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Penney gross margin slips on price-cutting

J.C. Penney Co Inc forecast weaker-than-expected third-quarter earnings as more price cutting threatened to further dent its gross margin, sending its shares down 1 percent in morning trade.

Gold Prices Ease in Europe

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Gold prices eased in Europe on Friday, extending the previous session's retreat from record highs, as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.

Gold Eases after CME Hikes Margin

One kilogram gold bars are seen in this picture illustration
Gold eases off the session's record highs after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth buoyed sentiment.
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China says price pressures peaking, risks remain

China says price pressures peaking, risks remain

China's price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China's top economic planner said on Wednesday.
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Gold set to widen premium over platinum

Gold is set to widen its premium over platinum after hitting parity for the first time in 2-1/2 years this week, with no end yet in sight to the potent cocktail of fear factors that are benefiting safe havens at the expense of cyclical assets.
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Gold Steadies Near Lifetime High, Econ Worries Linger

Gold held steady on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
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Spot Gold Price Hits Record High

Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
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'Radical Growth of World Gold Price' Spurs Ukraine to Start Mining

Ukraine, whose government estimates it has 2,500 to 3,00 tons of gold, will start large-scale mining for the precious metal to cash in on "the radical growth of the world price of gold," the State Service of Geology and Mineral Resources of Ukraine said Wednesday.
A gold bar carrying the Euro sign is seen during the European Central Bank's Euro Exhibition organised by the Romania's Central Bank in Bucharest

Gold price hovers around record high in Asian trading

Gold held steady Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
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ON Semiconductor Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of ON Semiconductor Corp. (NASDAQ: ONNN) to "buy" from "hold" while maintaining its price target of $9.50.
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Nestle ups outlook as price hikes offset higher costs

The world's biggest food group Nestle raised its full-year outlook on Wednesday after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5 percent rise in underlying first-half sales.
Bars of 1000 gram silver are seen in this picture illustration at a precious metal refinery in Istanbul

Silver Wheaton Reports Strong Second Quarter

Low fixed operating costs and rising silver prices lifted the second-quarter results of Canada's Silver Wheaton. CEO Randy Smallwood suggests that within three or four years, depending on confidence or the lack thereof in the U.S. dollar, silver could reach $100 per ounce.
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Logica Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of Logica Plc (London: LOG) to "hold" from "underperform", while lowering its price target to 90 pence from 105 pence.

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