Caterpillar rally hindered by fresh drop in sales

Expect five fold increase by end of October 2015

Some profit taking, chart consolidation and a strong dollar are all pushing bullion down.

Prophecy Platinum Corp. (NKL), has scored a major talent coup by attracting a trio of credible and experienced mining executives to advance its flagship Wellgreen platinum, nickel and copper project in the Yukon Territory.

Despite gold prices being at the highest in the last three weeks, India’s sales in just one city totalled 300 kg on Sunday, as the country’s festive season of Diwali kicks off.

$8.5 billion and counting.

The company pockets about a quarter of a percent of its precious metal sales—less for the gold it sells to the Mint.

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh working conditions.

Swiss luxury jeweller and watches manufacturer Chopard, in partnership with London store Harrods, has unveiled newest precious stones-based collection inspired by Walt Disney’s Princesses.

Storied investor Stephen Leeb says he is bullish on gold in the long-term due to surging demand from the Middle Kingdom and his belief that China plans to back its official currency with the precious metal.