The United States Mint said it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012.
Gold fell more than 1 percent in choppy trade on Wednesday, on track for its biggest one-day decline in two weeks, as a stronger dollar and risk-averse selling across the board also sent equities lower.
Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday.
Striking workers at Freeport McMoRan Copper & Gold Inc's giant Indonesian mine delayed on Saturday until next week a plan to go back to work after a three-month strike because of technical issues, a union spokesman said.
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later next year at the earliest, according to a Reuters poll of 20 hedge-fund managers, economists, and traders.
The second-biggest slump in gold prices since the financial crisis has rattled bullion bulls, as implied volatility in the gold options market is subdued, suggesting the bullion is seeking to find a new range.
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
The European Union (EU) summit this Friday will consume market attention, as it will discuss steps to resolve the Eurozone debt crisis. Price sensitivity to headlines will persist, if not intensify, and make for jerky market moves.
Gold rebounded to a one-week high following the substitution of last week's selling pressures with expectations of a stronger effort by euro-zone leaders to stem the spread of the sovereign-debt crisis. Spot gold held steady
above $1,700 per ounce on Tuesday.
Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Some analysts think the crisis is a global crisis and not one emanating just from Eurozone.
Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.
Disappointing figures from South African firms such as Impala Platinum and investment bank Investec put a dampener on stock prices, dragging the blue-chip top-40 index nearly 1 percent lower on Thursday.
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday.
Retail investors are keeping a floor on prices for gold, silver and platinum with their increasing purchases of shares of exchange-traded products (ETPs) backed by precious metals.
Gold fell on Thursday, on track for its biggest one-day loss in two weeks, as fearsabout political turmoil in Italy and a deepening euro zone debt crisis prompted investors to raise cash by liquidating somepositions in the bullion market.
Gold rose above $1,800 an ounce on Tuesday for the first time in over a month, fueled by worries that a teetering government in euro zone's third largest economy Italy would deepen the region's debt crisis.
Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the country's Industry Ministry said on Monday.
Gold firmed on Wednesday, helped by safe-haven demand as the Eurozone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.
SpongeBob SquarePants and his friends have teamed up with Nickelodeon, PFG Precious Metals and New Zealand Mint to strike 100,00 pure silver coins, each featuring the likeness of one of the most popular Bikini Beach characters.
