U.S. stocks sagged on Thursday as traders cashed in on red-hot bank and technology shares, while the Federal Reserve's commitment to easy money to help the U.S. economy rebound weakened the dollar.
News of Heidi Klum's divorce from Seal, after seven years of what seemed to be wedded bliss, rocked Tinsletown on Monday. But it may not be the bitter end for the beautiful couple. In an interview with Piers Morgan, Seal said a reconciliation may happen, after Heidi Klum is seen wearing her wedding ring.
A tankless toilet so inspired Japan's Panasonic Corp. that the company will end their production of water-logged toilets and focus on the design alternative.
The Tigers formally introduced their new first baseman on Thursday at a press conference at Comerica Park.
Fortuna Silver Mines Inc., one of Latin America's fastest growing silver producers announced Thursday its silver production in the last year rose by 31 percent, the fifth consecutive year the company's production grew.
The price of gold was up 1.57 percent in afternoon trading to $1,726.8 while the price of silver is up 1.77 percent to $33.71.
The Chinese New Year celebration is expected to increase strong demand for gold in Asia, according to industry experts.
Russia-focused gold miner Petropavlovsk said on Thursday its full year output will rise 11 percent to 680,000 ounces in 2012, having beaten last year's target on the back of higher output at its flagship Pioneer mine.
Gold miner Avocet Mining said full-year production beat its guidance after output from its flagship Inata project in Burkina Faso recovered strongly in the last three months of 2011, boosting its shares.
First Uranium's third-quarter gold sales dropped 5 percent and uranium production fell 14 percent from the prior quarter due to accidents at its Ezulwini mine in South Africa, and the miner cut its full-year gold production forecast.
European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
Gold prices jumped Thursday after the Federal Reserve surprised markets by saying ultra-low interest rates will continue through 2014.
Equities, commodities and the euro extended gains Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth.
Federal Reserve Chairman Ben Bernanke said Wednesday the central bank was ready to offer the economy additional stimulus after it announced it would likely keep interest rates near zero until at least late 2014.
Silver is currently on a bullish cycle and the price of bullion is likely to rise from current levels around $32 per ounce to $50 and beyond this year, Swiss banking giant UBS said in a note to clients Tuesday.
Gold rallied 2 percent on Wednesday, rising above $1,700 an ounce for the first time since mid-December after the U.S. Federal Reserve said it will likely not raise rates for longer than previously expected due to a sluggish economic recovery.
Gold prices struggled Wednesday to hold recent gains as the dollar rose and investors awaited results of the Federal Reserve's two-day meeting on interest rates.
Chinese New Year began Jan 23, and it seems the Year of the Dragon appears to bring good luck to some Australian miners.
Gold fell on Tuesday as a lower euro, due to an impasse to restructure Greek debt, and weakness in crude oil and equities prompted investors to take profits.
Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.
Anglo Asian Mining reduced its gold production in Azerbaijan by 15 percent year-on-year to 57,068 ounces in 2011 from 67,267 ounces in 2010, the company said on Tuesday.
Kyle Williams, the San Francisco 49ers' wide receiver whose two fumbles may have caused the team a chance at the Super Bowl, has said he takes the blame for mistakes.