GEORGETOWN, Guyana— Guyana's environment ministry says the country saw less deforestation in 2013 thanks to a decrease in gold mining activity. Gold mining commonly requires companies to clear forests. Guyana already has lost $20 million of that funding because of increased deforestation in 2012..» Read More
Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.
"The strong underlying fundamentals these metal and mining companies are enjoying today, the strong metal prices, the high margins, the great margin growth we have see year on year, and the growth we are going to continue to see in commodities over the next few years, is totally unreflected in the share prices," Evy Hambro, CIO of the natural resources team at BlackRock, told CNBC.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
Gold prices have stalled in recent days as investors have turned away from safe-havens and towards risk assets.
Almost no one outside the sponsor (the World Gold Council) has ever seen the gold in the world's largest vault — until now.
Gold Bullion International's CEO explains the advantages. "When you own a real asset, there's no counterparty risk between you and the real asset," he says
Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets. The FT reports.
Gold is increasingly harder to find, forcing thousands of miners to drill deeper, at higher costs and greater danger.
What is it about gold that makes people so passionate, crazy, paranoid? Our special report answers that question and more. We'll take you to mines in South Africa, gold bank vaults in London, trading pits in New York and the shop floor of a huge gold-jewelry manufacturer in Louisiana.
With fiscal instability plaguing the U.S. and Europe, some want a return to the past and a restraint on money supply.
Like commodities in general, metals help investors diversify as their performance bears little resemblance to that of stocks.
Gold has had a hold on mankind since it was first mined in the Copper Age.
These should be boom times for the mining business in California and Nevada. There is no "rush" in the new gold rush.
An unheralded Russian club owned by billionaire oligarch Suleiman Kerimov is expected to make Samuel Eto’o the world’s highest paid footballer, the FT reports.
Both the U.S. and Europe are facing a decade of slow growth brought on primarily by the blunders of central banks, noted doomsayer Marc Faber said.
In what could be a precursor to much higher margins at the CME, MF Global today has raised its margins on one contract of silver from $14,513 to $25,397, or an increase of 75%.
Cramer makes the call on viewers' favorite stocks.
With the price of gold soaring to record levels, the precious metal has become that much more dear. Where and how should gold buyers store their bullion and coins?
The West is close the point where its paper currency system is insolvent, and as a result gold is heading to $5,000 an ounce, according to the manager of a gold fund.
Commodities supplies may not be able to keep pace with demand in the future mining giant Anglo American wanred on Friday as it reported first half profits which smashed expectations.