NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Constellium NV fell 17.1 percent to $17.39. Cliffs Natural Resources Inc. fell 13.2 percent to $8.86.
LONDON, Nov 12- Gold rose on Wednesday as the dollar retreated from earlier highs, but overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing. Holdings in SPDR Gold Trust, the world's top gold-backed exchange-traded fund, fell 0.12 percent to 724.46 tonnes on Tuesday- a six-year low. "The overall backdrop is still negative...
*Gold holds 1 pct gain from previous session. *Gold could struggle to sustain any rally. SINGAPORE, Nov 12- Gold held overnight gains on Wednesday, but could struggle to sustain rallies with the U.S. dollar close to four-year highs and outflows from bullion funds showing no signs of abating.
SINGAPORE, Nov 12- Gold retreated from sharp overnight gains early on Wednesday as the U.S. dollar edged closer on a four-year high. Gold has struggled to hold rallies with the dollar close to multi-year highs and big outflows from bullion funds. *Spot gold fell 0.2 percent to $1,161.60 an ounce by 0044 GMT, after gaining 1.2 percent on Tuesday from a softer dollar.
JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...
Struggling gold producers plan increasingly drastic measures to survive the latest price plunge - but not all of them will make it.
LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...
Some of Thursday's midday movers:
Check out which companies are making headlines after the bell Monday: TMUS, CUDA, AMD, TSLA & more.
The Ebola epidemic could have “significant implications” for commodities, Deutsche Bank warned, as deaths top 3,300.
VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.
Gold ended modestly higher on Tuesday ahead the Federal Reserve's policy announcement, but remained near an eight-month low.
SINGAPORE, Sept 16- Gold clung to small overnight gains on Tuesday but investors refrained from taking big positions in the metal as they waited for the start of a Federal Reserve policy meeting for clues on when the U.S. central bank could raise interest rates. *Spot gold was little changed at $1,233.20 an ounce by 0025 GMT.
Gold logged its fourth straight daily loss on Thursday, weighed by increasing speculation that the Fed could soon raise rates sooner than expected.
SINGAPORE, Sept 11- Gold was trading near its lowest level in three months on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over the Ukraine. *Spot gold was little changed at $1,248.95 an ounce by 0030 GMT, after dropping 0.6 percent on Wednesday, when it hit a three-month low of $1,243.56.
NEW YORK, Sept 10- U.S.-listed shares of South African gold miner AngloGold Ashanti Ltd were among the biggest percentage decliners on the New York Stock Exchange Wednesday after it announced a $2.1 billion rights issue and plans to spin off its non-South African assets in a new British-based company.
The all-in cost of producing an ounce of gold dropped by 23 percent to $1,331 an ounce in the year to end-March, according to data from Citigroup.
American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.
Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.
The outbreak began in the forests of eastern Guinea in February. Its epicenter has spread to Sierra Leone and Liberia, while cases have also been recorded in Nigeria. Below is a compilation of recent statements by companies with operations in Sierra Leone, Liberia, Guinea or neighboring countries.