GOLD

Gold Tumbles but Rebounds to Near Starting Price

Machinery at Cortez Mine
Gold prices fell Wednesday as investors sold the metal to raise cash but bargain hunting and short covering pared the losses so the yellow metal ended the session just shy of its opening price.
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Gold pellets

Freeport-McMoRan, Indonesian Union in Wage Talks

Freeport McMoRan Copper & Gold and its Indonesian union are discussing a possible pay deal to end a three-month strike that has crippled output from the world's second biggest copper mine, which would double pay for some skilled workers.
Ron Paul

Ron Paul 2012: What Are His Positions?

Ron Paul, R-Texas, a libertarian congressman, has gained popularity recently among likely Republican voters in Iowa and New Hampshire. Here are his positions on the issues.
The Bank of Korea, South Korea's central bank, for the second time this year, raised its holdings of gold in November as part of measures to diversify its portfolio of foreign exchange reserves. In a statement on Friday, the Bank of Korea said it purchase

Gold Rebounds Amid U.S., Eurozone Debt Crisis

Gold prices have recouped its losses as the failure of the U.S. congressional committee to reach a deal on reducing the budget deficit and the ongoing eurozone crisis brought back the bargain hunters.
Man looks at an electronic board displaying stock prices outside a brokerage in Tokyo

Global Stocks Hit 6-Week Low

World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.
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Peru OKs Newmont Mining's Environment Plan for Conga

Peru's government said on Tuesday the environmental impact plan for Newmont Mining's $4.8 billion Conga gold project was basically sound, seeking to reassure neighbors that the proposed mine would not pollute their water supplies.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks higher, bill keeps investors nervous

Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.
Traders at the CME

CME to Launch Cleared OTC Gold in Europe by Yearend

The CME Group, the world's leading derivatives market place, is on target to launch cleared over-the-counter gold in Europe by the end of 2011, and wants to boost the number of contracts it clears, a top official said on Tuesday.
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Magma Metals to Spin Off Aussie Gold Projects

Mining company Magma Metals Ltd said it plans to spin off its West Australian gold projects into a new exploration company, to focus on its platinum-palladium-copper-nickel project in Ontario.
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Anglo Asian Mining Sees Gosha Mine Output by '13

Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013 after the successful launch of production at the neighbouring Gedabek mine, the company said on Wednesday.
Ghana Project

AngloGold Ashanti Sees Gold Output up 27% by '15

African, Australian and Colombian prospects will play a key role in boosting AngloGold Ashanti Ltd.'s gold output to 5.5 million ounces by 2015, the world's third-largest gold mining company said Tuesday.
TSX little changed, Kinross drop offsets China

TSX may edge up, helped by commodity recovery

Canadian stocks looked set to open slightly higher on Tuesday, in line with stronger commodity prices, though there were signs the respite from worries over U.S. and European government debt could be temporary.

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