PRECIOUS METAL

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Gold Prices Rise in Choppy Trading

Gold prices rose on Thursday in choppy trade, with strong physical demand and gains in the euro lending support, but investors remained cautious towards the precious metal after this month's intense volatility.

AngloGold Ashanti to Invest $250M/Year in Brazil

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South African gold miner Anglogold Ashanti will invest $250 million each year through 2016 to raise its Brazilian output of the precious metal by two thirds, its chief executive said on Wednesday.
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Gold Falls 1 pct on Dollar Strength; Investors Cautious

Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
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WW II-Era Shipwreck with Silver Worth $200 Million Found (PHOTOS)

The wreck of a World War II-era British cargo ship, whose holds are believed to be filled with seven million ounces of silver, has been discovered approximately 4,700 meters below the surface of the North Atlantic Ocean. At today's value, the cargo is worth in excess of $200 million.
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Gold to Remain as a Hedge, Despite Recent Falls - Analyst

Gold will continue to serve as a hedge against risk on a longer-term basis despite recent falls, given the lack of other safe-haven assets to protect investors against global economic uncertainty, a manager at Stenham Asset Management said.
Gold bullion

Gold Price Recovers, Rising from Overnight Collapse

Gold prices recovered from huge overnight losses Monday before paring losses to about 1 percent. Still in the last three days the precious metal has now lost more than 9 percent of its value in its biggest three-day drop since 1983.
Traders work at their desks in front of the DAX index board at Frankfurt's stock exchange

World Stocks Slide Again on Europe Debt Fears

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
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HOW TO PLAY IT: As gold turns to dust, cleaning up portfolios

In years past, gold often acted as a safe haven when stocks were falling, and it hit a record in August while equities struggled. Now, however, it's mired in its worst selloff in decades. What does it mean for investors who see gold as a core portfolio holding?
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Gold Sets Record for One-Day Fall

Gold crashed more than $100 lower on Friday as a slide turned into a freefall, with weeks of volatility, renewed strength in the dollar and talk of hedge fund liquidation wrecking its safe-haven status.
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World Stocks Break from 14-Month Lows

World stocks came off 14-month lows on Friday on expectations policymakers would take further action to ease the Eurozone debt crisis, while commodities fell broadly on worries about a global economic slump.
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Spot Gold Drops to Six and a Half Week Low

Gold hit a one-month low on Friday and was set to post its sharpest weekly drop since May, hit by a sell-off in the commodities complex and with some traders citing selling in the precious metal to cover losses in other asset classes.
220 kg gold block

Long-Time Gold Investor Switches Postions

After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.
Gold bullion

Gold Falls More Than 2 Percent, Dollar Jumps

Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
Gold bullion

Gold Price Rallies on European Concerns

Gold prices rallied on Monday after European policy makers failed to soothe fears of Greek default and contagion to other euro zone countries, prompting investors to seek refuge in the precious metal.
Gold bar

Gold Off As Politicians Vow to Keep Greece in Euro Zone

Gold prices slipped below $1,800 an ounce on Thursday as stock markets extended gains, with assurances from Germany and France about keeping Greece in the euro bloc boosting appetite for assets seen as higher risk at the precious metal's expense.
Toronto Stock Exchange

Gold Weighing on Toronto's Main Stock Index

Toronto's main stock index pushed higher on Tuesday morning, following a steep sell-off in the previous session, as U.S. oil prices rose and Wall Street rallied on strength in the banking sector.
Silver bars

Silver Down on European Debt Worries

Silver and gold both fell Friday but the white metal was off proportionately more because unlike gold, which is a pure play store of value, silver has a significant and growing role in various industrial applications.

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