Gold, Silver Little Changed After Drop on Concern Global Growth May Slow

(Bloomberg) -- Gold was little changed in Asia after
the biggest weekly decline in almost two months on concern that
global economic growth may slow, reducing the metal's appeal as a
hedge against inflation. Silver was also little changed.

Gold fell 3.3 percent last week amid a $2.1 trillion world
stock market rout and concern that U.S. subprime mortgage losses
may slow economic growth, reducing inflation. Investors usually
buy gold at time of rising raw material prices to preserve wealth.


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

(Bloomberg) -- Gold fell in London, heading for the
biggest weekly decline in more than four months, as gains in the
dollar reduce demand for the metal as an alternative investment.
Silver also dropped.

Gold has declined 3.3 percent this week after the dollar
headed for the first weekly advance in seven against the euro.
European central banks have sold about two-thirds of the bullion
allowed under an agreement that runs through Sept. 26, World Gold
Council figures show.


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Gold Climbs in London on Speculation Dollar Will Decline; Silver Advances

(Bloomberg) -- Gold snapped three consecutive days
of declines in London on speculation a drop in the value of the
dollar will increase demand for the precious metal as an
alternative investment. Silver also rose.

Gold has climbed 6.3 percent this year as the dollar
declined 3.8 percent against the euro. The dollar was little
changed today after the biggest gain in four months yesterday.


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Gold Little Changed in Asia as Dollar Stabilizes After Decline Versus Euro

(Bloomberg) -- Gold was little changed in Asia
after falling for the first day in three yesterday as the
dollar's decline seemed to stall, reducing the precious metal's
appeal as an alternative investment. Silver declined.

Gold generally moves in tandem with the euro, which fell
for the second day yesterday after reaching a record against the
dollar on July 13. Gold has gained 4.5 percent while the euro
has risen 4.4 percent against the dollar this year. Europe's
single currency fell to $1.3776 at 10:16 a.m. in Singapore
compared with all-time high $1.3814 on July 13.


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Gold Futures May Gain on Speculation Dollar to Slump; Silver Increases

(Bloomberg) -- Gold, little changed in New York,
may gain on speculation the dollar will decline against the
euro, boosting the appeal of the precious metal as an
alternative investment. Silver rose.

Gold generally moves in the opposite direction of the
dollar, which was little changed after earlier falling to a
record against the euro. Before today, gold had gained 4.1
percent this year, while the euro climbed 4.2 percent against
the dollar.


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Gold Rises on Demand for Alternative to Slumping Dollar; Silver Advances

(Bloomberg) -- Gold rose to a one-month high in
London on speculation investors will seek an alternative to the
slumping dollar. Silver gained.

Bullion, priced in the U.S. currency, has gained 1.8 percent
in the past month, while the dollar has declined 2.8 percent to a
record low against the euro. Gold traded in euros has actually
dropped 1.6 percent over the same period.


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Gold Rises in Asia Amid Speculation That Surging Oil Price to Boost Demand

(Bloomberg) -- Gold traded little changed in Asia
amid speculation that a rise in energy costs will boost demand
for the precious metal as a hedge against inflation. Silver was
unchanged.

The gold price usually moves in the same direction as crude
oil, which traded near a nine-month high in New York as a drop
in U.S. refinery processing rates raised concerns among some
investors about supplies. Oil yesterday rose 2.1 percent.


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Judge rules for Refco ex-CEO in currency unit suit

(Reuters) - The plaintiffs -- American Financial International
Group-Asia LLC, Norma LaVigne and Vaughn LaVigne -- sued former
CEO Phillip Bennett. Also sued were Gerald Sherer, who was the
CEO of RefcoFX; William Sexton, the former RefcoFX chief
operating officer; and Philip Silverman, the former company
secretary.




U.S. District Judge Gerard Lynch granted motions by Sexton,
Sherer, Bennett and Silverman to dismiss the complaint, but
allowed the plaintiffs to refile their fraud claims.


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Gold Little Changed Amid Speculation Dollar's Gain to Curb Metal's Appeal

(Bloomberg) -- Gold was little changed in Asia amid
speculation a gain in the dollar will reduce the appeal of the
precious metal as an alternative investment. Silver was also
little changed.

Gold generally moves in the opposite direction to the U.S.
currency, which rose against the euro today after U.S. retail
sales in May rose at more than twice the rate economists
forecast. Gold has fallen 1.5 percent this month while the
dollar has gained 1.1 percent against the euro.


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Gold Declines to 12-Week Low on Outlook for Interest Rates; Silver Drops

(Bloomberg) -- Gold fell to a 12-week low in New
York on speculation that higher global interest rates will
reduce demand for the precious metal as an alternative
investment. Silver tumbled the most in three months.

Traders assign a 44 percent chance that the U.S. Federal
Reserve will raise rates 25 basis points by December as of
yesterday, compared with zero chance a month ago, according to
options on Fed funds futures. Gold fell 3.9 percent this week
after the Reserve Bank of New Zealand and the European Central
Bank raised rates. Holding gold becomes less attractive when
interest rates rise because the metal has no fixed returns.


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UPDATE 1-Coeur says Bolnisi to extend due diligence period

(Reuters) - Last month, Coeur said it would buy Bolnisi Gold and
Palmarejo Silver and Gold Corp. in a deal worth $1.1
billion that would create the world's leading silver producer.




Palmarejo owns a major silver project in Chihuahua, Mexico,
that is expected to start production in late 2008 with an
annual rate of about 12 million ounces of silver and 110,000
ounces of gold.


Read more at Reuters.com Government Filings News

Gold Rises in Asia as Investors Speculate Losses Overdone; Silver Gains

(Bloomberg) -- Gold gained in Asia as investors bet
yesterday's fall, its largest fall in four weeks, was overdone.
Silver also rose.

Gold generally moves in the opposite direction of the U.S.
dollar which yesterday advanced the most in three weeks versus
the euro on speculation the Federal Reserve will hold borrowing
costs steady. Gold yesterday fell $11.60, or 1.7 percent, its
biggest one-day fall since May 10.


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Avaya Agrees to Be Bought by Silver Lake Partners, TPG for $8.2 Billion

(Bloomberg) -- Avaya Inc. agreed to be acquired by
Silver Lake Partners and TPG Inc. for $8.2 billion in the
largest leveraged buyout of a computer-networking company.

Investors will receive $17.50 a share, Basking Ridge, New
Jersey-based Avaya said in a statement last night. That is 4.7
percent more than yesterday's closing price and 28 percent more
than the price before speculation about the purchase surfaced.


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Gold Falls on Speculation Demand Will Slow as Dollar Steadies Versus Euro

(Bloomberg) -- Gold fell in New York on speculation
demand for the metal will slow as the dollar remains steady
against the euro. Silver climbed.

Gold generally moves in the opposite direction of the
dollar, which has gained 1.3 percent against the euro since
falling to a record in late April. Gold gained 2.3 percent last
week after dropping 4.1 percent in the previous three weeks.


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Gold Futures Climb After European Central Bank Caps Sales: Silver Gain

(Bloomberg) -- Gold rose in New York on speculation
that central banks will slow metal sales after the European
Central Bank said it has no plans to sell more bullion through
September. Silver also gained.

The ECB is one of 16 signatories of the so-called Central
Bank Gold Agreement, which allows members to sell no more than
500 metric tons of gold each year. The ECB said today it sold 60
tons since September. The metal fell 6.6 percent to $651.50 an
ounce on May 24 from an 11-month high of $698 on April 20. Some
European central banks sold gold worth $912 million last month.


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Gold Gains in New York as Euro Strengthens Against Dollar; Silver Advances

(Bloomberg) -- Gold in New York rebounded from a two-
month low as the euro strengthened against the dollar, increasing
the appeal of the precious metal as an alternative investment.
Silver also rose.

Gold generally moves in tandem with the euro, which rose
today after falling to a six-week low earlier this week. Before
today, gold had climbed 2.4 percent this year while the euro
gained 1.8 percent against the dollar.


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NYC mayor praises World Trade Center settlement

(Reuters) - "Governor Spitzer and his team, Silverstein
Properties and the insurance companies are to be commended for
today's agreement," Bloomberg said in a statement. "Ensuring
sufficient funding to allow the reconstruction of the World
Trade Center site to proceed has been one of the chief
challenges we've faced."




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Silver May Rally 15 Percent by Year End on Investor Demand, Supply Decline

(Bloomberg) -- Silver may jump 15 percent by year-end
on increasing investor interest and limited supplies, said
Philip Klapwijk, executive chairman of precious-metals research
company GFMS Ltd.

Total silver supplies slipped 1.5 percent last year to
911.8 million ounces, GFMS said in a report published today by
the Washington-based Silver Institute. There is ``a pretty good
chance we're going to see another spike before 2007 is over'' and
the price could touch $15 an ounce, Kalpwijk said during a
presentation to investors in New York today.


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Gold Rises as Energy Costs Boost Appeal of Inflation Hedge; Silver Gains

(Bloomberg) -- Gold in New York rose, erasing early
losses, as rising energy prices boosted the appeal of the
precious metal as a hedge against inflation. Silver also gained.

Crude oil rose today above $66 a barrel to its highest
price in three weeks as refineries stepped up production of
gasoline to meet summer demand. Some investors buy gold to
preserve purchasing power in times of accelerating inflation.


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Gold in Asia Declines From Near 11-Month High on Dollar; Silver Weakens

(Bloomberg) -- Gold fell from a near 11-month high after the U.S. dollar strengthened in Asia, reducing the precious metal's appeal as an alternative investment. Silver also declined.

Gold, which generally moves in the opposite direction of the dollar, touched $691.26 yesterday, its highest since May 18, 2006, as the dollar fell to a two-year low against the euro on speculation European economic growth will outpace that of the U.S.


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