Monthly Archives: October 2011

Gold producers Bullion to bolster quarterly earnings South Africa’s biggest gold mining houses, AngloGold Ashanti, Gold Fields and Harmony Gold, were expected to post significantly higher earnings in the September quarter on a rising gold price, a poll of six banks and brokerages showed on Friday. Bullion’s record run is …

Spot, US silver prices slide 2% on dollar rally Spot silver and US silver futures prices fell more than 2 pct on Monday, pressured by a rapid rally in the dollar after Japan intervened in the foreign exchange market. Spot silver dropped to as low as $34.49 and traded at …

Gold’s Safe-Haven Status is Restored MIAMI, FL – Those investors who held firm, refusing to panic as gold prices dropped and then hovered in the low $1600s, will no doubt be congratulating themselves on their restraint today as prices head back within reach of $1700. A word of caution may …

U.S. gold traded nearly flat at $1,746.90 Gold prices held steady on Friday, on course for its biggest weekly rise in 33 months, as the euro zone’s deal to solve its debt crisis cheered investors and sank the dollar. Spot gold was little changed at $1,744.89 an ounce by 0014 …

Gold futures fluctuated between small gains and losses Thursday Gold futures fluctuated between small gains and losses Thursday, as the metal’s safe-haven allure was deflated with markets cheering the latest euro-zone plan to contain the region’s sovereign-debt crisis. Gold for December delivery declined $2.20, or 0.2%, to $1,720.90 an ounce …

Sentiment playing a big role in gold’s rally They’re blaming Greece again. This time it’s to try to explain why gold soared more than 3% on Tuesday. But if you believe that explanation, how do you account for gold’s behavior just three sessions previously? The headline news last Thursday from …

Gold could “easily” rise to $2,200 an ounce in the next two years Gold could “easily” rise to $2,200 an ounce in the next two years as costs increase and global financial concerns persist, said the chief executive officer of AngloGold Ashanti Ltd. (AU), the third-largest producer of the metal. …

Gold reprises haven role in four-day rally Gold hit one-month highs on Wednesday in its longest stretch of gains in over two months as investors sought the safety of bullion in the face of an uncertain outcome to a key EU summit and after a surprisingly poor read of U.S. …