A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.
Chesapeake Gold expects to take on a partner for its massive Metates gold project or even sell it outright, its CEO said, adding that he's already heard from several interested parties.
Japan has launched a next-generation high-speed bullet train dubbed Hayabusa, which can reach 300 km in six minutes flat.
The price of gold may touch $5,000 an ounce in the next 4 to 5 years, California-based Capital Gold Group Inc. says.
To honor and celebrate the 100th anniversary of International Women's Day, Reese Witherspoon has collaborated with the Avon Foundation for Women to launch the Empowerment bracelet.
Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.
The dramatic rise in China's interest in silver is evident from the fact that the country imported an unprecedented 14 percent of global silver in 2010, whereas it was net exporter of silver till recently.
Gold rose above $1,430 an ounce on Friday, while silver surged 3 percent to 31-year highs, as soaring oil prices fueled by widening clashes in Libya prompted investors to pile into safe havens.
Holdings of the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, fell for a fifth consecutive month in February, data from the New York-based fund showed, the longest run of outflows since the trust's inception.
Prices for Dollar investors to Buy Gold crept higher to reach a new all-time record Wednesday lunchtime in London, as crude oil rose further above $100 per barrel and world stock markets fell for the eighth time in nine sessions.
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The silver market has greeted the revival of forward sales by miners with sanguinity as prices sit at 31-year highs, but other signals suggest supply may really be scarce and investors are poised for more price gains.
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Throughout the night, Hathaway wore a total of eight different outfits.
Daily-deals website Groupon goes live in China on Monday, bringing its popular brand of Internet retail to the world's most populous nation.
Daily-deals website Groupon goes live in China on Monday, bringing its popular brand of Internet retail to the world's most populous nation.
Accel Partners is planning to raise $2 billion in new funds and invest more broadly into energy opportunities in China, VentureBeat has learned, even as Peter Wagner, the man who led its cleantech efforts, is leaving the company.
It’s no secret that speculators are buying up long contracts of commodities futures. However, the crowding of speculators in into one trade (in this case, long all kinds of commodities) usually spells an imminent reversal, especially if commercial users are on the other side of their trades.
Apple reigns supreme in product placement; but others are catching up, according to a recent report.
Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you. --Michael Maloney, precious metals investment expert
Gold fell back slightly toward $1,400 an ounce on Tuesday, breaking a six-session rally, as turmoil in Libya prompted bullion investors to take profits and as sharp losses in equities and other commodities markets prompted margin selling.
Spot gold was last down 0.8 percent at $1,394.14 an ounce at 1025 GMT, having risen on Monday to its highest in about seven weeks. U.S. April gold futures were up 0.5 percent at $1,395.20 an ounce.
