Top 10 countries with largest gold reserves

With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.

Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

Analysts believe there is a strong probability gold will move above $1,340 towards resistance near $1,580 an ounce.

Delhi wants to open up mining of gems and precious metals and cut reliance on imports.

A gold bull market would be good for the badly battered TSX Venture exchange, which is heavily weighted with junior miners with gold projects.

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.

Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.