Anglogold Ashanti CEO Srinivasan Venkatakrishnan talks about the rise on gold prices and the expected decline in gold production ahead. » Read More
Take a look at some of Wednesday's midday movers:
Already cranky about the Fed, stock traders will be eyeing the Treasury's 10-year note auction Wednesday to see whether it helps drive interest rates higher.
Three days before Chinese GDP data, the Minister of Finance suggests he is comfortable with growth of 6.5 percent, when the "official" target is 7.5 percent. Coincidence?
China's export figures are not good news for GDP figures, which will be released on Sunday night.
We are hearing the usual chorus of complaints at the start of earnings season, that profits look anemic, but data suggests things may not be that bad.
Stocks held their gains Wednesday, extending their rally from the previous session, after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would rein in its stimulus measures in the immediate future.
The collapse in bullion prices may rekindle gold mining takeovers as Chinese companies and other investors step in to rescue small and mid-sized miners.
Flash crash in Germany? Well, not quite.
In an investor briefing to be distributed late Tuesday or Wednesday, John Paulson will reveal that his gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers.
Notable institutional investors, including George Soros, Julian Robertson and Allianz's PIMCO reduced their bets on gold during the fourth quarter of 2012, when bullion posted its biggest quarterly loss in more than four years.
Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground.
Tito Mboweni, chairman of AngloGold Ashanti, tells CNBC that Africa is emerging as an important growth market, but the continent must continue to deal with constraints of growth.
Conflict in the West African state of Mali -- the continent's third-largest gold producer -- poses "manageable" risks for miners active in the country's south as Al Qaeda-linked Islamist rebels remain confined to strongholds in the north while former colonial power France continues its offensive against militant bases.
Hedge fund giant John Paulson's tough track record in 2012 is spilling over into the gold market because his rivals are going after him, an industry watcher told CNBC.
Bargain-hunting traders in the mining space have turned to Barrick Gold.
*Spot gold to hover above $1,678/ oz- technicals. SINGAPORE, Nov 5- Gold nudged a touch higher on Monday, paring falls after stronger-than-expected U.S. jobs data sent gold to a two-month low in the previous session, but a stronger dollar curbed the rebound.
LONDON, Nov 2- Gold prices fell to their lowest level since late August on Friday, sliding more than 1 percent as the dollar jumped after better-than-expected U.S. jobs data in the last major signal on the state of the economy before elections next Tuesday. Spot gold was down 1.8 percent at $1,684.36 at 1509 GMT, having earlier hit an eight-week low of $1,682.89.
BEIJING- Potentially sinister threats to China's ruling Communist Party sit unnoticed in cages perched on a rooftop above a small alleyway in southwestern Beijing.
LONDON, Nov 2- Gold slid to an eight-week low on Friday as the dollar jumped after data showing higher-than-expected U.S. job creation, the last major signal on the state of the world's largest economy before elections next Tuesday. Spot gold was at $1,695.65 at 1325 GMT, down 1.42 percent, having touched an eight-week low of $1,692.19 after the data.
*AngloGold Ashanti suspends operations at S. African mine. Spot gold was at $1,709.26 at 1102 GMT, down 0.63 percent, while U.S. gold futures for December fell $5.80 to $1,709.70. ``The stronger dollar is bringing down a number of markets including gold,'' Standard Chartered analyst Daniel Smith said.