PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day
01/02/2013| 04:03pm US/Eastern
U.S. Mint Gold-Coin Sales Fell 25% in 2012 to Five-Year Low
The decline is likely the result of investors turning to gold coins made by other mints and to exchange-traded funds designed to track the price of the precious metal, said Miguel Perez-Santalla, a vice president with online precious metals exchange BullionVault. "Coin sales are down, but that doesn't mean that interest in precious metals is down."
Indian Gold Demand to Lose Shine as U.S. Averts Fiscal Cliff
MUMBAI--Indian investors' demand for gold is likely to lose its luster this year after the U.S. averted a fiscal cliff, which signals economic recovery is on its way soon and is set to weaken the safe haven appeal of the yellow metal.
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Harmony Gold to Keep Kusasalethu Mine Shut for Review
JOHANNESBURG--South Africa's Harmony Gold Mining Co. (HAR.JO) said Wednesday that it will keep its Kusasalethu gold mine shut while it conducts a review of the operation, following labor unrest at the site at the end of 2012.
Comex Gold, Silver Hit Two-Week Highs After U.S. Budget Deal
NEW YORK--Gold and silver popped to two-week highs Wednesday, as money managers returned to the precious metals in the new year following U.S. lawmakers' last-minute budget deal.
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