• Gold holds near $1,660/oz as weaker euro caps gains

    Russian Gold Production To Slow This Year To 3%

    Russian gold production growth could slow to 3 percent in 2012, comparing with last year's 3.6 percent increase, due to declining output from several mines, the Gold Industrialists' Union said in a statement on Monday.
  • Gold holds near $1,660/oz as weaker euro caps gains

    Gold Holds Near $1,660/oz as Weaker Euro Caps Gains

    Gold held near $1,660 an ounce in Europe on Monday, taking a breather after recording its first weekly rise in four last week as weakness in the euro weighed on prices and other commodities like crude oil eased a touch.