Gold prices eased on Wednesday as the euro ran into profit-taking and stock markets dipped, with the previous day's burst of sharper risk appetite running out of steam after German economic data fell short of expectations.
By Christine Kim and Rujun Shen
South Korea boosted its gold holdings by nearly a third in July, buying 16 tonnes as part of the central bank's efforts to diversify its massive foreign exchange reserves.
By Euan Rocha
Canadian miner Kinross Gold Corp named Paul Rollinson its new Chief Executive late on Wednesday, replacing long-time CEO Tye Burt, who spearheaded its massive acquisition of Red Back Mining that has so far failed to live up to expectations.
By Melanie Burton
London copper edged up on Friday, but prices were still set for their biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals.
Morning Gold Market Report 09:52 am
Morning Silver Market Report 09:51 am
Morning Platinum Market Report 09:50 am
- 02:45 pm Gold Hovers Near 2-1/2 Month Lows on Firm Equities, Fund Outflows Read more
- 02:08 pm Gold Extends Losses to Fourth Session; Fund Outflows Continue Read more
- 02:11 pm Gold Inches up as Ukraine Tensions Stoke Safe-haven Buying Read more
- 04:31 pm Gold Hits Fresh Six-Month Highs on Ukraine, China Read more
- 08:47 pm Gold Eases from One-week High; Some Banks Restart Imports Read more
- 10:16 pm Two charts that gold traders shouldn’t miss Read more
- Eureka! Leaves of Eucalyptus Trees Will Aid Miners Pot of Gold
It may be difficult to believe, but a team of Australian researchers from CSIRO has found that in dry conditions, eucalyptus trees, as they search for moisture, can actually point to miners the location of massive gold deposits just by looking at their leaves.
- New Indian Import Tariffs Hurt Dubai Gold Trade
- Global Prices of Gold Possible to Jump as Industrywide Workers’ Strike Looms at South Africa
- Gold Hovers Near 2-1/2 Month Lows on Firm Equities, Fund Outflows
Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite.
- Gold Extends Losses to Fourth Session; Fund Outflows Continue
- Gold Inches up as Ukraine Tensions Stoke Safe-haven Buying
- Gold Holds Above $1,300 on Ukraine; Fund Outflows Pose Risk
Gold held steady just above $1,300 an ounce on Thursday supported by tensions in Ukraine, but the metal was at the risk of adding to recent losses as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.
- Gold Holds near Three-week High on Ukraine Tensions
- Gold Holds Near Two-week High on Easing Rate Hike Fears