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
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- 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
- $162M Canadian Bid to Acquire Orbis Gold Gets Rejected
A $162 million conditional bid from Canadian miner SEMAFO has been rejected by Australian company Orbis Gold.
- Gold-Dispensing ATM Launched in Singapore
- China to Launch Intl Gold Exchange This Thursday, May Hike Gold Reserves
- British Beach Folkestone Yields Gold Bars
At least a family and a group of three friends have struck rich after finding gold bars on Folkestone beach as part of the coastal town's third triennial arts festival.
- Worldwide Appetite for Gold Slumps 16% in 2Q 2014 – WGC
- Gold in China: 127-Tonne Gold Reserves Tapped in Xinjiang