Over the past three months, gold has been in a tight trading range between $1,540 and $1,640. However, several well-known hedge funds recently made large moves regarding the safe-haven asset.
The latest copper product destined for the world's hospitals, or the boardrooms of mining companies looking for something a little bit different on the corporate gift register this Christmas.
New doubts have emerged over world number one miner BHP Billiton's (LON/ASX/NYSE:BHP) $20 billion outer-harbour project at Port Hedland, Australia, with big names such as JPMorgan and Deutsche Bank saying they expect it to be axed.
Mexico-focused First Majestic Silver's (TSX:FR) (NYSE:AG) joined the group of silver producers that have been hit hard by the falling prices of the precious metal, as the company’s reported a profit drop of 50% year-on-year in the second quarter.
The chairman of Chile's state-owned Codelco, Gerardo Jofre, said Tuesday that an eventual change of management in London-based Anglo American (LSE:AAL) shouldn’t affect the ongoing negotiations between the miners over the long-disputed assets in the south of the country.