News // Metal market

One of Kazakhstan's largest gold mining companies, KazakhGold Group Limited, has raised $100 million via a new share issue sale, it said on Thursday.

Gold rose in late trading on Friday after the Fitch cut of Spain's debt ratings forced gold investors to cover short positions before the holiday long weekend.

The first gold refinery in Uganda has opened in the capital, Kampala. The plant will refine gold from the Democratic Republic of Congo and other countries in the region, including Uganda which discovered gold last year.

The government of Mongolia could soon decide on establishing a joint venture with Russia to develop a Mongolian uranium deposit, the head of the Russian civilian nuclear power corporation, Rosatom, said on Tuesday.

The Russian government commission on foreign investment approved on Tuesday a deal for the reverse takeover by Kazakh gold miner KazakhGold of its parent company Polyus Gold to boost stock liquidity.

The development of the East Siberian Udokan copper deposit, one of the largest in the world, will start in 2011.

Gold rose above $1 100 on Thursday as the dollar fell versus the euro and commodities like oil and metals rose.

A new gold discovery has been made at the Dos Mil Diez site at the Cordero project in Mexico, it has been reported.

There is set to be an increased investment demand for gold during the coming year, one expert has advised.

Investors looking to play it safe in the current uneasy economic climate might be wise to maintain "a significant position in gold".

A potential gold rush could be about to take place at the foot of the Ben Lui mountain in the southern highlands of Scotland.

According to one expert, China is seen as a key market for gold industry.

Gold posted its biggest one-day loss since 2008 on Thursday.

The Chinese Gold Association reported the country is still the world's number one gold producer, setting a new record in 2009.

The gold production of the Russian federation has increased, comparing with 2008, more than 11.2% to 205.2 tones last year.

Gold hit a record high above $1,210 an ounce on Wednesday, defying a stronger dollar as hedge funds and other institutional investors piled into bullion amid doubts about a nascent economic recovery.

World gold demand fell 9 percent in the second quarter to 719.5 tonnes as rising prices ..

Gold prices rebounded Monday, moving higher as the dollar

Gold prices retreated yesterday as the dollar showed strength against other major

Investors are seeking shelter in investments like gold and the dollar as stocks tumble on fresh concerns about soured loans at banks.