Indian Gold Imports May Fall This Year

Indian gold imports in 2012 could fall by a fifth for the first time in three years to 770 tonnes as investors chase better accruals from equity markets and other financial instruments, possibly ceding the position of top consumer to China.

Gold Prices Retreat from Two-Week High

Gold Coins
Gold prices retreated from an earlier two-week high in Europe on Wednesday as persistent concerns over Europe's finances hurt the euro and weighed on stock markets, while a supply upset in major producer South Africa lifted platinum to a five-month high.
U.S. Silver Corp.

Gold Prices up 2nd Day, Silver Gains, Too

Gold rose for a second day on Tuesday, taking its cue from a brief rally in the euro after euro zone finance ministers struck a deal with Greece on its emergency funding, while silver shrugged off data that showed a steep drop in Chinese imports.
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Gold Flatlines; Greece Bailout Hopes Support

Gold prices held steady on Friday, after optimism that Greece may soon secure an urgently needed bailout helped the metal recover from a one-week low hit in the previous session.

India's Gold Demand Drops Below China Q4

Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up expected this year, dropping it behind China for the first time.
Gold bars

Goldcorp's Operating Profit Rises 23%

Canada's No.2 gold miner, Goldcorp, reported a 23 percent increase in its operating profit on Wednesday, topping expectations as sharp gains in the price of bullion drove earningsgrowth in the quarter.
Crushed ore facility

Gold Prices Fall as Greek Default Worries Increase

Gold prices fell on Thursday as the euro slid to a three-week low versus the dollar, pressured by news that European officials considered delaying a bailout package for Greece which fuelled fears the heavily indebted nation could face a chaotic default.
Gold bars

Gold Demand Struck 14-year High in 2011: WGC

Gold demand struck 14-year highs in 2011, driven by record investment, buying in China, which could overtake India this year as the world's top consumer, and central bank purchases, which hit their highest in at least 40 years, according to a report on Thursday.
George Soros

Hedge Fund Manager John Paulson Cut Gold Holdings

Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.
Gold bars in Hong Kong

Gold Prices Rise on Softer Dollar

Gold rose in Europe on Wednesday, helped in part by a softer dollar, as investors sought clarity on prospects for a second Greek debt bailout and the outlook for growth in the euro zone.
Gold could hit $2,000 in 2012, according to the latest Thomson Reuters GFMS survey

DRDGold's Quarterly Earnings Soar 65%

DRDGold, South Africa's fourth-largest gold producer, said on Tuesday that second-quarter earnings climbed 65 percent as it continued to cash in on the higher gold price.
Underground mining machine

Gold Prices Slightly Higher, Platinum at 3-Month High

Gold prices climbed on Monday as news that Greece's parliament had approved an austerity bill needed to release a second round of bailout funds lifted the euro, while platinum rose back towards a three-month high as supply issues flared up.
Gold coins

Barrick Gold to Sell Stake in Russia's Highland Gold

Canada's Barrick Gold, the world's largest gold producer, plans to sell its 20 percent stake in Russia's Highland Gold, pulling out of one of the world's most promising - but also toughest - gold frontiers.
Riot police stand guard in front of the parliament during a protest against austerity measures in Athens

Gold Prices Rise after Greece OKs Austerity Plan

Gold prices rose Monday after Greek lawmakers accepted terms of a deeply unpopular austerity plan that Eurozone leaders demanded as the price for financially rescuing the debt-choked nation.
Gold pellets

Gold Prices Fall after Greek Deal Appears Dead

Gold prices fell back Friday, just hours after an apparent deal between debt-choked Greece and potential Eurozone lenders reinvigorated hopes the nation would not be forced to default on its loans.

Gold Prices up 1% on Greek Debt Deal

Gold prices rose 1 percent on Thursday as the euro rallied to a fresh two-month high against the dollar after Greece clinched a deal with European Union and IMF leaders needed to avoid a messy default.
World's Largest Textile Created from Golden Spider Silk Dazzles On-lookers

Gold Prices up as Greek PM Heads to Brussels

Gold edged up along with crude oil and the euro on expectations the Greek prime minister's presence in Brussels Thursday signals a likelihood his nation will receive desperately needed bailout money.
Gold bars in Hong Kong

Gold Prices Await Outcome of Greece-Troika Dance

Gold prices hovered in a narrow range Wednesday, with little support from crude oil prices or the euro and uncertainty about whether Greece will accept slightly easier bailout terms from Eurozone leaders, known collectively as the troika.


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