next nation's credit to be downgraded.
Endeavour Mining's Profit Rises on Higher Gold Output, Prices
Gold miner Endeavour Mining Corp's second-quarter profit rose, helped by higher production and sales as well as strong gold prices, sending its shares up 5 percent.
Gold set to widen premium over platinum
Gold is set to widen its premium over platinum after hitting parity for the first time in 2-1/2 years this week, with no end yet in sight to the potent cocktail of fear factors that are benefiting safe havens at the expense of cyclical assets.
Gold Steadies Near Lifetime High, Econ Worries Linger
Gold held steady on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
Volume on Gold Futures, Options Hits Record
CME Group, which owns the Chicago Mercantile Exchange and the Globex electronic trading platform for trading futures and options, said Wednesday it hit a record volume in gold futures and options.
Gold Tops $1,800 as France Supplies the Fear Du Jour
Gold climbed to a third record in a row on Wednesday, extending its best rally since 2008 as a dive in French bank stocks sent new shudders through anxious financial markets, sending U.S. stocks skidding.
Spot Gold Price Hits Record High
Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
Gold, Silver Prices up but Shares of Miners Mixed
Gold and silver prices rose Wednesday, but a falling stock market pulled down shares of silver mining companies and left gold mining company stocks mixed in midday trading.
Gold Resource Overcomes Storm to Swing to Profit in Second Quarter
Gold Resource Corp., which produces gold in southern Mexican state of Oaxaca, said Wednesday it swung to a profit in the second quarter on record output.
'Radical Growth of World Gold Price' Spurs Ukraine to Start Mining
Ukraine, whose government estimates it has 2,500 to 3,00 tons of gold, will start large-scale mining for the precious metal to cash in on "the radical growth of the world price of gold," the State Service of Geology and Mineral Resources of Ukraine said Wednesday.
Fortuna Silver Sees Commercial Production from San Jose mine by Sept. 1
Vancouver-based Fortuna Silver Mines Inc. said Wednesday it expects commercial production from a Mexican mine to beging Sept. 1.
Gold price hovers around record high in Asian trading
Gold held steady Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
How to Trade It: Is it too Late for Gold Fever?
Investors pondering a gold investment have a number of alternative routes into the precious metal, several of which are outlined below.
Gold at Record High After Nearly Hitting $1,800 Per Ounce
Gold rose Tuesday to another record high as U.S. stocks fluctuated in a narrow range and crude oil fell below $80 a barrel.
Hecla Silver's Second Quarter Net Income Nearly Doubles
Sharply higher prices offset lower quality ore and reduced output to double Hecla Silver's second quarter results.
Oil and Gas Company Stocks Rising Sharply
Oil and natural gas companies, whether integrated or independent, whether upstream or downstream, posted gains as investors picked up heavily discounted stocks.
Gold Keeps Rising Despite Rebound in Stock Market
Gold continues its climb to new heights even as U.S. stocks stage a rebound.
Inergy Reports Seasonally Weak Results
Inergy, a propane business and natural gas storage master limited partnership, posts a fiscal third quarter loss, largely in line with seasonal weakness.
Gold Hits a Record High as Investors Flee Stock Market Carnage
Gold notched a new high on Monday as investors ran to the precious metal for safety amid collapsing stock markets.
Coeur d'Alene Mines swings to profit on higher prices, greater output
Coeur d'Alene Mines swings to a profit in the second-quarter as its Palmarejo mine in Mexico contributes record output and record low costs.
Silver Wheaton Reports Strong Second Quarter
Low fixed operating costs and rising silver prices lifted the second-quarter results of Canada's Silver Wheaton. CEO Randy Smallwood suggests that within three or four years, depending on confidence or the lack thereof in the U.S. dollar, silver could reach $100 per ounce.
Gold Miners Rise Along with Their Commodity's Price
Shares of major gold mining companies notched fresh gains in midday trading Monday as the price of the precious metal topped $1,700 per ounce.
Gold Price Rises in Tandem With Fears
A first-ever debt downgrade of U.S. government bonds plus worries over contagion in Europe drive investors to the safety of gold.
Gold soars as markets shrug off G7, ECB pledges
Global investors flock to precious metal as safe haven.
