GOLD

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 euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.

Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt

There's still no deal for a fourth "Austin Powers" movie, although actor-writer-producer Mike Myers and New Line Cinema are "in talks," Myers' publicist has re-confirmed to TheWrap.

The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.

The price of gold notched a record Tuesday because three forces collided in a virtual perfect storm for the markets.

The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.

Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.

Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.

Gold and silver prices rose Tuesday but companies that mine the precious metals fell as the broader market gave up recent in a clear signal that investors don't have much confidence in Europe's ability to solve its sovereign debt concerns.

Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.

South Africa's rand fell as much as 1.9 percent against the dollar on Tuesday, weighed down by a weak growth outlook for the country's main trading partner bloc and showing the worst performance among its emerging market peers.

Here are some things you may not have known about the man who made songs like ?Hound Dog? and ?Heartbreak Hotel? internationally beloved.

Ryan Tedder of "OneRepublic" who collaborated on a track with Lovato claimed that her comeback album, "Unbroken," will "shock everybody." "Demi blew me out of the water vocally!" He said at the Do Something awards. "I had no idea how good her voice is. She's one of the best singers I've ever worked with. Literally, that good...I mean, she's a Kelly Clarkson-level vocalist. And Kelly has a set of pipes."

Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.

Canadian gold mining company Kinross Gold Corp. said Tuesday it will sell $1 billion in unsecured debt securities for general corporate purposes, including funding for capital expenditures, with closing of the offering set for next Monday.

Gran Colombia Gold Corp., the largest underground gold and silver producer in Colombia, said Tuesday it posted a net loss in the second quarter of $11 million, or 4 cents per share, after a one-time charge on its merger with Medoro Resources Inc.

Premarket trading of gold and silver mining companies were mixed Tuesday in a tight range as stock index futures pointed to a lower open and commodities like crude oil and copper were down.

Yukon Nevada Gold Corp said its quarterly profit rose five-fold due to higher production and a gain on warrants, and it expects to achieve production run rate of 150,000 ounces by end of 2011.