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.
Gold set a new record Monday as investors fled stocks, weakening currencies and U.S. Treasuries for the safety of gold and gold-related assets.
Gold rallied almost 2 percent to a record near $1,900 an ounce on Monday as a sputtering global economy boosted expectations for further monetary easing, raising bullion's appeal as a hedge against inflation.
Canada-based Silvercorp Metals Inc. said Monday it is buying a controlling share of Zhongxing Mining Co. Ltd. and Chuanxin Mining Co. Ltd. for $10.4 million.
Silver company shares led mining stocks higher Monday with many of the major companies posting gains between 5 percent and 7 percent.
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Silver is set to sling-shot higher as it plays catchup to gold, creating big opportunities for investors, according to silver bulls.
Canadian miner Silvercorp Metals Inc said its majority unit agreed to buy a 90 percent stake in two Chinese mining companies for $4.3 million in cash.
Silver jumped early Monday by nearly 2 percent in what investors in the white metal hope will be the start of a rally that may resemble what gold has been experiencing.
The price of gold early Monday came within $2 of a record high $1,900 per ounce before settling back to 1.2 percent gain over Friday's closing price as a host of global economic worries drove investors into the security of the world's oldest form of money.
HP is pulling the plug on its TouchPad tablet after just over a month of existence, devastating the hopes of many for a viable iPad competitor, but there is a silver lining in the untimely demise.
Chris Drury retired from the National Hockey League (NHL) on Friday after a 12-season career where he earned a reputation as a solid two-way player and won a Stanley Cup championship.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
With gold prices vaulting 30 percent so far this year pawn shops and rare coin dealers are doing a land office business ... and close behind are the bad guys.
Before the stormy trading of August, many stock investors probably thought death cross was the name of some heavy metal band.
Gold rose 1.5 percent on Friday, setting a record high for a second straight day and heading for its biggest one-week gain in 2-1/2 years on worries about stalled U.S. growth and Europe's debt crisis.
U.S. Vice President Joe Biden, in China on a five-day charm mission, has worked hard with his hosts to inject a little amity into the sometimes fractious relationship, pulling punches but not his punch lines.
Investors started buying beaten-down stocks Friday, especially in the tech sector, to lift the Nasdaq composite index into positive territory and shortly thereafter boosting other major indexes.
The price of silver rose early Friday at a rate that was nearly double the rate at which gold is rising.
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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.
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.
