Barrick is said to move closer to resolving Acacia dispute

"50% corrections are quite normal in markets."

The International Seabed Authority Council has approved 17 seabed exploration contracts that lie beyond national jurisdiction in the Pacific, Atlantic and Indian oceans.

The curb on credit card purchases of gold spread out over months comes on the heels of a raft of new regulations to cool Indians' love affair with gold.

Eike Batista could be forced to restructure his EBX Group, Reuters reports. Could AUX go to market?

"The dispute could heighten investor concerns about the risks of mining in Mongolia."

"The decline is feeding on itself."

Production results of 30,800 ounces of gold - a 26% jump from Q2 2012 and 33% from Q1 2013.

Mining companies started pushing to clarify the true costs of production over a year ago.

Spot prices hit $1,222.