Gold rallied on Tuesday, pushing gold mining stocks as much as 11 percent higher, as investors switched into risk aversion mode.» Read More
Paulson & Co more than halved its stake in SPDR Gold Trust in the second quarter, when the bullion price lost nearly a quarter of its value.
Gold settled lower at $1,311 an ounce on Thursday as the dollar benefited from strong U.S. manufacturing data and dovish comments from the European Central Bank.
Check out which companies are making headlines after the bell Wednesday:
Stocks squeezed out small gains in lackluster trading Monday, with the S&P 500 closing at a new high, but a batch of mixed earnings reports and weaker-than-expected existing home sales kept a damper on gains.
Gold hit a near three-week low, ending lower as a lack of new economic stimulus from the Bank of Japan fueled worries that other central banks may also withdraw their support, denting bullion's inflation-hedge appeal.
Take a look at some of Thursday's midday movers:
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
Check out which companies are making headlines after the bell Tuesday:
Stocks finished at session lows Monday, posting their sharpest one-day drop this year, as disappointing economic data from China triggered a selloff in commodities.
Take a look at some of Monday's midday movers:
*UBS raises Barrick Gold target price to $52 from $46; rating buy. *UBS raises Rainy River Resources Ltd price target to C $7 from C $6;. rating buy* UBS raises Centerra Gold target price to C $17 from C $15.5; rating buy.
TORONTO, Oct 10- Kinross Gold Corp said Wednesday its chief financial officer, Paul Barry, will leave the company, just two months after the Canadian miner replaced its chief executive. Barry, who joined Kinross in March 2011, will leave to pursue other interests, but will remain in his role until a replacement has been found, the company said.
Oct 10- Kinross Gold Corp:. *Source text: Kinross Gold Corporation today announced that Executive Vice-President and Chief Financial Officer Paul H. Barry will be leaving the Company and pursuing other interests.
*Canaccord Genuity raises Kinross Gold target price to $13; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..
NEW YORK-- The finance chief of Kinross Gold Corp. is resigning to pursue other interests. The Toronto gold mining company said Tuesday that it has begun a search for Paul H. Barry's replacement. Shares of Kinross Gold rose 3 cents, to $10.45 in afternoon trading.
U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.
TORONTO, Oct 5- Toronto's main stock index rose to a two-week high on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. In Canada, the economy added 52,100 jobs in September, more than five times the consensus figure analysts had expected, and bolstering the Bank of Canada's case for an eventual interest rate rise.
Oct 2- Kinross Gold Corp:. *RBC raises Kinross Gold Corp to outperform from sector perform. *RBC raises Kinross Gold Corp price target to $14 from $11.