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  • The move came just before spot gold prices tumbled 6.6 percent in July, their weakest monthly performance in more than two years after a steep selloff in Shanghai and New York, and on expectations for the U.S. "It appears Paulson was astute to lighten up some before the July plunge," said Mike McGlone, director of research for ETF Securities in New York.

  • New York- based Paulson& Co, led by longtime gold bull John Paulson, cut its stake in SPDR Gold Trust by 1 million shares to 9.2 million shares worth $1.04 billion in the quarter ending June 30, according to the 13 F-HR filing. Paulson& Co also cut its stake in AngloGold Ashanti Ltd, and left stakes unchanged in IAMGOLD Corp and NovaGold Resources Inc..

  • NEW YORK, Aug 14- Hedge fund Paulson& Co cut its stake in the gold-backed exchange-traded fund SPDR Gold Trust in the second quarter of 2015, after holding it unchanged for six straight quarters, a filing with the U.S. Securities and Exchange Commission showed on Friday. New York- based Paulson& Co, led by longtime gold bull John Paulson, owned 9.2 million shares worth...

  • Paulson, in his first public comments since the recent price crash, said his firm, Paulson& Co. Inc., has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold. While Paulson's hedge fund was the single largest investor in the SPDR Gold Trust at the end of the first quarter, the position, now worth about $1.05...

  • JOHANNESBURG, July 31- Unions at South African gold producers are divided over whether to accept a final wage offer and avert the kind of prolonged strike that affected the platinum sector last year. AngloGold Ashanti, Sibanye Gold, Harmony Gold and two smaller producers, have offered wage increases of up to 17 percent, saying the sector is grappling with...

  • South African shares rise despite gold price slump Monday, 20 Jul 2015 | 12:13 PM ET

    Gold Fields and Harmony Gold both also shed more than 9 percent, while Sibanye Gold fell 10.62 percent to 17.50 rand, its lowest level in 18 months. Platinum last week dropped below $1,000 per ounce for the first time since the financial crisis. Anglo American Platinum was down 3.54 percent at 259.49 rand, while Lonmin shed 4.84 percent.

  • JOHANNESBURG, July 16- South Africa's National Union of Mineworkers said on Thursday gold producers had not moved on their wage offer, leaving protracted talks in a stalemate. NUM general secretary David Sipunzi told reporters the companies, AngloGold Ashanti, Harmony Gold and Sibanye Gold, were giving his members "the middle finger." The producers are meeting...

  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • *Qatar Holding is biggest shareholder in Glencore. *QKR backed by Qatar and Poland's richest man. LONDON/ VANCOUVER, June 9- An investment review at Qatar's wealth fund could lead to a cut in money allocated to the mining sector, potentially hitting ventures such QKR Corp, according to five sources familiar with the matter.

  • SINGAPORE, June 9- Gold clung to small overnight gains on Tuesday on a weaker dollar, but the metal remained near an 11- week low as investors fretted over the timing of a U.S. interest rate hike. *Spot gold was steady at $1,174.35 an ounce by 0035 GMT, after gaining 0.2 percent in the previous session. *The metal had fallen to $1,162.35 on Friday, its lowest since March 19,...

  • June 8- Newmont Mining Corp said on Monday it has agreed to buy the Cripple Creek& Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million in cash plus a net smelter royalty. An expansion of Cripple Creek is around two-thirds complete with the mine expected to produce between 350,000 and 400,000 ounces of gold a year in 2016 and 2017 at all-in...

  • CARLETONVILLE, South Africa, June 7- South Africa's Association of Mineworkers and Construction Union will launch a wildcat strike if its rival union and gold mining companies impose a wage deal on its members, its president said on Sunday. The hardline AMCU union is demanding a more than doubling of wages from gold companies AngloGold Ashanti, Sibanye Gold,...

  • NEW YORK, May 15- Hedge fund Paulson& Co kept its stakes unchanged in most of its gold investments in the first quarter, when the precious metal's price pared its gains, a filing with the U.S. Securities and Exchange Commission showed on Friday. The New York- based fund, led by longtime gold bull John Paulson, kept his shares in SPDR Gold Trust, the world's largest...

  • *Union talking to platinum firm Lonmin over job cuts. JOHANNESBURG, May 13- South Africa's Association of Mineworkers and Construction Union wants the basic pay for entry level workers in the gold mining industry to be more than doubled, setting the stage for tough pay talks at a time when companies are complaining of dwindling profits. However, Africa's top...

  • *Union talking to platinum firm Lonmin over job cuts. JOHANNESBURG, May 13- South Africa's Association of Mineworkers and Construction Union wants the basic pay for entry level workers in the gold mining sector to be more than doubled, setting the stage for tough pay talks in an industry battling dwindling profits. With dwindling profits and increasing costs,...

  • Gold settles up nearly 1% on weaker dollar, shares Tuesday, 12 May 2015 | 4:37 PM ET

    Gold rose up to one percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets.

  • SINGAPORE, May 12- Gold struggled below $1,200 an ounce on Tuesday, following small overnight losses, hurt by a firmer dollar and a lack of robust safe-haven bids from the Greek debt crisis. *Greece calmed immediate fears of a default on Monday by making a crucial 750 million euro payment to the International Monetary Fund a day early. *Euro zone finance ministers...

  • Stocks could rally this week Monday, 11 May 2015 | 5:58 AM ET
    Traders work the floor of the New York Stock Exchange.

    Stocks could march into record territory in the week ahead—unless the economy starts to look too strong, or then again, too weak.

  • Stocks could rally this week Monday, 11 May 2015 | 4:37 AM ET
    Traders work the floor of the New York Stock Exchange.

    Stocks could march into record territory in the week ahead—unless the economy starts to look too strong, or then again, too weak.

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...