Gold headed for its first weekly advance since early June as investors weighed renewed concerns over economic growth.

The gold miners’ stocks have just been slaughtered in recent months, spiraling relentlessly lower.

The rate hike was the first by the ECB in over a decade, and its largest since 2000.

The company said it would focus instead on its new 100% owned San Pietro copper-gold-cobalt project in Chile and other projects in Argentina.

Australia's largest gold miner said it produced 637,032 oz for the three months ended June 30.

Christian Trunz told a Chicago jury that Michael Nowak, the managing director who ran the precious metals business, advised him to mislead investigators about his intent to execute the trades.

Spot gold fell 0.9% to a new 11-month low, after holding steady earlier in the session.