Asian shares and the euro extended a rally into a second day Tuesday as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund to avert contagion in sovereign debt markets.
Gold miner Polyus Gold's plans for a premium listing on the London Stock Exchange have been delayed, after an investment committee chaired by prime minister Vladimir Putin said it would not consider approval for the move until 2012.
West Africa-focused miner Randgold Resources has cut its 2011 production target for the second time this year after a perfect storm of difficult mining conditions, work stoppages and a mill breakdown at its Tongon mine in Ivory Coast.
Gold prices fell Wednesday as investors sold the metal to raise cash but bargain hunting and short covering pared the losses so the yellow metal ended the session just shy of its opening price.
Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.
Financial-related issues are taking the worst beating in the session.
Gold prices fell Monday as technical factors and increased demand for the U.S. dollar outweighed otherwise bullish forces.
Asian shares wobbled Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.
Gold prices regained some early losses Wednesday after the European Central Bank intervened in the bond market to cap dangerously high yields on Italian, Spanish and French bonds.
The vote tally was 156 to 12 in favor of the austerity. However, opposition lawmakers largely abstained from voting.
Asian shares rebounded on Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Asian shares rebounded Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Gold prices fell Thursday, their third consecutive daily decline, as investors facing margin calls sold the yellow metal to raise cash.
Aluminium losses, rising costs and the weakening rupee hit India-focused miner Vedanta Resources' profits in the first six months of its financial year, despite higher sales and prices.
Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
European stocks were lower at midday Wednesday as mounting concerns over Italy's debt kept investors on edge, following an early rally sparked by Silvio Berlusconi's pledge to step down as Italy's prime minister.
European shares looked set to follow Asian equities higher Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.
The Kenyan shilling gained against the dollar on Tuesday aided largely by banks selling greenbacks as high interest rates squeezed shillings out of the market, while stocks edged lower in thin volumes.
Nairobi Securities Exchange has launched two stock indexes in conjunction with FTSE Group, and said on Tuesday it planned to start one for Treasury bonds next year.
Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Asian shares rallied more than 3 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
