Gold prices, headed for their strongest January in three years, rose Tuesday as fears of a Greek sovereign debt default receded, the dollar weakened and crude oil and copper prices increased.
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.
Canadian mining company Semafo forecast its 2012 gold production, with the mid-point dipping below last year's output while cash costs rise.
Shaun White wowed fans late Sunday in the superpipe final at the Winter X games. White scored the first perfect score of 100 in Winter X Games history when he completed the first perfect back-to-back double cork. The 25-year-old snowboard superstar also won his fifth consecutive gold medal of the event.
Gilbert Arenas has been rumored to be on the Los Angeles Lakers' radar, but other teams should also consider signing him.
Harmony Gold plans on selling South Africa-based Evander Gold Mines for $219 million (1.7 billion rand) to Pan African Resources and Witwatersrand Consolidated Gold Resources
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
Gold eased on Monday, under pressure from a weaker euro, but was off session lows and still within sight of last week's seven-week highs, supported by evidence of improved investor demand.
Miner Centamin, which operates the first modern gold mine in Egypt, more than doubled its fourth-quarter operating profit and said it expects 2012 production to rise by more than 20 percent from last year, with cash costs easing.
Mineral exploration company Sandspring Resources Ltd raised its estimates for the measured and indicated resources at its Guyana gold-copper project and cut the project's pre-production capital costs.
ussian gold miner Highland Gold missed a reduced output forecast for 2011, producing 184,102 ounces of gold and gold equivalents during the year, citing poor ore quality at a key mine.
Copper fell on Monday, pulling back from a four-month high as demand prospects dimmed amid a lack of progress in talks to avoid a disorderly Greek default, tempting investors to cash in on January's rally.
Gold prices slipped Monday as the euro fell, global stocks declined and investors booked profits from recent gains.
Gold ticked lower Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but sentiment was supported by a firmer euro and lower-than-expected U.S. growth data.
The 2012 NRJ Awards took place at the Palais des Festivals et des Congres in Cannes and, even though world-famous singers like Shakira and Justin Bieber were in attendance, all eyes were on little-known French singer Shy'm.
Shareholders of InterDigital, owner of wireless patents, got a rude awakening when it canceled its company auction only days after Eastman Kodak filed for bankruptcy after failing to sell 1,100 patents. Is the patent gold rush over?
Two miners died at South Africa's Modikwa Platinum underground mine after a cave-in, bringing the number of workers killed at mines in the country this year to more than 10, the National Union of Mineworkers said Saturday.
The chosen sportswomen are a part of the brand's first global marketing campaign, meant to support the Olympic Games.
Gold prices posted a modest gain Friday, capping a three-day rally as well as a week in which the yellow metal jumped 4.15 percent.
Kate Middleton -- revered as one of the greatest fashion icons of 2011 - has been crowned Hat Person of the Year, by the Headwear Association.
The world's biggest hedge fund Bridgewater Associates posted returns of 23 percent in 2011, in a year when most of its peers underperformed the major stock market indexes, the New York Times reported, citing people familiar with the firm's investment strategy.
For the fashion elite, the Year of the Dragon marked a special inaugural festivity - Dragon Week. Dragon Week, created by Affinity China, was a week-long luxury trip designed specifically for wealthy Chinese travelers.
