Gold

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to cancel the firm’s seabed mining permit.

Figures released by the US Mint on Friday indicate that sales of silver in year-to-date exceed those of gold more than fifty-fold in terms of weight.

A 32-year-old Australian lawyer for a Rio subsidiary has been prevented from leaving Mongolia by local police following allegations of corruption.

Gold Fields (JSE:GFI) has fired 8,500 striking workers at a mine in South Africa following their failure to respond to an ultimatum to abandon the strike.

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.

United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.

Gold prices have enjoyed a partial recovery from the prior session's precipitous drop on anticipation of improved demand from India.