CME Group Inc., the biggest operator of U.S. futures exchanges, said it will more than double the amount of physical gold it can accept from its clearing members as collateral.
Gold prices jumped Monday as growing pessimism over Europe's finance's drove investors out of stocks, the euro and industrial commodities and into the U.S. dollar and the yellow metal.
European Goldfields said an investment deal with Qatar Holdings will enable it to fully finance projects in Greece at a time when its options were narrowing due to fiscal and economic uncertainty in the country.
Gold prices will rise by less than previously expected, according to a new short-term forecast by Swiss bank UBS released Monday.
Wealthy individuals should buy gold as the yellow metal has become an attractive investment following last month's sharp reversal, private bankers in Asia said on Monday.
Ivanhoe Mines said on Monday it has advised the Mongolian government it is not prepared to renegotiate a landmark ownership deal at the massive Oyu Tolgoi copper-gold project in Mongolia's South Gobi region.
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Gold retailers in the United Arab Emirates have to be more versatile with their products to avoid falling sales, a senior industry official said on Monday, defying retailers' complaints that the booming gold price has deterred customers.
Freeport-McMoRan Copper & Gold Inc said supervisory staff and volunteers are operating its Cerro Verde mine in Peru and production has not been hurt by a strike.
Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.
The top pre-market NASDAQ Stock Market gainers are: Vermillion, Yahoo, Randgold Resources, Power-One, and S1 Corp. The top pre-market NASDAQ Stock Market losers are: Sangamo Biosciences, Melco Crown Entertainment, Vitesse Semiconductor, Wynn Resorts, and Green Mountain Coffee Roasters.
Gold prices climbed more than 2 percent Monday, its third daily gain in a row, as Greece's draft budget confirmed the widely held vew that default is inevitable offset.
Gold headed for its third straight daily rise on Monday, having in September posted its largest monthly slide since 2008, after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Chinese gold miner and smelter Lingbao Gold Co. Ltd. said it would apply to issue up to 300 million Shanghai-listed A-shares to expand its business and repay debt.
African Barrick Gold is building a 14-kilometre wall around one of its Tanzanian mines as part of new security measures aimed at preventing future attacks by villagers seeking to steal gold ore.
Stock index futures were modestly lower on Monday, extending equities losses from the previous session as concerns over Greece's teetering finances returned to the forefront.
Gold strengthened further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the precious metal, which posted its the biggest quarterly gain this year, but a firm U.S. dollar could still cap gains.
America has on its priority list to build its students' skills in the areas of science, technology, engineering, and math, also known as STEM. But which schools are actually mastering teaching in these areas? The U.S. News & World Report for the first time released a list ranking math- and science-specific high schools.
Canadian opposition legislators mocked Foreign Minister John Baird on Friday after it emerged he had demanded gold-embossed business cards at a time when the government is pushing the need for austerity.
This past quarter was miserable for bullish U.S. stock investors. The bad news is, things may get worse before they get better.
The closest one may ever come to being touched by a deity may be at southern California's Bowers Museum when Warriors, Tombs and Temples: China's Enduring Legacy opens this week showing off an ornate case that holds a bone from the Buddha's finger.
Bruce Jenner wants to dance on Dancing With the Stars.
