GOLD

Gold Gives up Some Ground on Profit Taking, Fed Prospects

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Gold closed down 1.6 percent as investors ignored mixed economic news to take profits from recent gains and to put their confidence in the head of the U.S. central bank whom they hope will use a speech later this week to signal support for the ailing American economy.
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Gold Price Retreats More Than 1 Percent

Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
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Spot Gold Soars to All-Time Nominal High

Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
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Hochschild Mining Posts Strong 1H Results

Latin American precious metals miner Hochschild Mining posted its highest-ever first-half profit, driven mainly by strong gold and silver prices, and said it was on track to meet its full-year production target.
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Vietnam OKs Import of Gold by Domestic Firm

Vietnam's central bank has authorized at least one domestic firm to import more gold to help cool soaring prices and state-run newspapers said it may open the market to unlimited imports to narrow the gap between local and world quotes.
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Shanghai Gold Exchange to Admit Aussies, Kiwis

Australia and New Zealand Banking Group's China unit has received regulatory approval to trade gold futures on the Shanghai Futures Exchange, it said on Tuesday, becoming the second foreign bank allowed access to the country's gold futures market.
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Gold Settles Back After Breaking through $1,900

Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
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Shanghai Gold Exchange to Raise Gold Margins

The Shanghai Gold Exchange said on Tuesday that it will raise trading margins on three gold spot-deferred contracts to 12 percent from 11 percent from Aug. 26 to limit trading risks following recent wild price swings.
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Miranda Lambert's trigger happy Pistol Annies

Miranda Lambert's fourth solo album is due in October, and, if experience is any guide, it'll be a strong contender for the year's best country album. Suddenly, though, she's facing some strong competition for that title from … herself.
Rocket shoots skyward

Gold Price Cracks $1,900: New Record on Safe-Haven Buying

The price of gold ripped past $1,900 per ounce Monday, boosted by fears of enough wealth-destroying developments to erase any doubts that the world's oldest safe-haven investment is still the world's No. 1 safe-haven investment.
Rev. Martin Luther King Memorial

Martin Luther King Memorial Unveiled; Dedication Sunday

The Rev. Martin Luther King memorial opened to the public Monday on the National Mall in Washington. The memorial will be formally dedicated on Sunday Aug. 28 on the 48th anniversary of King's I Have a Dream speech. President Barack Obama is scheduled to speak at the dedication.
Gold bullion

Harmony sees no threat from PNG ownership

The CEO of Harmony Gold, the world's fifth largest gold producer, said reported plans to shift mineral ownership in Papua New Guinea to local communities from the state would complicate negotiations but nationalisation was not being discussed.

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