Latest gold & precious metals news

Gold Retouches Week's Highs as Dollar Loses to Oil, Euros, Soybeans & Copper; Dow Hits Technical Bear Market (GoldSeek.com)

SPOT GOLD PRICES recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.

Gold Thoughts (Kitco.com)

Those rushing into the paper oil market and chasing Gold on the latest news need to answer two important questions. Why has Silver not been confirming move in paper oil and Gold? Why have Gold stocks not been confirming this action?

MARKET TALK: Comex Gold Weaker On Post-Trichet Dollar Gains (INO News)

1327 GMT [Dow Jones] - Comex gold remains on the defensive due to dollar strength after remarks from ECB President Jean-Claude Trichet seen as a signal that there won't be a series of rate hikes after the 25-basis-point tightening this morning, says Leonard Kaplan, president of Prospector Asset Management.

The BullMarket.com Mid-day Market Wrap: July 3rd, 2008 (Indie Research via Yahoo! Finance)

Stocks rallied from an early stumble to be up at mid-day. All three of the major market averages were in the green after the jobs report came close to expectations. Oil also inched higher, while gold dipped slightly.

Market turmoil tied to ABC news report (Reuters via Yahoo! News)

Early turmoil in financial markets Tuesday was tied to a report on ABC's "World News" that claimed an Israeli attack on Iran was possible by the end of the year.

SEENEWS – news report of 03.07.2008 (Girodivite)

Updated news from Balkan Europe powered by www.seenews.com Thursday 3 July 2008, by Emanuele G. - 0 letture German Media Group WAZ Enters Albanian Market via Minority Stake Acquisition Jul 03, 2008, 15:46 CET | Story | SeeNews TIRANA (Albania), July 3 (SeeNews) - Germany’s Westdeutsche Allgemeine Zeitung (WAZ) media group said it has entered the Albanian media market by acquiring a minority ...

Wealth in the Ground: Wall Street Reporter Gives Investors the Straight Dirt On Apollo Gold Corp., Geologix ... (PrimeNewswire via Yahoo! Finance)

NEW YORK, July 3, 2008 -- Gold and other mineral commodities remain hot plays among investors looking for market gains or a hedge against inflation, and Wall Street Reporter's coverage of companies presenting at the 2008 Hard Assets Investment Conference in New York City provides plenty of ideas.

GOLD PRICE: JULY 03 (Bernama via Yahoo! Malaysia News)

GOLD PRICE UP RM0.26 SEN KUALA LUMPUR, JULY 03 (BERNAMA) -- THE PRICE OF GOLD TODAY CLOSED AT RM99.21 PER GRAMME, UP RM0.26 SEN FROM YESTERDAY. -- BERNAMA SAM SAM

GOLD PRICE: JULY 02 (Bernama via Yahoo! Malaysia News)

GOLD PRICE UP RM1.75 KUALA LUMPUR, JULY 02 (BERNAMA) -- THE PRICE OF GOLD TODAY CLOSED AT RM98.95 PER GRAMME, UP RM1.75 FROM YESTERDAY. -- BERNAMA SAM SAM

Record oil price sends shudders through global stock markets (The Herald)

The price of black gold surged further into the high country yesterday, setting a new record past $145 a barrel and sending shudders through jittery global financial markets already nervous about the prospect of a global economic slowdown.

Closing Glance: Gold mining companies close lower (AP via Yahoo! Finance)

Shares of gold mining companies closed lower Wednesday, as the Dow Jones industrial average and Nasdaq composite index entered bear market territory, and the price of the metal surrendered most of its early session gains in U.S. trading.

GOLD PRICE: JULY 01 (Bernama via Yahoo! Malaysia News)

GOLD PRICE DOWN RM0.34 SEN KUALA LUMPUR, JULY 01 (BERNAMA) -- THE PRICE OF GOLD TODAY CLOSED AT RM97.20 PER GRAMME, DOWN RM0.34 SEN FROM YESTERDAY. -- BERNAMA SAM SAM

Gold Hawk Announces Non-Brokered Private Placement (CCNMatthews via Yahoo! Finance)

VANCOUVER, BRITISH COLUMBIA-- - Gold Hawk Resources Inc. announced that the Company has undertaken a non-brokered private placement of up to 55,000,000 common shares at a price of $0.06 per share for gross proceeds of $3,300,000.

Thursday's oil, gas, gold, zinc prices (Anchorage Daily News)

The price of North Slope oil sold on West Coast open markets closed Thursday at a record high of $144.59 a barrel, up $1.62 for the day.

Gold Prices Back Away From Multi-Month High (Nasdaq)

(RTTNews) - The price of gold turned lower on Wednesday and surrendered some of its recent rally. Gold for August delivery moved to $938.30, down $6.20 on the session. Prices moved as low as $933.50 earlier in the session.

Metals Stocks: Gold closes almost $13 lower as dollar rises after jobs data (Market Watch)

Gold futures close with a loss of more than 1%, pressured as the U.S. dollar gains ground, but the precious metal still posts a gain of more than $2 an ounce for the holiday-shortened week.

Gold prices to hit Rs 13,500 by August (rediff.com)

The demand for gold demand is expected to pick up after August with its price expected to touch the Rs 13,500 per 10 grams mark, a top industry official said.

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