Gold Heads for Weekly Decline in New York on Dollar Rebound; Silver Drops

(Bloomberg) -- Gold fell in New York, heading for
the biggest weekly decline in seven weeks, on speculation a
strengthening dollar will reduce the precious metal's appeal as
an alternative investment. Silver also dropped.

The dollar rallied to a two-week high against the euro
today after a U.S. Commerce Department report showed the economy
grew last quarter at the fastest pace in more than a year. Gold,
sold in the U.S. currency, rose to a three-month high of $695.40
an ounce on July 25, a day after the dollar touched a record low
of $1.3852 against the euro.


Read more at Bloomberg Commodities News

Gold, Silver Gain in New York as Dollar Tumbles to Record Low Against Euro

(Bloomberg) -- Gold rose to an 11-week high in New
York as the dollar tumbled to a record low against the euro,
boosting the appeal of the precious metal as an alternative
investment. Silver also gained.

The dollar fell to a record $1.3852 against the euro and a
26-year low against the pound today on speculation subprime
mortgage losses will deepen and reduce demand for U.S. assets.
Before today, gold had gained 6.8 percent this year as the dollar
slumped 4.4 percent against the euro.


Read more at Bloomberg Commodities News

Gold Falls in London as Dollar's Drop Against Euro Stalls; Silver Climbs

(Bloomberg) -- Gold fell in London as the dollar's
decline against the euro stalled, eroding the appeal of the
precious metal as an alternative investment. Silver advanced.

Before today, gold had climbed for three consecutive weeks
while the dollar fell against the euro for six weeks in a row.
Gold declined today and the euro weakened against the dollar,
both for the first time in a week.


Read more at Bloomberg Commodities News

Broadcom probe looks at ex-CEO's behavior: report

(Reuters) - In court papers, Kato claimed that Nicholas had a deep dependence on cocaine and other drugs, regularly slept with prostitutes and women other than his wife, spiked the drinks of Broadcom customers with ecstasy, and ordered prostitutes for customers while at trade shows in Las Vegas.




Steven Silverstein, Nicholas' attorney, denied all those claims, saying Kato made them in a bid to extort money from Nicholas.


Read more at Reuters.com Business News

Gold Rises as U.S. Dollar's Decline Revives Investor Demand; Silver Gains

(Bloomberg) -- Gold rose, heading for a second
consecutive weekly advance, on signs declines in the dollar have
helped to revive demand for the precious metal as an alternative
investment. Silver advanced.

Investment in the StreetTracks Gold Trust, the biggest
exchange-traded fund backed by bullion, has climbed 4.4 percent
this month, heading for the first monthly gain since April,
figures from the World Gold Council show. Gold has climbed 4.3
percent from a four-month low on June 27 as the dollar has
fallen to a record low against the euro.


Read more at Bloomberg Commodities News

Gold in Asia Little Changed as Dollar's Decline Boosts Investment Appeal

(Bloomberg) -- Gold was little changed in Asia after
rising to the highest in more than a month yesterday as the U.S.
dollar's decline boosted demand for the metal as an alternative
investment. Silver was also little changed.

Gold generally moves in the opposite direction of the U.S.
currency. Gold has gained 4.7 percent this year, while the euro
had climbed 4.4 percent against the dollar. The dollar index, a
gauge of its value against six other currencies, fell to a 2 1/2-
year low of 80.545 yesterday.


Read more at Bloomberg Commodities News

Silver Lake says going public not on radar

(Reuters) - "I'm not ruling anything out," said Glenn Hutchins, co-founder
and managing director of Silver Lake, on the sidelines of a
conference held by the Wall Street Journal. "But, look, we are
nine years old. Blackstone is over 20 years old. There's a lot
that you do in terms of developing your business over the course
of that time period. It's just not something that is on our radar
screen."




Blackstone became the first major U.S. private-equity firm to
go public, debuting last week and rising 13 percent in its first
day of trading, minting billions of dollars of new wealth for its
founders.


Read more at Reuters.com Mergers News

Gold Rises in London on Speculation Dollar's Rally Will End; Silver Falls

(Bloomberg) -- Gold snapped two days of declines in
London on speculation the dollar will stop strengthening against
other currencies, reviving demand for the precious metal as an
alternative investment. Silver also increased.

Bullion has dropped in five of the past seven weeks as
higher global interest rates and a strengthening U.S. currency
eroded the metal's investment appeal. The dollar dropped against
the yen today and the yield on the U.S. 10-year note fell.


Read more at Bloomberg Commodities News

Gold Little Changed in Asia Amid Speculation Rise Overdone; Silver Drops

(Bloomberg) -- Gold was little changed in Asia amid
speculation investors may bet five consecutive days of gains for
the precious metal were overdone. Silver fell.

Gold, which touched a three-month low of $643.38 on June 13,
yesterday posted its largest one-day gain since June 1. Gold has
risen 2.2 percent over the past five days as the dollar fell to
near a two-week low against the euro.


Read more at Bloomberg Commodities News

Gold Rallies From 12-Week Low as Equities, Oil Costs Gain; Silver Rises

(Bloomberg) -- Gold rose from a 12-week low in New
York on speculation that last week's slump was overdone because
rising equity markets and higher energy costs will boost the
metal's appeal as a hedge against inflation. Silver gained.

Gold's 3.9 percent decline last week was the biggest in
three months, as the threat of higher interest rates led some
investors to sell the metal to cover losses in the equity
markets. U.S. stocks rebounded on June 8 after floor trading in
gold ended and European stocks rose today.


Read more at Bloomberg Commodities News

Gold Declines in London as Dollar Extends Gains Against Euro; Silver Drops

(Bloomberg) -- Gold dropped in London on expectations
that a rebound in the dollar against the euro may reduce demand
for the precious metal as an alternative investment. Silver fell
for a second day.

Gold gained 23 percent last year as the dollar dropped 10
percent against the euro and rising prices for raw materials such
as copper, orange juice and corn spurred demand for a hedge
against inflation. The dollar has rebounded from a record low in
April and U.S. consumer price increases slowed.


Read more at Bloomberg Commodities News

Gold Futures Decline in New York on Sales by Central Banks: Silver Rises

(Bloomberg) -- Gold in New York fell on speculation
that central banks will increase bullion sales. Silver rose.

European central banks will probably sell all 500 metric
tons of gold allowed under an agreement that goes through Sept.
26, UBS AG said in a report today. UBS previously forecast sales
of 400 tons. Gold gained 1.5 percent on June 1, partly because
the European Central Bank, one of the signatories of the accord,
said it won't sell more gold until September.


Read more at Bloomberg Commodities News

Gold May Decline for Second Day in London on Bank Sales; Silver Advances

(Bloomberg) -- Gold may decline in London for a
second straight day on speculation that central banks in Europe
will increase bullion sales. Silver gained.

Spain's central bank reduced its gold holdings to 9.9
million ounces in May, from 10.8 million ounces at the end of
April, according to a statement on its Web site today. European
central banks will probably sell all 500 tons of gold allowed
under an agreement that goes through Sept. 26, UBS AG said in a
report today. It previously forecast sales of 400 tons,


Read more at Bloomberg Commodities News

Gold Prices Trade Near Two-Month Low Amid Speculation Dollar to Strengthen

(Bloomberg) -- Gold prices in Asia were little
changed near a two-month low amid speculation the dollar will
strengthen further against the euro, reducing the appeal of the
precious metal as an alternative investment. Silver fell.

Gold generally moves in the opposite direction to the
dollar which last week gained to a six-week high against the
euro. Gold, which traded at a two-month low of $652.01 on May 24,
has risen 3 percent so far this year as the dollar dropped 1.9
percent against the euro.


Read more at Bloomberg Commodities News

AQuantive, Cytyc, Dynegy, Fremont General, MGM Mirage: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names. Shares prices are as of 8:10 a.m. New York time.

Accredited Home Lenders Holding Co. (LEND US) rose $1.35, or
11 percent, to $14.10 in trading before the open of U.S.
exchanges. Silver Point Capital LP said in a regulatory filing
that it boosted its stake in the subprime mortgage company to 5.2
percent from 3.8 percent.


Read more at Bloomberg Stocks News

Gold, Silver Rebound in Asia as Dollar's Fall Boosts Demand For the Metal

(Bloomberg) -- Gold and silver rebounded in Asia as the dollar headed for its fourth consecutive weekly decline against the euro, boosting demand for the precious metal as an alternative investment.

Gold generally moves counter to the dollar, which traded within a cent of its record low versus the euro on speculation slowing U.S. growth will cut the currency's appeal. Gold yesterday had its biggest one day fall since March 2.


Read more at Bloomberg Commodities News

Return of investors triggers gold price advance

Gold rose to its highest in more than a week on Monday, driven by speculative buying and a return of investor confidence after the recent sell-off.

Silver and platinum hit two-week peaks, while palladium prices climbed to their highest since March 9.

Spot gold rose as high as $656.25 an ounce and was quoted at $654.70/655.45 by 1506 GMT, against $651.90/652.90 in New York late on Friday.

Read more at Reuters South Africa

Gold and silver off 1-week low; investors cautious

Gold rose above $646 anounce Thursday to track a rebound in crude oil but investorsremained cautious after the previous day's drop, even withlittle changed in terms of fundamentals.

Jewellers from India and Thailand bought gold at lowerlevels, although the price rebound also encouraged lightselling in Singapore. Other precious metals firmed, with silvermoving away from Wednesday's one-week low.

Read more at Reuters South Africa

Gold off 5-½ month high; silver, platinum fall

Gold fell $1 on Friday, after having risen to its best level in 2007 a day earlier, but bargain hunters were expected to resurface around current levels and offer some support.

Other precious metals hovered below their highs hit on Thursday and were expected to track movements in gold, which may also find support from purchases from jewellery makers ahead of the Lunar New Year in February.

Spot gold fell to $645.10/646.10 an ounce from$646.60/647.60 an ounce late in New York on Thursday, when it had risen to its highest since early August at $654 an ounce.

Read Full Article at Reuters South Africa

Gold, palladium soars

Gold has rallied to a 5½-month high of $651.80/oz as investors saw potential for it to scale new peaks on expectations of a weakening of the US dollar.

Silver jumped to a one-month high, while palladium prices rose as high as $349 an ounce, the highest level in more than four-and-a-half months.

After several recent attempts, gold breached the $650-an-ounce mark and analysts said a weaker dollar and firmer oil prices should help it to scale new highs going forward.

Read Full Article at FIN24.co.za