US Mint’s gold bullion coin sales at lowest level in October

The United States Mint witnessed lowest monthly sales of the year in OCtober while Silver bullion sales remained at elevated levels.

China Business News | November 6, 2011 | 1:33 pm

Central bank gold buying will make 1980 gold run look ridiculous

Demand for gold bullion remains broad based and global in nature. One of the most important sources of demand continues to be central bank demand. According to data from the IMF, central banks continue to be significant net buyers of gold.

China Business News | November 6, 2011 | 11:13 am

The next gold rally is coming

When the plunged 20 percent last month, many market watchers declared the gold boom over. Stalled, yes; ended, no, according to many gold analysts, who believe the precious metal may instead be near a new sustained rally. ?I can tell investors don?t se...

China Business News | October 23, 2011 | 8:58 pm

‘Gold and silver not among six preferred commodities’

Steve Palmer, founder and chief executive of the Toronto-based investment manager AlphaNorth Asset Management, prefers metals that have uses beyond sitting in a basement safe or gift-giving. In this exclusive interview Palmer explains why he is looking...

China Business News | October 23, 2011 | 5:28 pm

Gold Fields sees Q3 gold output at around 900,000 ounces

South Africa?s Gold Fields posted a 3 percent rise in third quarter gold production on Wednesday, as the world?s fourth-largest gold miner overcame a strike that halted output for five days in July. The miner said attributable group output for the...

China Business News | October 23, 2011 | 1:24 pm

Kazakhstan will buy all domestic gold output in next 2-3 years

Kazakhstan, the second-largest ex-Soviet economy and oil producer after� Russia, has enough reserves to weather a new wave of financial crisis and keep its currency stable, the National Bank governor told Reuters Insider TV. Central Asia?s largest ec...

China Business News | October 23, 2011 | 9:33 am

Consumers are rushing to buy gold before festival

With festive and wedding seasons in the offing, consumers are rushing to buy gold. With the decline in prices, gold retailers are bracing themselves to meet an impending rise in sales of jewellery. With investment in shares becoming risky, gold has...

China Business News | October 23, 2011 | 4:59 am

SilverCrest Mines says gold and silver production from Mexico mine rises

Canada’s SilverCrest Mines said gold and silver production rose for the third straight quarter at its flagship mine in Mexico.

China Business News | October 16, 2011 | 9:43 pm

Eldorado Gold set a quarterly gold production record in Q3

Eldorado Gold set a quarterly production record in the third quarter and is on track to achieve its full-year gold production target, the company said on Wednesday.

China Business News | October 16, 2011 | 9:34 pm

National Stock Exchange clocks four-fold surge in gold ETF trade

Investor interest seems to be growing fast in gold ETFs, as the average daily value of their trade on the National Stock Exchange (NSE) has grown by over four times since the beginning of this fiscal.

China Business News | October 16, 2011 | 2:54 pm

Gold may extend its slide from a record as Europe’s sovereign-debt crisis spurs dollar demand

Gold may extend its slide from a record as� Europe’s sovereign-debt crisis spurs demand for dollars, eroding the appeal of the metal as an alternative, according to� John Stephenson at First Asset Management Inc. The CHART OF THE DAY shows gold p...

China Business News | October 7, 2011 | 2:49 pm

China’s energy-saving campaign saves 150 million tons of coal

A national energy-saving campaign involving over 1,000 companies managed to save equivalent to 150 million tons of coal from 2006 to 2010, China's top economic planner said Sunday.

China Business News | October 3, 2011 | 4:12 pm

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