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Gold World Archives

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Commodities Rebound After Broad Sell Off - 2009-07-09
Commodities opened higher this morning after a broad decline overnight as investors continue to focus on a slow worldwide economic recovery.

Banks to Stop Accepting California's IOUs - 2009-07-08
A group of the biggest US banks, including Bank of America, Citigroup, Wells Fargo, and JP Morgan, say that they will stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap.

Oil Prices Fall Below $64 a Barrel - 2009-07-06
Oil prices sank to a five-week low under $64 a barrel in overnight trading as investors remained concerned over the global economy.

Gold Opens Lower Ahead of July 4th Holiday - 2009-07-02
Gold prices opened lower this morning below $935 an ounce as the US dollar found strength ahead of the July 4th holiday in America. Markets are thin today, as many had already abandoned their desks early to headed for the nearest cookout.

Did the Royal Canadian Mint Get Ripped Off for $13.2 Million? - 2009-06-30
The Royal Canadian Mint, which has been touted as one of the most secure facilities in Canada, may have been the victim of a $13.2 million (CDN$15.3 million) gold heist, an audit concluded Monday.

Gold Prices Bounce Back After 6-Week Low - 2009-06-23
After hitting a six-week low of $913.20 an ounce overnight, gold for August delivery is up slightly to $923.80 an ounce this morning as the US dollar fell against the euro and Japanese yen.

Satire: US Gold Reserves to be Sold to Cash4Gold.com - 2009-06-22
The Onion, a satirical news organization, posted a funny video over the weekend that reported on an emergency White House economic plan to sell the US national gold reserves for cash through precious metal buyers Cash4Gold.com.

Gold Vending Machines - 2009-06-17
In today's market, gold bullion can be bought from dealers, jewelers, auctions, private investors, and now from gold vending machines.

Indian Gold Imports Fall in May - 2009-06-15
India imported 17.8 tonnes of gold in May, representing an 11% decline compared to April and a 39% drop from May 2008.

Oil Prices Surge Above $71 - 2009-06-10
Crude oil for July delivery surged to $71.65 per barrel this morning as an unexpectedly large decline in U.S. oil inventories confirmed that supplies are beginning to tighten.

China Increases Gold Reserves to 961 Tonnes - 2009-06-08
China's State Administration of Foreign Exchange reported this week that the country's gold reserves increase to 961 tonnes by the end of April.

Insurance Giant Buys Gold for the First Time in 152 Years - 2009-06-02
Northwestern Mutual Life Insurance Co., the third-largest life insurer in the United States, has bought gold for the first time in the company's 152-year history to hedge against continued declines in other asset classes.

Middle East Gold Sales Drop 27% - 2009-05-21
Middle east gold sales fell 27% during the first quarter of 2009, compared to the same period of last year, as worldwide economic concerns and higher gold prices turned some buyers away.

Oil Prices Hit $60 Per Barrel - 2009-05-12
Crude oil prices rose above $60 per barrel this morning, before pulling back, as the market focused on new signs of economic stabilization and a weaker US dollar.

Gold Miners See Falling 1Q Profit - 2009-04-30
Some of the world's top gold miners experienced significantly lower profits during the first quarter of 2009 as production costs increased and the market experienced a 2% decline in the average price of gold.

Gold Futures Fall Under $900/oz - 2009-04-28
Gold futures were unable to hold onto the $900 level this morning as the U.S. dollar found strength amid the panicky swine flu scare, according to media reports.

Dubai Gold Imports Rise 15% During 1Q - 2009-04-27
With a long-established market for gold bullion and jewelery, Dubai increased gold imports 15% to 140 tonnes during the first quarter over the same period of the previous year.

Indian Gold Imports Rise in April - 2009-04-17
The Bombay Bullion Association reported this week that India imported 10 tons of gold in the first half of April after little to no imports during the first quarter of 2009.

Canadian Dollar Rallies to 3-Month High Against the U.S. Dollar - 2009-04-16
The Canadian dollar maintained a six-week rally against the U.S. dollar today as crude oil prices continued to show stability at $50 per barrel. The petro-linked loonie traded at a 3-month high against the greenback today, moving as high as $0.83680 to the U.S. dollar.

Royal Gold Raises $235 Million in Public Offering - 2009-04-15
Precious metals royalty manager Royal Gold Inc. netted over $235 million in a public offering of shares to be used to buy an interest in the gold production at Teck Cominco's Andacollo mine in Chile.

Avocet Mining to Buy Wega Mining for $108 Million - 2009-04-14
South East Asian gold miner Avocet Mining PLC announced plans to buy Wega Mining ASA for appropriately $108 million in a shares and debt deal. The move would create a new mid-tier gold company with annual production approaching 300,000 ounces.

Indian Jewelry Sector Expects 4% Decline in 2009 - 2009-04-13
The size of India's gems and jewelery sector is expected to decline by 3.9% this year, according to the Associated Chambers of Commerce and Industry of India, the highest body of the Chambers of Commerce of India.

Teck Cominco Sells Stake in Kinross Gold - 2009-04-09
Canadian copper and zinc miner Teck Cominco said that it has sold the 5.6 million shares of Kinross Gold that Teck acquired when it sold Kinross its 60% share of the Lobo-Marte gold property in Chile.

China Expects LackLuster Gold Sales - 2009-04-08
The volume of gold sales in China is not expected to increase this year due to the ongoing global economic crisis.

Sales of Gold Teeth Increase - 2009-03-31
You probably have seen commercials for one of the many companies out there right now that are offering to buy old gold jewelry, scrap gold, or unwanted gold coins. But here's a new one for you . . . Porcello Estate Buyers, a 50-year and third-generation family jewelry business, is now actively seeking to buy gold teeth, also known as gold grillz.

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