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Gold Price Falls 3 Percent, Losing Safe-Haven Cred to Dollar

Gold prices fell about 3 percent Friday, setting up the third weekly decline for what has recently been touted as the pre-eminent safe haven.

Pre-Market NASDAQ Movers (SIGA, MOTR, AMSC, CLNE, VOD, PAAS, DRYS, GOLD, TQNT, ARMH)

The top pre-market NASDAQ Stock Market gainers are: SIGA Technologies, Motricity, American Superconductor, Clean Energy Fuels, and Vodafone Group. The top pre-market NASDAQ Stock Market losers are: Pan American Silver, DryShips, Randgold Resources, TriQuint Semiconductor, and ARM Holdings.

Peru's Congress Raises Taxes, Royalties on Mining Companies

Peru's Congress raised taxes and royalties on the lucrative mining sector on Thursday, handing a legislative victory to leftist President Ollanta Humala after he campaigned on promises to ramp up welfare spending.

Spot Gold Drops to Six and a Half Week Low

Gold hit a one-month low on Friday and was set to post its sharpest weekly drop since May, hit by a sell-off in the commodities complex and with some traders citing selling in the precious metal to cover losses in other asset classes.

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Traders work at their desks in front of the DAX index board at Frankfurt's stock exchange

European Stocks Seen up Despite Slide in Asia

European shares were poised to claw their way off 26-month lows on Friday, but Asian stocks slid on fears of renewed recession in the developed world and as a pledge from the G20 to preserve financial stability left investors largely unimpressed.

Commodity Investors Head for Exits

Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.

Traders work on the floor of the New York Stock Exchange

U.S. Stocks Beaten Into Submission by Recession Fears

The Dow has lost 6.74 percent over the past four days.

Ahmadinejad addresses the United Nations

Ahmadinejad United Nations Speech: Full Text Transcript

Attacking the U.S., September 11, NATO and a number of other topics, Iran's President Ahmadinejad gave a long, controversial address to the United Nations. Full text reprinted here.

Gold Prices Plunge as Global Pessimism Sparks Stampede on Dollar

Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.

Dow Down More than 400 Points; Every Component in the Red

U.S. stocks are suffering a massive sell-off, with the Dow Jones Industrial Average plummeting more than 400 points, in the wake of a grim outlook from the Federal Reserve. Treasuries are rallying, the yield on the 10-Year note is at 1.76 percent, an all-time low.

Gold Price Down More Than 3 Percent

Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve's move to boost U.S. growth lifted the dollar, which battered the commodities complex.

U.S. Stocks Plunging on Fed’s Grim Outlook on Economy

U.S. stocks have opened sharply lower in Thursday morning trading following an overnight plunge in global markets. Equities have tumbled largely in response to the Federal Reserve’s grim warning about the state of the U.S. economy and the establishment bond swap program.

Soros Joins Forbes Top 10 U.S. Billionaires List

Investor George Soros, at 81, has for the first time made the list of the 10 wealthiest Americans, Forbes Magazine reported on Wednesday in the 2011 edition of its annual rich list.

Anglo Asian Mining to Start Work in Azerbaijan

Anglo Asian Mining plans to start work at the Gosha gold mine in Azerbaijan in the second half of 2012 after the successful launch of production at the neighbouring Gedabek mine, the company said in a statement on Thursday.

Commodities Falling around the World, China Weakness Cited

Commodities skidded on Thursday as investors scrambled to liquidate after a U.S. Federal Reserve warning, coupled with signs of slower growth in China and Europe, stoked worries about slowing demand for fuels and metals.

Gold Price Drops on Fed's 'Operation Twist'

Gold prices plummeted more than 3 percent Thursday after the Federal Reserve pronounced the economy seriously ill but then prescribed what many traders and analysts saw as a virtual aspirin.

Freeport-McMoRan Says Indonesian Strike Cutting Output

Freeport-McMoRan Copper & Gold Inc is unlikely to meet third-quarter sales estimates because of a strike at its vast Grasberg mine in Indonesia.

Gold Price Falls in European Trading

Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar but pummelled global equities and hit the entire commodities complex.

Spot Gold Slips In Asian Trading

Spot gold slipped on Thursday under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the U.S. Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook.

Pakistani Province Objects to Barrick Gold-Antofagasta JV

Pakistan's Baluchistan province has objected to a mining lease being sought by a joint venture between Antofagasta and Barrick Gold, further delaying a major planned copper and gold project in the country's southwest.

World’s Cheapest Car Coated With Gold Worth $4.6Mln

Indian manufacturer, Tata, has launched a new gold and jewel encrusted Nano, three years after introducing it as the world's cheapest car.

This is a September 2009 artist conception of the James Webb Space Telescope, with the five-layer sunshield stretched out in space.

Astronauts Plead for Saving James Webb Telescope

Despite cost overruns, the James Webb Space Telescope, which is scheduled to replace the heralded Hubble, should still fly, plead NASA officials and leading astronomers.

Gold Fields Could Invest up to $2B in Filipino Venture

South Africa's Gold Fields Ltd. could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.

United to Reward Big-Spending Frequent Fliers in Revamped MileagePlus

United Continental Holdings Inc. unveiled its revamped MileagePlus Frequent Flier Program that rewards big-spending travelers.

Gold Falls on Profit Taking Ahead of Fed Announcement

Gold fell on Wednesday as investors booked profits on the metal's rally earlier in the day ahead of the outcome of a Federal Reserve policy meeting that many hope will confirm the central bank's strategy to kick-start U.S. growth.

Chinese Firm Launches Second Kyrgyzstani Gold Mine

Kyrgyzstan launched its second foreign-run gold mine on Wednesday after the Chinese owners settled a dispute with local residents, raising hopes that bigger projects could follow in the Central Asian state.

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