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.
Gold surged more than 1 percent to a record high above $1,850 an ounce Friday, as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
Gold surged to record highs on Friday for a second consecutive session as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
Gold surged to record highs Friday for a second consecutive session as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
India's centuries-old gold industry is the world's biggest market for the metal, with imports meeting almost all the country's 800-900 tonnes per year requirements for jewellery and investment.
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 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.
The recent deaths of three North American athletes have nudged the spotlight away from doping and concussions to shine a light on another of elite sport's darkest secrets -- depression.
Gold rallied to its second record high in a week on Thursday, driven by growing investor unease over the outlook for the U.S. economy after data showed an unwelcome pickup in inflation, and over the lack of resolution to the European debt crisis.
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.
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.
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.
Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.
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 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.
A national study on child well-being was published on Wednesday, finding that 14.7 million children were poor in 2009 across the United States. The number represents 20 percent of the nation, and represents a 2.5 million increase from 2000.
Silver rose in early U.S. trading Wednesday and shares of several large silver mining companies also gained in premarket 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.
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.
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 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.
The apparent suicide of the estranged husband of "Real Housewives of Beverly Hills" cast member Taylor Armstrong this week was the latest in a series of scandals surrounding popular TV reality shows.
