GOLD

Peru's government said on Tuesday the environmental impact plan for Newmont Mining's $4.8 billion Conga gold project was basically sound, seeking to reassure neighbors that the proposed mine would not pollute their water supplies.

The Brewers' left fielder wins the NL MVP over Matt Kemp

Gold prices broke a four-day losing streak Tuesday as investors worried about a possible liquidity crisis in the Eurozone sought protection for their money in the yellow metal.

Gold prices climbed back over $1,700 on Tuesday as investors seeking safe havens sold stocks.

AngloGold Ashanti, the world's third-largest gold producer, said on Tuesday it expects capital expenditure to double to $1.5 billion dollars by 2013.

Ratings agency Fitch said on Tuesday it was concerned about South Africa's deficit reduction plans given that economic growth is likely to slow next year.

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.

The CME Group, the world's leading derivatives market place, is on target to launch cleared over-the-counter gold in Europe by the end of 2011, and wants to boost the number of contracts it clears, a top official said on Tuesday.

International Tower Hill Mines Ltd. said Tuesday it is delaying release of a preliminary feasibility study on an Alaskan venture a few months to allow for more laboratory testing and optimization work.

Mining company Magma Metals Ltd said it plans to spin off its West Australian gold projects into a new exploration company, to focus on its platinum-palladium-copper-nickel project in Ontario.

Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013 after the successful launch of production at the neighbouring Gedabek mine, the company said on Wednesday.

African, Australian and Colombian prospects will play a key role in boosting AngloGold Ashanti Ltd.'s gold output to 5.5 million ounces by 2015, the world's third-largest gold mining company said Tuesday.

Canadian stocks looked set to open slightly higher on Tuesday, in line with stronger commodity prices, though there were signs the respite from worries over U.S. and European government debt could be temporary.

As the Black Friday is around the corner, lot of retailers are launching several promotional offers for Black Friday, the day following Thanksgiving Day in the United States and traditionally marks the beginning of the Christmas shopping season.

The top pre-market NASDAQ Stock Market gainers are: Focus Media Holding, BSD Medical, Brocade Communications Systems, NVIDIA, and E*TRADE Financial. The top pre-market NASDAQ Stock Market losers are: Netflix, Randgold Resources, ASML Holding, Amazon.com, and Shire.

Gold prices on Tuesday clawed back four days of losses after ratings agencies decided not to punish the U.S. for its inability to cut the national debt.

Gold demand in India was subdued on Tuesday as a weakening rupee kept buyers at bay, further deterred by a rebound in local prices due to gains in overseas markets.

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.

Sabina Gold & Silver Corp. on Monday doubled the amount of gold it estimates is at its Back River project in Nunavut, Canada.

In a live interview with LiveStream, Selena Gomez talked about her Spring 2012 collection for her Dream Out Loud line and took questions from fans.

Gold hurtled toward a one-month low Monday as fear that neither the U.S. nor Europe are able to tackle their sovereign debt problems drove investors to the dollar.