GOLD

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Sudanese-Canadian gold mine to expand

Sudan plans to double gold production at its main mine run together with Canada's La Mancha Resources within around two to three years and launch a copper production by 2015 or later, company officials said.

S.African stocks book worst quarter since Q2 2010

Johannesburg stock exchange
South African stock prices edged lower on Friday, concluding the worst quarterly performance for over a year, as concerns about the euro zone debt crisis weighed on resource companies and others sensitive to global demand.

Gold Prices Hover in $35 Range

Gold bar
Gold prices hovered in a $35 range Friday, virtually spending the day unchanged, as investors fleeing sinking U.S. and European stocks divided their options between the greenback and the yellow metal.
Gold pellets

Central Banks' Gold Buying Helps Lift Gold Prices

Central banks' gold buying is lifting the price of the precious metal in a trend that analysts expect to continue even if widespread predictions of a price rise to $2,000 by year-end comes true.
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Gold up 1%, On Track for Biggest Quarterly Gain This Year

Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative.
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Russia's Polymetal Aims for Premium Listing on LSE

Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.
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European Stocks Set for Worst Quarter Since 2008

European stock index futures fell Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.
Gold and silver bullion

Gold Holds Gains but Heads for Worst Month Since Oct. '08

Gold jumped more than 1 percent on Friday after Germany's approval for expanding the euro zone bailout fund offered temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
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Gold Prices Rise in Choppy Trading

Gold prices rose on Thursday in choppy trade, with strong physical demand and gains in the euro lending support, but investors remained cautious towards the precious metal after this month's intense volatility.
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Mongolia's Mining Contract Redo Has Risks & Rewards - Analysts

Mongolia's quest to renegotiate a 2009 deal to develop the giant Oyu Tolgoi copper-gold deposit might create a crisis of trust for foreign investors, but analysts said the decision could help it through a difficult legislative session starting next week.
Freida Pinto

Freida Pinto versus L'Oreal: Guilty of Skin Lightening?

Freida Pinto's, the face of L'Oreal since 2009, skin seems to be noticeably lighter in a new advertisement for the L'Oreal Colors Take Flight make-up than the actress' natural shading. This is not the first time the company has come under fire.

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