Gold

Making the 2012 Olympic gold medal from pure gold would amount to $22,000 per medal at Friday's closing price of $1,585 an ounce. Event organizers baulked and opted for a mix of silver, a few grams of gold and copper for winning athletes.

A new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa’s gold output.

It's arrived, the world's most expensive edible cupcake made out of gold.

Early results indicate approximately 100% of available common shares subscribed, generating $1.8 Billion in gross proceeds

Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.

FBI raids on the Iowa offices of Peregrine Financial Group have uncovered a trove of special-edition SpongeBob Squarepants silver bullion amongst the effects of the failed futures brokerage.

China represents about a quarter of global demand for the precious metal and allowing the country's banks to trade gold directly with each other should boost demand further.

Barrick Gold Corp. reports second quarter earnings on July 26th, and it has to be one of the most anticipated set of results in the company’s history. New chief executive Jamie Sokalsky will address the broader market for the first time since the shocking ouster of Aaron Regent in June. He is expected to provide more detail on Barrick’s strategic direction.

An Argentine court ruled Wednesday in favour of suspending Famatina, a gold exploration project led by Canadian company Osisko (TSX:OSK), until a new ruling outlawing mining near glaciers is applied in the area.