GOLD

Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop

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Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.
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$3B WWII Wreck and Other Sunken Treasures Around the World

Treasure hunter Greg Brooks claimed he has located the wreck of a World War II British merchant ship that was carrying a load of platinum now worth $3 billion. The ship was torpedoed by a German U-boat off Cape Cod during World War II and should Brooks' location of the ship proves accurate, he will find one of the richest sunken treasures ever discovered.
Platinum ingot

Sunken Wreck Holds $3B in Platinum ... Maybe

A Maine seafarer said he had found the wreck of a World War II merchant ship off the Massachusetts coast, sunk while carrying a cargo of the precious metal platinum valued today at nearly $3 billion, an unprecedented find that has raised some doubts.
India increases base import price of gold, silver

Gold Prices Hold Steady; Heading for 5th Winning Week

Gold prices held steady on Friday, on course for a fifth straight week of gains, as investors awaited a key U.S. labor market report after upbeat jobless claims data in the previous session helped send bullion to a two-month high.
Asian Stock Market

Asian Shares, Euro Fall Ahead of U.S. Jobs Data

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.
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Asian Stocks, Euro Slip as Investors Await U.S. Jobs Data

Asian shares and the euro fell Friday as caution set in ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on and undermined sentiment.
Gold Keeps up Rally after Best January in 32 Years

Declining Investor Confidence Helping Gold Prices -- Analysis

Gold prices rose for a second straight day on Wednesday in correlation with the euro. It came on the same day that the Global Investor Confidence index measured by State Street Global Markets fell just more than two points, suggesting that the continuing economic turbulence is fueling investors to seek out more stable assets like gold.
Gold mining executives meeting in Toronto for an annual prospectors' convention have been buzzing about the relatively weak valuation their stocks have seen in recent times, scratching their heads regarding what they should be doing about it, the Financia

Italy's Biggest Scrap Gold Buyer Sees Bright '12

OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.

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