Gold fell to a six-week low in Tuesday trading, stopping just short of the $1,700 an ounce threshold as investors become increasingly concerned about the state of the global economy.
Storied investor and financial author Stephen Leeb alleges that major hedge funds have engaged in concerted efforts to manipulate precious metals markets.
Copper futures have hit a six week low on trepidation over China's worsening economic outlook and caution just prior to a key meeting of the US Federal Reserve.
Veteran investor Michael Pento says the global "debt jubilee" which has been recently proposed as a one-shot panacea for the world's economic woes would have "unbelievably painful consequences" and lead to a collapse in asset prices.
The global diamond industry has announced the establishment of World Diamond Mark, an international non-profit marketing organization funded under the initiative of mid-tier players.
Rio Tinto's auction of a fresh set of multi-hued diamonds from its Argyle mine in Australia have elicited strong competition amongst bidders hailing from both Asia and Europe.