Canadian stocks ended slightly lower on Wednesday, weighed down by sharply weaker energy issues, as oil prices slid and investors remained cautious about Europe's debt crisis.
Prime Minister Stephen Harper plans to visit China next month as his government looks to open new markets for oil sands crude in the wake of Washington's decision to delay approval of a major pipeline from Alberta to Texas.
Gold prices extended gains into the second day on Wednesday, rising above the closely-watched 200-day moving average. The yellow metal is trading at around its highest level in a month, supported by strong physical demand from India and China.
Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
Ore grades will be approximately 6 percent lower in 2012 than in 2011 due to mine sequencing.
Canadian freestyle skiing champion Sarah Burke fell into a coma after sustaining an injury during a superpipe training run Tuesday at the Park City Mountain Resort in Park City, Utah, according to reports.
Brigus Gold Corp. said Wednesday exploratory drilling in Ontario will result in increased resource estimates of its Black Fox Complex.
Gold traders in India, the world's biggest buyer of bullion, stepped up buying for the upcoming wedding season, as gold prices stayed near the week's trough, giving silver a boost.
Freeport McMoRan Gold & Copper Inc's Indonesia's unit said on Wednesday it continued to ramp up production at its Grasberg mine where workers on Tuesday halted a gradual return at the end of a three-month strike.
Strong demand from China and India as well as short covering Wednesday extended a gold price rally that has lifted the yellow metal six percent since the end of last month.
Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Canadian stocks touched their highest level in two months on Tuesday as mining and energy issues rose on healthy import data out of China, which boosted investor optimism for the global economy.
Shares of silver mining companies rose on Tuesday as the price of the metal jumped, outperforming the rest of the market.
Gold prices rose 1.5 percent near a closely watched level Tuesday to a three-week high as the dollar weakened and stocks rallied.
Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
When Hollywood's top stars, including George Clooney, Angelina Jolie and Steven Spielberg, attend the Golden Globe Awards next week they will sip vintage champagne and nibble edible gold.
Compared to the year earlier period, silver production was up 25 percent for the quarter to 1.12 million ounces, while gold production was up 45 percent to 7,045 ounces.
India's central bank has allowed four more banks to import precious metals, a move that would boost competition and help reduce premiums in the world's biggest importer of bullion.
Gold producer Centamin posted a 10 percent rise in fourth-quarter output, boosted by higher production rates at its flagship Sukari project in Egypt, lifting its shares on Tuesday.
Gold prices rode a global stock market and commodities rally Tuesday break a two-day losing streak.
The shortstop was a 12-time National League All-Star and a three-time Gold Glove winner.
If you look at Larkin’s and Trammels’ careers, you will see some startling similarities.
