GOLD PRICES

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Gold Prices Fall as Stocks Rise

Gold fell hard Wednesday when some investors took profits from the yellow metal's recent runup in price and other investors abandoned the yellow metal for stocks.

Spot Gold Drops by $94

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Spot gold suddenly dropped 2 percent Wednesday to as low as $1,826, nearly $100 off the all-time high above $1,920 hit in the previous session, tracking heavy losses on U.S. gold futures on technical selling.
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Hong Kong Shares Up; Gold Rises for Second Day

Hong Kong shares edged higher on Tuesday, as a late short covering rally helped snap a two-day losing streak, but strong gains in utilities names and low turnover suggest that investors remain skeptical the bounce can be sustained.
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Analysis: Gold Sales Won't Solve Europe's Problems

Europe's most indebted nations are under heavy pressure from their richer neighbors to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver -- or in their case, gold -- to do so.
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Gold Rises in European Trading

Gold prices recovered some early losses on Thursday after European stock markets fell, snapping a three-day rally, and as investors weighed up the prospect of a fresh round of quantitative easing from the U.S. Federal Reserve.
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Endeavour Mining Buy of Adamus Resources Done by November

Australia's Adamus Resources said on Thursday it expects a friendly takeover by Canada's Endeavour Mining Corp to be completed in early November, creating a West Africa-focused company producing a quarter million ounces of gold annually by 2013.
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Gold Price up 2 Percent, Silver Jumps 2.1 Percent

Gold prices jumped 2 percent Tuesday and silver surged 2.1 percent as some investors opted for the safety of precious metals and Treasuries amid continued worries about Europe's sovereign debt crisis and weakness in the American economy.
Gold and silver bars are pictured at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna August 26, 2011.

Asian Trading Lifts Gold As Bargain Hunters Go Shopping

Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.
Gold and silver bars are pictured at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna August 26, 2011.

Gold Rebounds from Previous Day's Drop

Gold regained strength Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing U.S. recession fears could limit gains.
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AuRico Gold to buy Northgate in C$1.46 billion deal

Mexico-focused miner AuRico Gold (AUQ.TO: Quote) has offered to buy Northgate Minerals (NGX.TO: Quote) for C$1.46 billion ($1.5 billion) in a friendly deal that would nearly double its output and expand its geographic reach as gold prices soar.
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Gold Prices, Treasuries Down as Stocks Climb

Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest from the safe-haven metal.
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Early Asian Price Decline Eases

Gold prices eased a touch in holiday-thinned trade on Monday as investors took bets on higher prices off the table, disappointed by a lack of clear guidance from the Federal Reserve on Friday on the options for U.S. economic stimulus.
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Australian Gold Production Up 10 Percent

A drive to benefit from record bullion prices lifted Australian gold production by 10 percent, or 24 metric tons, to 270 metric tons in the 2010/11 financial year, maintaining Australia's No. 2 ranking behind China, a sector survey released on Sunday showed.
Gold rebounds 1 percent ahead of Jackson Hole meeting

Gold Rises 1Percent in European Trading

Gold prices arrested this week's slide on Friday to rise nearly 1 percent ahead of a speech from Federal Reserve chairman Ben Bernanke in Jackson Hole, Wyoming, later, which will be closely watched for hints on the outlook for Fed monetary policy.

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