PRECIOUS METAL

Gold rebounds 1 percent ahead of Jackson Hole meeting

Gold Drops Another 1 Percent

Gold fell more than 1 percent Thursday, extending the previous session's losses, after the CME Group (CME.O) raised trading margins by the most in more than two and a half years to curb volatility.

Shanghai Gold Exchange to Admit Aussies, Kiwis

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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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One kilogram gold bars are seen in this picture illustration

Gold Rallies 2 Percent to Record, Equity Rout Persists

Gold prices rallied more than 2 percent to a record highs on Friday as investors sought refuge from a second day of hefty losses on the stock markets, hurt by deepening concerns over slowing economic growth and the outlook for euro zone banks.
Strikers

S.Africa's municipal workers strike over wages

More than 200,000 South African municipal workers walked off the job on Monday, a trade union said, in a strike which intensifies labour strife that has rocked Africa's biggest economy.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa's rand steadies, stocks rise

South Africa's rand steadied against the dollar on Friday but faced further losses after a turbulent week in which it hit its weakest levels in more than a year as investors spooked by debt woes in the U.S. and Europe fled to safer havens like the yen.
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Rush to gold shakes up staid French market

A surge in prices to all-time highs has galvanized the French retail gold market, for long a dusty corner beloved of coin investors, drawing in ordinary punters but also the unwelcome attention of armed robbers.
One kilogram gold bars are seen in this picture illustration

Spot gold reverse early losses on econ worries

Spot gold reversed early losses, putting it back on track for its best week since January 2009 as worries about the euro zone debt crisis and global growth drive investors to safe havens.
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'Radical Growth of World Gold Price' Spurs Ukraine to Start Mining

Ukraine, whose government estimates it has 2,500 to 3,00 tons of gold, will start large-scale mining for the precious metal to cash in on "the radical growth of the world price of gold," the State Service of Geology and Mineral Resources of Ukraine said Wednesday.
U.S. Federal Reserve Chairman Ben Bernanke

Easy Money Is No Way to Deal With a Credit Crisis

Now that Uncle Sam has dug itself into a $14 trillion hole, it?s the American taxpayer who should be warning Ben Bernanke and his government cronies about the irrationalities of their exuberant paper printing.
Gold

Gold holds firm after U.S. data

Gold held firm after upbeat U.S. labor market data soothed immediate fears of a recession, but longer-term uncertainty about economic growth and concerns about the euro zone debt crisis supported demand for the precious metal.
Gold

Gold bounces as Asian stocks dive; premiums steady

Gold edged up more than half a percent on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its largest economies.
Striking rail and port workers demanding a 15 percent increase in salary

S.Africa mines union considers new Implats pay offer

South Africa's National Union of Mineworkers said on Thursday Impala Platinum had improved its wage offer in a bid to avert a strike which could impact production at the world's second-largest producer of the precious metal.
A gold bar carrying the Euro sign

Gold firms a touch, eyes on debt talks

Gold firmed a touch on Thursday, lifted by concerns over a potential U.S. debt default as lawmakers in Washington argued over deficit-cutting measures, and lingering fears that the euro zone debt crisis could spread.
Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
U.S. Rep. Ron Paul speaks during the Republican Leadership Conference in New Orleans

Ron Paul to Bernanke: 'Do You Think Gold is Money?'

Longtime Federal Reserve antagonist U.S. Rep. Ron Paul, R-Texas, was at it again on Wednesday, criticizing Federal Reserve Chairman Ben Bernanke, the head of world's most powerful central bank, for a faltering economic recovery and suggested the country would be better off investing in gold.

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