LONDON/BENGALURU (Reuters) – Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China tr... More »
BRUSSELS (Reuters) – Antwerp is regaining its glitz as Belgium eases a two-month nationwide coronavirus lockdown that virtually halted business in the world’s largest diamond trade centre. The return of some of the brokers, cutters and couriers who normally th... More »
LONDON (Reuters) – Two of the world’s biggest gold refiners, Valcambi and Argor-Heraeus, said on Monday they were restoring close to full operations after Swiss authorities relaxed coronavirus lockdown measures. The decisions end six weeks of partial or full c... More »
LONDON (Reuters) – Gold miners must focus on maximizing returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold’s chief executive said on Wednesday. “The industry is in decline and we have put ou... More »
(Reuters) – Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The deal, the second high-profi... More »
NEW YORK (Reuters) – Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resultin... More »
CHICAGO (Reuters) – In a sign of precious metals demand, sales of U.S. Mint American Eagle gold and silver coins are closing out their weakest year since 2007, as investors favored higher-yielding assets, despite volatility in global stock and bond markets lat... More »
(Reuters) – Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund’s campaign to seek change at the company and a possible merger approach. Detour said it had asked the... More »
JOHANNESBURG (Reuters) – Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries. The miners were trapped by at the company’s Masakhan... More »
JOHANNESBURG (Reuters) – South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis, officials said o... More »
NEW YORK (Reuters) – U.S. fund investors pulled back from the stock market for a third straight week, withdrawing $11.6 billion in cash in the week ended Wednesday, in the face of a potential full-blown trade war between the United States and China, Lipper dat... More »
FILE PHOTO: Former gold miner Senzele Silewise, 81, talks to paralegals in Bizana in South Africa’s impoverished Eastern Cape province March 7, 2012. Silewise worked underground in the country’s gold mines for 44 years before being diagnosed with silicosis. RE... More »
NEW YORK (Reuters) – New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the fourth quarter of 2017, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all ... More »
An assistant holds a 102.34 carat white diamond at Sotheby’s auction house in London, Britain February 8, 2018. REUTERS/Hannah McKay LONDON (Reuters) – A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it comes ... More »
FILE PHOTO: Part of Tilwizembe, a former industrial copper-cobalt mine now occupied by artisanal miners, is seen outside Kolwezi, the capital city of Lualaba Province in the south of Democratic Republic of Congo, June 11, 2016. REUTERS/Aaron Ross/File Photo LO... More »
FILE PHOTO: Fishing trawlers are seen in front of the Jawaharlal Nehru Port Trust (JNPT) in Mumbai, India, July 31, 2015. REUTERS/Shailesh Andrade/File Photo GLOBAL BUSINESS WEEK AHEAD – SEARCH GLOBAL BUSINESS 11 DEC FOR ALL IMAGES NEW DELHI (Reuters) – India’... More »
An image taken from CCTV shows a man the Metropolitan Police would like to speak to after a suitcase containing 1 million pounds ($1.3 million) worth of gems was stolen from a luggage rack on a train at London’s Euston station, Britain November 8, 2017. Metrop... More »
The Indonesian unit of Freeport-McMoRan Inc closed the main access road to its giant copper mine in the eastern province of Papua on Tuesday for the second time in three days after another shooting incident. More »
Sierra Leone hopes to raise millions of dollars for development projects by auctioning a huge uncut diamond, believed to be one of the world's largest, in New York in December. More »
The Pink Raj, an intense pink diamond described by experts as the world's largest, is expected to fetch up to $30 million when it is auctioned in Geneva next month. More »
While London's sewers can get clogged with fatbergs made up of grease and diapers, it seems Switzerland's waste system is flecked with silver and gold. More »
A Sri Lankan man who raised suspicion by the way he kept looking around in an airport departure lounge was found to be carrying nearly a kilogram (2.2 lb) of gold stashed in his rectum, a customs official said on Monday. More »
A third miner has died at a South African gold mine operated by Harmony Gold and two more remain missing after they were trapped underground following an earth tremor, the company said on Monday. More »
BlackRock Inc's (BLK.N) largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. More »
Basic resources and energy stocks helped European benchmarks build on the previous week's robust gains on Monday, as commodity prices climbed. More »
U.S. President Donald Trump waves as he boards Air Force One at Joint Base Andrews outside Washington, U.S., before traveling to Bedminister, New Jersey for the weekend, June 9, 2017. REUTERS/Yuri Gripas The Trump administration intends to unveil this week a p... More »
Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc (FCX.N), t... More »
FILE PHOTO: A view of the London skyline shows the City of London financial district, seen from St Paul’s Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall/File Photo Global investors are distinguishing between the UK and the rest of Europe as ... More »
A truck drives amongst workings at the De Beers Voorspoed Diamond mine near Kroonstad, South Africa May 3, 2017. Picture taken May 3, 2017. REUTERS/James Oatway Anglo American’s diamond unit De Beers is piloting a project to capture carbon in the rock from whi... More »
U.S. medical equipment supplier Becton Dickinson and Co will acquire C R Bard Inc, in a $24 billion cash-and-stock deal, adding Bard’s devices to its portfolio in the high-growth sectors of oncology and surgery, both companies said on Sunday. More »
U.S. Vice President Mike Pence (L) chats with Indonesia President Joko Widodo at the presidential palace in Jakarta, Indonesia April 20, 2017. REUTERS/Darren Whiteside U.S. Vice President Mike Pence said on Thursday his administration wants fairer trade with I... More »
Chicago-based exchange CME Group Inc and Britain’s Royal Mint have started testing a blockchain-based platform for trading gold, as more projects using the emerging technology come closer to deployment. More »
A model poses with a 59.60-carat mixed cut diamond known as ‘The Pink Star’, the largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Geological Institute of America (GIA), ahead of being auctioned in Hong Kong next month by Sotheby’s which ... More »
An undated picture released March 16, 2017 of a 706-carat diamond discovered by pastor Emmanuel Momoh in eastern Sierra Leone. Sierra Leone State House/Handout via Reuters A Christian pastor has found one of the world’s largest uncut diamonds – weighing 706 ca... More »
FILE PHOTO – Australia’s Prime Minister Malcolm Turnbull looks at his phone during House of Representatives Question Time in Parliament House, Canberra, Australia, November 9, 2016. AAP/Lukas Coch/via REUTERS/File Photo Australian Prime Minister Malcolm Turnbu... More »
FILE PHOTO: Traffic backs-up going south into Mexico in the border town of San Ysidro, California. September 3, 2015. REUTERS/Mike Blake Investors are starting to focus on lead due to the large amounts of the metal in batteries used in increasingly popular sto... More »
The offices of international finance companies are seen in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Commodities-related revenue at the 12 biggest investment banks fell by 7 percent last year, mainly due t... More »
Goldcorp Inc reported a fourth-quarter profit on Wednesday compared to a steep loss a year ago, as much lower costs at its gold mines in the Americas offset lower production. More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Billionaire activist investor Carl Icahn increased his holdings in Herbalife Ltd ... More »
FILE PHOTO – President and Portfolio Manager of Paulson & Co. John Paulson speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co ... More »
George Soros speaks on stage at the Annual Freedom Award Benefit Event hosted by the International Rescue Committee at the Waldorf-Astoria in New York November 6, 2013. REUTERS/Andrew Kelly/File Photo Soros Fund Management LLC eliminated its shares in Barrick ... More »
An unidentified man is shown in this still image from surveillance video carrying a 86-pound pail of gold flakes valued at $1.6 million off an armored truck two months ago in Manhattan provided by the New York Police Department in New York, November 30, 2016. ... More »
The parent company of Metal Bulletin, which specializes in providing benchmark metals prices, has bought online news provider Fast Markets for $13 million. More »
The parent company of Metal Bulletin, which specializes in providing benchmark metals prices, has bought online news provider Fast Markets for $13 million. More »
By Trevor Hunnicutt More »
NEW YORK Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks. Noting the recent run-up in the benchmark Stan... More »
NEW YORK The steep decline and subsequent rebound in the U.S. stock market over the first three months of the year were a boon to U.S. small cap managers, who took advantage of what some considered a short window of low prices to add shares in companies rangin... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
NEW YORK Stocks “can go up five, 10 percent, maybe” despite a slowing U.S. economy, BlackRock Inc’s chief investment officer of global fixed income Rick Rieder said on Tuesday. The market’s negative attitude towards the high-yield corporate debt market – relat... More »
SYDNEY/LONDON The world’s largest miner BHP Billiton (BLT.L) (BHP.AX) is sitting on an $11 billion cash pile and what CEO Andrew Mackenzie does with the money will be a critical test of his ability to invest during the industry’s worst downturn in decades. Ann... More »
BOSTON U.S. ratings agency Standard & Poor’s warned on Friday it may cut the credit rating of billionaire investor Carl Icahn’s Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months. S&P placed its t... More »
LAHORE, Pakistan A Pakistani attorney said on Thursday he has filed a court petition seeking the return of the famed Koh-i-Noor diamond Britain forced India to hand over in colonial times. Once the largest known diamond in the world, the 105-carat Koh-i-Noor i... More »
YANGON Hopes faded on Monday that any of 100 people still missing would be found alive two days after a landslide near a jade mine in northern Myanmar smashed into a makeshift settlement, burying mine workers as they slept. Rescue workers had recovered 104 bod... More »
There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp (ABX.TO) wants to sell, a senior Barrick executive said on Sunday, adding that he expects a deal to close before year end. The interest has been largely from North Ameri... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
