Posts Tagged ‘the-precious’

Precious metal may face selling pressure Mumbai: Gold was little changed in thin holiday trading amid speculation that the US economic recovery may continue and curb demand for the precious metal as a haven investment. Cash bullion traded at $1,604.20... Full story

While many headlines are focusing on the fall in the gold price, it is worth bearing in mind that the precious metal is strongly correlated to the dollar Full story

South Korea's central bank said Friday it has increased the amount of gold it holds as it moves to hedge against global volatility caused by European and US debt crises. The Bank of Korea said it bought 15 tons of the precious metal from the London gold... Full story

Implats reported Friday that a search mission was underway at its Rustenburg operation in search of two trapped workers and had stopped work at the affected shaft. Impala Platinum, the world's second-largest producer of the precious metal, said on Friday Full story

Kazakhstan's Industry Ministry says the construction of a third gold refinery to process an expected increase in volumes of the precious metal will begin next year and it will have capacity to produce 25/t of bullion per year. Kazakhstan plans to begin Full story

KUWAIT, Oct 23 (KUNA) -- The latest price lists show a decrease of over four percent in price of gold over the last week touching the USD 1,600 per ounce. A report by Zomoroda group said the precious metal suffered its biggest loss in three weeks when it... Full story

The FrumForum gloats that Glenn Beck's admonitions to buy gold, lots of physical gold in coins and other forms, has turned sour for customers just when it is supposed to have its greatest worth: The gold market meltdown — with prices plunging in recent weeks from over $1,900 an ounce to under $1,600 — is a reminder that the precious metal is a volatile, ... Full story

- Gold has risen 28 per cent to date this year - making it one of the best-performing investments. And yet the share price of Barrick Gold (NYSE:ABX - News), the world's largest producer of the precious metal, ... Full story

* Gold Fields expanding in Peru, Chile * Key Chucapaca mine to start construction in Q2 2013 AREQUIPA, Peru, Sept 14 (Reuters) - Gold Fields , the world's fourth-largest gold producer, aims to produce 1 million ounces of the precious metal per year in Full story

GOLD is on the rise again as buyers make the most of a two-week softening in price, helped along by a sharply lower US dollar. The price of the precious metal for December contract deliveries jumped $US16.80 or 0.9% to settle on $1183.10 an ounce on the Full story