Saudi Arabian Mining Co posts Q3 net profit at $7.3 million

  • Maaden or The Saudi Arabian Mining Co said Tuesday it shifted to a net profit in the third quarter of the year compared to the same period in 2010 on higher world gold prices and an increase in sales.
    Oct 11, 2011 04:29 PM

Beware of Saudi gold fraud during Hajj

  • According to analysts, increase in fake gold sale in Saudi markets especially during Hajj is a real problem for authorities as it will tarnish country's image.
    Nov 03, 2011 11:58 AM

Is the new decree a threat to Vietnam gold sector?

  • Vietnam's decision to intervene in gold markets to curtail rising prices has also raised fear among gold traders that the new decree will eventually eating into their profits.
    Nov 03, 2011 03:38 PM

Chavez ignores options to bring back Venezuela's gold

  • Sources close to Chavez said moving gold reduces the risk of any seizure of assets related to ongoing arbitration cases, including those linked to the nationalization of gold and oil.
    Nov 03, 2011 04:40 PM

Vietnam expects a whopping 430% hike in jewellery import this year

  • Vietnam's import of jewllwery's including gems and diamonds this year is to climb a whopping 430 percent from last year.
    Nov 04, 2011 03:52 PM

Primero posts record Q3 profit

  • Primero Mining posted a third-quarter profit, helped by strong gold prices, sending its shares up as much as 7 percent.
    Nov 05, 2011 12:53 PM

Germany, Italy add to gold's glory this week

  • The two major reasons for gold's gains this week are Germany's refusal to a rescue plan involving its gold reserves and fear that Italy could be the next victim of the Euro denominated debt crisis.
    Nov 08, 2011 12:34 PM

Vietnam gold sector remains paralyzed over new gold decree

  • Vietnam's gold market was confronted with a gold shortage due to the gold import quota which has resulted in a significant gap between domestic and world prices in recent days
    Nov 08, 2011 02:22 PM

South Africa gold, forex reserves value hit $50,35 billion

  • Climbing gold prices helped former top gold producer South Africa to increase the value of its gold and forex reserves in October.
    Nov 08, 2011 04:53 PM

Gold consumption in China to hit 400 tons this year

  • According to China Gold Association, country's gold output may exceed 350 tons and consumption reach 400 tons this year.
    Nov 09, 2011 10:32 AM

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