Shares of large gold mining companies took it in the neck Thursday, falling along with the broader stock market even as the price of gold notched a fresh record.
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?
The global demand for gold will remain high for the rest of the year, the World Gold Council said Thursday in a report.
Gold close at a fresh high Thursday as investors sought safety from fresh evidence that the U.S. economy is struggling and not-so fresh evidence that Europe's debt problems are far from over.
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.
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Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
The news that Venezuela plans to repatriate 211 metric tons of its gold held internationally is part of a global trend that has been underway for nearly two years as the worldwide economic environment becomes increasingly shaky, an analyst said Thursday.
Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
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.
Oil fell more than $2 dollars on Thursday as a raft of poor economic data provided a fresh blow to shaky investor confidence and extended U.S. oil's losses to 13 percent so far in August.
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.
Gold soared to a new record Thursday as the stock market plummeted on concerns that European banking woes could spread to the United States.
Traders on the U.S. futures market bid up the price of gold to a record high early Thursday on continued concern about the slowing economies of both Europe and the United States.
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.
Venezuela will nationalize its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said Wednesday in a combative step ahead of his re-election.
Gold demand fell in the second quarter but is still expected to rise in the full year as Asian buyers add to holdings and interest in the metal as a haven is stoked by worries over U.S. and euro zone debt, the World Gold Council said on Thursday.
Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.
Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.
Gold demand fell in the second quarter but is still expected to rise for the full year as Asian buyers add to holdings and investors shift to it as a safe haven, the World Gold Council said Thursday.
Asian stocks fell Thursday on profit-taking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action.
