Shares of large silver mining companies mostly rose Monday along with the broader stock market as investors ignored the falling price of the white metal on fresh optimism about the strength of the economy.
Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest from the safe-haven metal.
Record gold prices, rather than denting China's enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.
Gold prices eased a touch in holiday-thinned trade on Monday as investors took bets on higher prices off the table, disappointed by a lack of clear guidance from the Federal Reserve on Friday on the options for U.S. economic stimulus.
Shares of major gold mining companies fell Friday in midday trading, after the head of the U.S. central bank used a closely-watched speech to indicate that the Federal Reserve had no immediate plans to stimulate the lagging economy with another round of bond buying.
Gold and silver rose Friday in electronic trading as investors returned to the precious metals on concerns over soverign debt worries on both sides of the Atlantic, weakness in the banking sector and sluggish growth in the U.S. and Europe.
Gold prices arrested this week's slide on Friday to rise nearly 1 percent ahead of a speech from Federal Reserve chairman Ben Bernanke in Jackson Hole, Wyoming, later, which will be closely watched for hints on the outlook for Fed monetary policy.
Spot gold was steady on Friday, but was likely to register its first weekly drop after seven straight weeks of gains as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
Gold prices fought off an early drop to post modest gains Thursday as investors thought better of the yellow metal's value as a safe haven.
Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
The price of silver rose Thursday as stocks fell and the price of gold extended its losses for a third day.
The price of gold extended losses Thursday after the Chicago Mercantile Exchange, the world's largest derivatives market, raised margin requirements on gold futures for the second time in a month.
Gold extended losses on Thursday to fall as much as $200 from Tuesday's record high, as investors cashed in scorching gains in the metal after the CME Group hiked trading margins for the precious metal for a second time this month.
Gold fell Wednesday in electronic trading as investors took profits, economists heralded a positive indicator and Wall Street held its collective breath that the chairman of the U.S. central bank would signal support in a key speech later this week.
Libya's new masters offered a million-dollar bounty for the fugitive Muammar Gaddafi on Wednesday, after he urged his men to carry on a battle that kept the capital in a state of fear.
Libya's new masters offered a million-dollar bounty for the fugitive Muammar Gaddafi on Wednesday, after he urged his men to carry on a battle that kept the capital in a state of fear.
Gold and silver prices plunged Wednesday as a strengthening stock market and hope that the U.S. central bank will take steps to boost the American economy dimmed the appeal of precious metals as a safe haven.
Gold prices dropped sharply Wednesday after a strong U.S. durable goods report, profit-taking by investors and encouraging news from the Congressional Budget Office about the deficit.
South Africa's Harmony Gold Mining Co , the world's fifth-largest gold producer, said on Wednesday output for its 2012 financial year should rise to between 1.45 million ounces and 1.55 million from around 1.3 million in 2011.
Hewlett-Packard Co has filed a case in a U.S. court against AU Optronics, saying the Taiwanese company conspired to fix the prices of thin film liquid crystal display panels, court documents showed.
U.S. tech giant Hewlett-Packard Co has filed a case against AU Optronics, saying the Taiwanese company conspired to fix the prices of thin film liquid crystal display panels, court documents show.
Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
