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Another Record High Price For Gold

Posted August 2nd, 2011 at 5:05 pm (UTC-5)
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The price of gold surged 2.2 percent to an all-time high Tuesday, following some disappointing reports on the U.S. economy and continuing concerns about the European debt crisis. The price of gold for immediate delivery soared $35 in New York trading to end the day at $1,654.80 an ounce. Gold prices have hit record highs […]

Tags: , , , Posted in Economy

Another Record High Price For Gold

Posted August 2nd, 2011 at 1:50 pm (UTC-5)
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The price of gold surged more than 1 percent to an all-time high Tuesday following some disappointing reports on the U.S. economy, and continuing concerns about the European debt crisis. The price of gold for December delivery jumped $23 to go as high as $1,644.70 in New York trading. Gold prices have hit a series […]

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South African Gold Miners End Strike

Posted August 2nd, 2011 at 11:10 am (UTC-5)
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South African gold miners have ended a five-day strike after reaching a new wage deal with four mining firms. Unions say their workers will receive raises of between 7.5 and 10 percent under the two-year deal, announced Tuesday. More than 100,000 miners went on strike last Thursday after negotiations reached a stalemate. Solidarity, one of […]

Tags: , , , Posted in Africa

S. Korea Boosts Gold Reserves

Posted August 1st, 2011 at 8:55 pm (UTC-5)
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South Korea’s central bank said it has bought gold for the first time in a little more than 13 years, diversifying its foreign exchange reserves away from the U.S. dollar. The Bank of Korea Tuesday said it bought 25 tons of gold from the global market between June and July, bringing its total gold reserves […]

S. African Gold Strike Continues, Talks to Resume Monday

Posted July 29th, 2011 at 3:40 pm (UTC-5)
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Spokesmen for striking South African gold miners and the companies they work for said Friday talks were set to resume on Monday. Neither side offered details on the current status of wage negotiations. The miners are demanding a 14 percent pay raise while they have been offered seven to nine percent raises. Thousands of miners […]

Tags: , , , , Posted in Africa

S. African Gold Miners to Resume Talks to End Strike

Posted July 29th, 2011 at 6:00 am (UTC-5)
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Striking South African gold miners are set to resume talks with producers Friday to end their work stoppage. Thousands of miners from AngloGold, Ashanti, Gold Fields, Harmony and several smaller mines left their jobs on Thursday. The miners are demanding a 14 percent pay hike compared to the seven to nine percent they have been […]

Tags: , , Posted in Africa

Debt Worries Contribute to Gold Price Increase

Posted July 19th, 2011 at 11:40 am (UTC-5)
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Concerns about financial stability in the United States and Europe are helping to push gold prices to new heights. The price of gold rose above $1,600 an ounce for the first time in New York trading on Monday. While the price fluctuated in Tuesday’s trading, some economists say even higher prices are possible. Investors traditionally […]

Tags: , Posted in Americas, Asia, Economy, US

U.S., Mexico Advance to Gold Cup Championship Match

Posted June 23rd, 2011 at 3:30 am (UTC-5)
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The U.S and Mexican mens’s soccer teams will face each other in the CONCACAF Gold Cup championship match, after winning their respective semifinal matches Thursday at Houston’s Reliant Stadium. The U.S. edged Panama 1-0,with Clint Dempsey scoring in the 76th minute on a pass from teammate Landon Donovan. Freddy Adu set up the winning goal […]

Tags: , , , Posted in US

U.S. Soccer Team Opens Gold Cup Campaign Against Canada

Posted June 7th, 2011 at 1:50 pm (UTC-5)
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Three days after a 4-0 trouncing by world football champion Spain in a friendly home match, the U.S. soccer team begins its Gold Cup campaign with a game Tuesday night in Detroit against Canada . The only time Canada has beaten the American men on U.S. soil was back in 1957. The Gold Cup is […]

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