Gold prices eased on Wednesday as the euro ran into profit-taking and stock markets dipped, with the previous day's burst of sharper risk appetite running out of steam after German economic data fell short of expectations.
By Christine Kim and Rujun Shen
South Korea boosted its gold holdings by nearly a third in July, buying 16 tonnes as part of the central bank's efforts to diversify its massive foreign exchange reserves.
By Euan Rocha
Canadian miner Kinross Gold Corp named Paul Rollinson its new Chief Executive late on Wednesday, replacing long-time CEO Tye Burt, who spearheaded its massive acquisition of Red Back Mining that has so far failed to live up to expectations.
By Melanie Burton
London copper edged up on Friday, but prices were still set for their biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals.
Morning Gold Market Report 09:52 am
Morning Silver Market Report 09:51 am
Morning Platinum Market Report 09:50 am
- 12:49 pm GOLD: Loses Upside Steam Read more
- 04:51 pm Belgian Central Bank Says 25 Tons Or 10% of Gold Reserves on Loan Read more
- 02:01 pm Gold Trading in a Range with Range: US GDP and NFP to Provide Breakout Fuel Read more
- 01:59 pm GOLD: Pulls Back, Vulnerable Read more
- 02:05 pm Gold Bouncing off Short-term Range Support Read more
- 01:24 pm GOLD: Correction Under Threat Read more
By Eric McWhinnie
Your daily recap on precious metals.
By Nagesh Narayana
Despite Indian Finance Minister P. Chidambaram's oft-repeated appeal to desist from buying gold, there is hardly any decline ...
By m rochan
Mumbai's Zaveri Bazar puts gold purchases on a single day at 24 tons.
- Gold Extends Losing Streak as Fed Signals QE Exit
Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.
- Gold Trade: Middle East, Indian, Chinese Small-time Investors Helped Push Gold in Q1 2013
- India Hopes to Rein in Current Account Deficit as Gold Hits Two Year Low
- Australian Gold Production Down 5% to 63.5 Tonnes in Q1 2013 as Price of Yellow Metal Down to $1,389 an Ounce
The yellow metal once considered a safe haven continues to plummet, not only in price but also in production. Reports from mining consultancy Surbiton Associates said that Australian miners produced 5 per cent less gold in the first quarter of 2013.
- Trade Deficit at 7-Month High as Gold Imports Surge
- Tax Raid Tarnishes India's Gold Industry: Association
- Gold Loses Sheen as Prices Drop Over 20% from Record Highs
Cyprus bailout concerns contribute to the continued weakness of gold as precious metal dips below $1,400 for the first time since March 2011.
- Gold Demand Slumps in Third Quarter as Chinese Economy Slows
- Newcrest Mining Face Probe on Plummeting Share Price
Pending an investigation, Newcrest Mining has promised to give its full cooperation and allow authorities to look into its disclosure record. The probe comes after share price of Newcrest Mining plummets to its all-time low in 30 years last week. The share price decreased by 15% as gold prices dropped as well.
- World’s Luckiest Man: Briton Discovers Hoard of Gold Using Ordinary Metal Detector
- Newcrest Mining Shuts Down Brisbane Office, Cuts 100 Jobs