VENTURE CAPITAL POST

Although Bitcoin and gold are driven by the same demand for alternative currencies, one fared better than the other. Wall Street Journal said investors are rushing to invest in Bitcoin as gold loses its appeal.

Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.

The network branches of India Infoline Finance had been set to expand its clientele and service offerings.

The Federal Reserve Bank of India said that it would not convert idle gold into bullion.

Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.

Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.

Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.

Global trades on bullion fell as the United States' credit outlook gets boosted by Standard & Poor's.

Rio extends budget after impasse with Mongolian government over mining project.

European Medgold acquired the Grasceta gold exploration licence, located in southern Tuscany