After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.
Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
Polyus Gold, Russia's top gold producer, reported a first half net profit of $206.8 million in the first half of 2011, nearly double year-on-year, due to a rise in the price and demand for the precious metal.
Canadian gold miner Agnico-Eagle Mines said it will buy Mexico-focused junior peer Grayd Resource Corp for about C$275 million($279.6 million) in cash and stock to focus on early stage gold projects.
Impala Platinum, the world's second-largest producer of the precious metal, said on Thursday a Zimbabwe government threat to remove the licence of its unit in the country Zimplats' had fallen away.
Toronto's main stock index pushed higher on Tuesday morning, following a steep sell-off in the previous session, as U.S. oil prices rose and Wall Street rallied on strength in the banking sector.
Surging auto sales in China could give a lift to palladium, a precious metal that has a critical industrial function in the catalytic converters of cars and trucks.
Silver and gold both fell Friday but the white metal was off proportionately more because unlike gold, which is a pure play store of value, silver has a significant and growing role in various industrial applications.
The precious metal that we see on earth today has come from the sky, claimed the geologists from the University of Bristol.
A new study shows that most of the gold and other precious metals found in Earth today came from outer space after a mammoth meteorite shower slammed the planet.
The Zimbabwean unit of Impala Platinum, the world's second-largest producer of the precious metal, said the government had taken steps to revoke its operating licence and it remained in talks with authorities.
3.9 billion years ago, a meteor shower which lasted for 200 million years brought gold on Earth, scientists revealed in a new research.
The Zimbabwe unit of Impala Platinum, the world's second largest producer of the precious metal, said on Thursday that the Zimbabwe government had taken steps to revoke its operating license but it remained in talks with authorities.
Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.
According to a new research precious metals arrived on the earth when a cataclysmic meteor shower pounded our planet 3.9 billion years ago.
Precious metal arrived our planet in a 200 million-year long meteor shower that battered the Earth 3.9 billion years ago, scientists revealed in a new research.
Spot gold rebounded Wednesday in Singapore trading by as much as 0.8 percent from a sharp slide off the record high in the previous session.
Canadian gold miner Northgate Minerals said it agreed to be bought by peer AuRico Gold for C$1.46 billion ($1.48 billion), and ended a deal with Primero Mining .
Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
Gold prices tumbled for the past days, falling around 10 percent from its peak reached on Tuesday.
World stocks edged up on Thursday while gold fell sharply as investors took an optimistic view of how clearly the Federal Reserve will commit to supporting the economy at a gathering this week.
Gold extended losses on Thursday to fall as much as $200 from Tuesday's record high, as investors cashed in scorching gains in the metal after the CME Group hiked trading margins for the precious metal for a second time this month.
