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China Zijin says to buy gold and copper project for $227 mln

Chinese gold and copper miner Zijin Mining Group Co Ltd said on Tuesday that it would acquire 45 percent of Gold Eagle Mining Investment Ltd for 1.44 billion yuan ($226.7…

Operators running gold and silver investment schemes promise ponzi plans of 300% reutrns in two years

Recently, a Rajasthan-based company Abhinav Gold International splashed a halfpage advertisement in major regional Gujarati newspapers, promising investors the moon – if you make a one-time investment of Rs 6,000,…

Yukon-Nevada Gold Corp’s quarterly loss narrowed as it gained from warrants

Yukon-Nevada Gold Corp said its quarterly loss narrowed as it gained from warrants. The company, which recorded an $8.5 million gain in warrants recorded as derivative liabilities, narrowed its third-quarter…

Gold and realty can be converted into financial assets: McKinsey

Indian household investment in gold and real estate has the potential to be converted into financial assets, according to a study by consulting firm McKinsey. The study estimates that by…

Country’s gold reserves with the central bank cannot be touched

Germany Economy Minister Philipp Roesler said on Monday the country’s gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at…

Spot gold edged down 0.2 percent to $1,791.69 an ounce

Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took centre stage in the euro zone debt crisis.…