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.
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.
There haven't been any official conversations. But after the big "Rise of the Planet of the Apes" opening last weekend, the movie's writer/producers not only expect a sequel or two -- they are prepared for them.
Republicans in Wisconsin's Senate emerged from Tuesday's special recall elections with their majority intact, parrying four out of six Democratic challengers who sought to ride a wave of voter anger at a controversial law that sharply curbed unions.
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.
In the Wisconsin recall elections, quite possibly the most contentious in state history, Republicans managed to fend off the Democrats and barely hold onto their state Senate majority.
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 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.
Vancouver-based Fortuna Silver Mines Inc. said Wednesday it expects commercial production from a Mexican mine to beging Sept. 1.
Wisconsin voters kept in place four of six Republican state senators in an historic and special recall election Tuesday, preserving a Republican majority in the state Senate and endorsing an aggressive cost-cutting agenda epitomized by a controversial law to curb unions.
The words 'pensioner's paradise' might no longer a reality for many elderly people as most pension schemes are losing sheen. The final salary based-pensions that are indirectly dependent on the stock market might go for a toss and keep the pensioners at bay due to the sharp fall in the markets.
Sharply higher prices offset lower quality ore and reduced output to double Hecla Silver's second quarter results.
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.
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 vaulted to record highs above $1,700 an ounce on Monday, surging nearly 3 percent as European Central Bank's buying of Italian and Spanish bonds failed to ease debt fears after Standard & Poor's cut the top-notch AAA credit rating of the United States.
A first-ever debt downgrade of U.S. government bonds plus worries over contagion in Europe drive investors to the safety of gold.
Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
Bullion roared to a record on Monday above $1,700 an ounce as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
Big, brash and confident as ever, Simon Cowell said on Friday that his upcoming "The X Factor" would thrash the competition on U.S. television and topple "American Idol" as the nation's most-watched show.
Big, brash and confident as ever, Simon Cowell said on Friday that his upcoming "The X Factor" would thrash the competition on U.S. television and topple "American Idol" as the nation's most-watched show.
Gold held firm after upbeat U.S. labor market data soothed immediate fears of a recession, but longer-term uncertainty about economic growth and concerns about the euro zone debt crisis supported demand for the precious metal.
When Charles Berry started his career as a bonds trader in 1993, he used to draw "point and figure" charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
