GOLD

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Asian Stocks, European Futures Continue Surge

Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high.

Gold Steady After EU Deal Spurs Risk Rally

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Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.
File photo of Saudi Interior Minister Prince Nayef attending a news conference in the holy city of Mecca

Saudi King Abdullah Names Brother Nayef Crown Prince

Saudi Arabia's King Abdullah has appointed Interior Minister Prince Nayef as the new crown prince, the royal court said in a statement issued Friday, signaling an orderly process of future succession in the world's largest oil exporter.
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Barrick Gold Corp. mining

Barrick Gold's 3Q Profit Jumps 52%

Barrick Gold Corp. said Thursday its third-quarter profit jumped 52 percent as higher prices offset lower production. The world's biggest gold miner also increased its dividend.
Image of Queen Elizabeth II

World's First One Metric Ton Gold Coin

The biggest, heaviest, inherently the most valuable gold bullion coin in the world has been unveiled by The Perth Mint, a spokesman said Wednesday.
Gold pellets

Gold Price: Rising Out of 'Purgatory'?

Gold, which has just blown past its 100-day moving average price, is set to challenge its 50-day moving average, which is $1,741.17.
Argentine President Fernandez

Argentine Mineral Extraction Co.s Must Repatriate All Export Revenue

Argentina's oil, gas and mining companies must start repatriating all export revenue, according to an order by President Cristina Fernandez de Kirchner's administration, which is struggling to halt capital flight from the inflation-plagued economy.
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Claude Resources to Pay $18.7M for St. Eugene Mining

Precious metals miner Claude Resources increased its offer for the rest of St. Eugene Mining Corp. in a stock deal that now values the smaller gold exploration company at $18.7 million, the Canada-based company said.

Gold Prices Rise for Fourth Straight Day

Gold prices headed for a fourth consecutive daily gain Wednesday as investors returned to the yellow metal for protection from the ongoing risks to the European economy and weakness in the U.S. economy.
Sweet

Sweets in Demand Despite Silver Price Rise

An increase in the price of edible silver leaf has not deterred confectioners from presenting sweets rolled in fine sheets of silver called varq, during the long festive season that ends with Diwali celebrations this week.
Gold necklaces, bracelets

Gold Price up 1% in Asia, Highest Level in More Than a Month

Spot gold rose nearly 1 percent on Wednesday to its highest level in more than a month, as safe-haven demand returned on growing doubts over a resolution to the Eurozone debt crisis ahead of a key European Union summit later in the day.
Jamaica's Lerone Clarke (2nd L) crosses the finish line ahead of Kim Collins (R) of Saint Kitts and Nevis, Emmanuel Callender of Trinidad and Tobago (2nd R) and Jorge Rafael of the Dominican Republic during the men's 100m final at the Pan Americ

Collins Pipped by Jamaican Clarke in Pan-American 100m

In the absence of Jamaica's giant world record holder and Olympic champion Usain Bolt, compatriot Lerone Clarke won the Pan-American Games 100 meters in a time of 10.01 seconds on Tuesday.
Gold bar

Chinese Desire for Gold Spawns Numerous Mini Exchanges

Many small investors in China have turned to gold as high inflation threatens to erode wealth in the world's second-largest economy, leading to small gold exchanges springing up all over the country.
A man walks past a stock quotation board outside a brokerage in Tokyo

Asian Shares Dip on Concern Before EU Summit

Asian shares declined on Wednesday ahead of a key meeting of European policymakers later in the session, with concerns heightening that the outcome to contain Europe's sovereign debt crisis could fall short of expectations.

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