GOLD

IBTimes Logo

Futures Rise Ahead of Data, FedEx Jumps

Stock index futures rose on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.

World's Largest Jewelry Retailer Goes Public

Gold sculpture in a Chow Tai Fook store
For tycoon Cheng Yu-Tung, 86, listing his jewellery retailer Chow Tai Fook, the world's largest, on the Hong Kong Stock Exchange paves the way for his younger generation to strengthen its position in China's glittering market.

Futures Higher Ahead of Data Flurry

Traders work on the floor of the New York Stock Exchange
Stock index futures were higher on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.
More news
IBTimes Logo

Euro zone anxiety sparks selloff in risky assets

Stocks fell on Wednesday as weak commodity prices sparked a selloff in the energy and materials sectors and as a falling euro and high Italian bond yields kept Europe's debt crisis in focus.
IBTimes Logo

Alaska's Nixon Fork Mill, Mine Resume Operating

Fire River Gold Corp said it resumed operations at its Nixon Fork mine in Alaska on Tuesday night, three days after it suspended operations at the mine and mill as bad weather prevented fuel-carrying aircraft from landing at the site.
Gold bars in Hong Kong

Gold, Silver Prices Plunging in Massive Selloff

Gold and silver assets were plunging dramatically Wednesday, with prices for bullion falling below their 200-day moving average for the first time since 2009 and shares of precious metals miners dropping hard.
Grasberg mine

Freeport Indonesia, Strikers in 2-Year Wage Pact

Freeport McMoRan Copper & Gold Inc. and its Indonesian union signed a pay deal on Wednesday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official and the company said.
Gold jewelry

World's Biggest Jewellry Maker to Import More Gold

India's Rajesh Exports, the world's biggest jewellery maker, expects to raise gold imports 17 percent next year to power its renewed thrust in the competitive and fragmented local jewellery market as a cushion against a volatile export market, its chairman said on Wednesday.
Gold bullion coins known as Krugerrands are pictured in the mint where they are manufactured in Midrand outside Johannesburg

Gold Falls for 3rd Day, Price Drop Since Wed 6%

Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
A man looks at a stock quotation board outside a brokerage in Tokyo

Stocks and Euro Fall After Fed Rejects New Stimulus

Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
Gold Bars

Gold Prices Fall to Two-Month Low

Gold prices slipped Tuesday, its seventh consecutive daily decline, to a two-month low as the dollar posted big gains in light trading.
San Juan Silver Project

Hecla Acquires 100% of Big Colorado Silver Project

Hecla Mining Co., the largest U.S. silver producer, acquired the remaining 30 percent interest in a prolific Colorado silver project that it did not already own, the Idaho-based company said Tuesday.
Caviar

Caviar latest treat on Swiss luxury menu

Dressed in a surgeon's white garb, Caviar Meister Tobias Felix slits open the slimy, grey skin of the sturgeon on the table in front of him to reveal Switzerland's latest luxury delicacy.
220 kg block of gold

Gold ETF Holdings Massive But Stable

The amount of gold held in exchange-traded products is near record highs and although the gold price is suffering from investors' desire for the safety of cash, the risk of this $116 billion stash of bullion being jettisoned is distant.
IBTimes Logo

Endeavour Silver Sees Guanajuato Reserve Increase

Canadian miner Endeavour Silver Corp said it has discovered two high-grade silver-gold zones at its Guanajuato mine in Mexico and expects a substantial increase in reserves and resources at the mine at the year-end.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.