International Business Times
One Swiss Franc coins are seen in this illustration picture in Zurich

Gold Standard Redux: Swiss Parliament Debates Creating ‘Gold Franc’

The Swiss parliament debated Tuesday whether to create a gold-backed national coin to float in parallel with the Swiss franc, becoming the first national legislature in decades to consider issuing a currency based on a commodity.

Oyu Tolgo Copper-Gold Mine Workers

By Esther Tanquintic-Misa

Philippine Government Could Earn $13 B from Xstrata's Copper, Gold Mine – Report

The government of the Philippines stands to gain as much as $13 billion from the proposed copper-and-gold mine project to be constructed by Xstrata-owned Sagittarius Mines Inc.

Gold slips in line with euro ahead of EU meeting

By Jan Harvey

Gold Slips in Line with Euro ahead of EU Meeting

Gold prices fell, coming under pressure as concerns that a European Union meeting later on Wednesday would fail to significantly ease worries over the euro zone debt crisis lifted the dollar to a 21-month high against the euro.

Newmont cuts spending on Peru mine project

Newmont Cuts Spending on Peru Mine Project

Newmont Mining Corp said on Wednesday it will cut capital spending on a controversial gold mine project in Peru by two-thirds for the 2012-13 period because of delays caused by government and environmental reviews.

AngloGold Ashanti facility in Ghana

AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher

AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.

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Commentaries
Eric McWhinnie

By Eric McWhinnie

Gold and Silver Miners Ignore Euro Weakness

Your daily recap on precious metals...

Julian Phillips

By Julian Phillips

The Dollar Oil Price Threat Will Hurry Gold’s Role in the System

There was much more to Hilary Clinton’s China and India trip than meets the eye. It was an acid test of the power of the U.S. to press its political will upon the world.

David Levenstein

By David Levenstein

While Financial Markets Continue to Crumble, G-8 Leaders Simply Acknowledge the Need for Global Growth and Jobs

After its recent rebound, gold prices were trading slightly lower on Tuesday pressured by a firmer U.S. dollar and weaker crude oil prices.

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