European stocks opened on a positive note Wednesday, following gains on Wall Street overnight and in Asia on reports that Greece was close to reaching an agreement needed to qualify for a second bailout.
Gold broke a two-day losing streak on Tuesday on light volume as the euro rose, but sellers matched buyers to keep the price in a narrow range.
Randgold Resources is pointing to Congo as the next area to fuel growth for the gold sector, eyeing prospects similar to those of booming West Africa as the miner nears production for Kibali, potentially one of Africa's largest gold mines.
European stocks were up around midday on Friday, hitting a six- month high as investors cheered data that hinted the euro zone may avoid slipping back into recession, eclipsing a disappointing start to the earnings season.
Asian shares and the euro fell on Friday as debt restructuring talks between Greece and its creditors dragged on, undermining sentiment, and investors sat tight ahead of U.S. jobs data that will offer more clues on the health of the world's top economy.
Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.
Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.
The broad asset rally which the U.S. Federal Reserve inspired by pledging to keep rates low decelerated on Friday as investors awaited the outcome of Greek debt talks and U.S. gross domestic product data. Asian stocks paused.
Russia-focused gold miner Petropavlovsk said on Thursday its full year output will rise 11 percent to 680,000 ounces in 2012, having beaten last year's target on the back of higher output at its flagship Pioneer mine.
European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
Gold prices jumped Thursday after the Federal Reserve surprised markets by saying ultra-low interest rates will continue through 2014.
Equities, commodities and the euro extended gains Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth.
Apple's first quarter in the post-Steve Jobs era was a success.
Asian shares rose on Wednesday, underpinned by strong earnings from U.S. technology giant Apple, stabilizing European money markets and falling eurozone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
Russian steelmaker Severstal said on Monday that a planned London listing of its Nord Gold mining unit would proceed after investors representing 10.6 percent of the share capital in the business participated in a share swap.
European shares fell on Friday after sources said credit rating agency Standard & Poor's was set to go through with a long-mooted downgrade of several eurozone countries, weighing on sentiment for riskier assets such as equities.
Gold prices struggled to hold recent gains Friday as a successful Italian bond auction buoyed optimism about the direction of the Eurozone's economy.
Europe's markets closed mixed on Thursday after a profit warning from retail heavyweight Tesco and weak U.S. retail and labor data more than offset relief from successful Spanish and Italian debt auctions.
Gold prices, which already this week broke above a key resistance level, barreled on Thursday toward a one-month high.
Gold prices rose 1.5 percent near a closely watched level Tuesday to a three-week high as the dollar weakened and stocks rallied.
