Wednesday, April 7, 2010 as of 11:14 AM ET
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or harbor against economic, political, or social fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest).
Read More at Wikipedia ›Tanzania's gold exports increased by 10% in the year ending February 2012, but the increased earnings were significantly outweighed by the spiraling cost of oil imports, the country's central bank said Wednesday.
During the period, gold exports increased to 40.2 metric tons from 36.4 tons the previous year. Gold is Tanzania's top foreign revenue earner, and the country is Africa's third-largest gold producer, behind Ghana and South Africa.A 28% increase in global gold prices during the period under review boosted Tanzania's export revenue to $2.27 billion from $1.61 billion, the Bank of Tanzania said.However, this was offset by the country's rising oil import bill, which surged 86% in the period to $3.5 billion.Oil volumes were higher due to as people sought to fuel emergency thermal generators to mitigate the effects of inadequate domestic generation at hydro plants. Tanzania has been suffering chronic power shortages since late last year due to inadequate hydropower generation amid lo...Gold Fields Ltd. (GFI) Thursday posted a rise in first-quarter net earnings and stable production from a year ago and said it expects to produce roughly the same amo...
London-listed Chilean miner Antofagasta PLC (ANTO.LN) Thursday said first-quarter earnings rose, largely due to higher copper volumes which more than offset higher c...
John Paulson, the well-known hedge fund investor, late Wednesday recommended owning the shares of Caesars Entertainment Corp. , AngloGold Ashanti Ltd. ADS and CVR En...
Campbell & Co. Director of Trading Michael Harris on the decline in the price of gold.
At the end of 2011, gold prices finished almost 20 percent below their all-time nominal highs made in September. European concerns and liquidation actions sent inves...
Gold closed lower for the third day in a row as uncertainty over Greece roiled markets. Gold for June delivery , the most active contract, fell $3.90, or 0.3%, to se...
FBN's Robert Gray breaks down mid-afternoon market news.
George Gero, RBC Capital VP, on why investors should stay away from gold in this market, but eventually return to investing in it in the future.
AngloGold Ashanti Ltd. (AU), Africa's largest gold producer, Thursday said its profit roughly doubled in the first quarter despite a drop in output on the year and t...
Harmony Gold Mining Co. (HAR.JO) said Wednesday that third-quarter production was lower than expected, although profit rose tracking higher prices.The Johannesburg-b...
Gold has enjoyed a heavily hyped bull market in recent years. Over the past several months, though, this bull market has quietly faded, to the extent that even the m...
On Friday, gold ( NYSEARCA:GLD ) futures for June delivery increased $10.40 to settle at $1,645.20 per ounce, while silver ( NYSEARCA:SLV ) futures gained 42 cents t...
According to the latest Gold Demand Trends report by the World Gold Council, the world continues to have a strong appetite for the precious metal, despite higher pri...
Australian stocks revved back to life in early Monday moves, with the benchmark S&P/ASX 200 adding 0.9% to 4,082.50 after a 2.7% drop Friday. China-sensitive shares ...
The chairman of Mexican precious metals producer Fresnillo PLC (FRES.LN) said Friday that it remains committed to investing in exploration and new projects despite u...
Gold prices gained Thursday on a relief rally after closing lower for the past four sessions and as investors remained worried about the eurozone.Gold for June deliv...
Gold prices need to rise or mining companies may be forced to start cutting output and project financing, Gold Fields Ltd. (GFI) chief executive said Thursday.In rec...
China took over from India as the world's top consumer of gold in the first quarter of this year, cementing expectations that China will be the dominant buying force...
Gold Fields Ltd. (GFI) Thursday said first-quarter net earnings rose and production was stable from a year ago and that it expects to produce roughly the same amount...
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