News Archive (2008)

December	November	October
September	August

International News at Coins Market

Gold Slips with Stocks, Euro and Oil; Bonds Rise Despite "Gold Friendly" Bail-Out Debt
Adrian Ash

Gold Prices fell hard into the Wall Street opening on Friday, losing 2% to reach a new two-week low of $824 an ounce as Asian stock markets closed sharply lower.

European shares reversed earlier gains. Crude oil slid back to $94 per barrel.

The chief executive and majority shareholder of gold mining firm Tao Minerals has purchased an extra million shares in the company.

James Sikora said the decision was an expression of his confidence in the organisation.

"I am extremely excited about the significant progress we have made and are currently making, toward the start-up of mining operations," he commented.

Gold treasure from the times of Jason and the Argonauts is on show at an exhibition in Cambridge, it has been reported.

A variety of gold jewellery, sculptures and funerary items dating back to as far as the first century are on display at the Fitzwilliam Museum as part of the From the Land of the Golden Fleece event.

The People's Bank of China has revealed that it will issue a set of gold coins in order to commemorate the country's first spacewalk, it has been reported.

Due to be released on October 10th, the 30,000 gold coins will feature an image of the solar system on the head side and a portrait of an astronaut on the reverse, according to the Xinhua news agency.

The attractiveness of gold coins in times of global economic uncertainty has been highlighted by a specialist.

Minera Yanacocha SRL has announced its gold mill has started gold production. Between April and June this year the mine in Peru produced 77,416 ounces of gold.

ASPEN � Charles Israel has turned those pesky foreign coins into more than $20,000 for UNICEF�s Change for Good program.

Commodity Online has published a report on the gold mining situation in China. According to the website, China is set to become the largest gold producing country in the world, eventually pushing South Africa into second place.

China National Gold Group Corporation (CNGGC) said on Monday it had found a new vein with an estimated 15 tonnes of gold at one of its mines. The Na Neng gold mine in the northwest Guangxi Province was previously thought to have a proven reserve of 5 tonnes, an unnamed official with the country's leading gold producer, manufacturer and trader told Xinhua.

Officials unveiled the prototype of the first U.S. coin with readable Braille characters last week � a silver dollar commemorating the 200th anniversary of the birth of Louis Braille, the creator of the alphabet for the blind.