Spanish Mountain Gold (SPA) launches Feasibility Study
Klondex Mines (KDX) reports “very encouraging” results at Fire Creek
Canaco Resources’ (CAN) gold discovery keeps growing
Claude Resources (CGR) expands gold mineralization at Santoy Gap
Crocodile Gold (CRK) reports completion of Luxor Group bid
Premier Gold Mines (PG) expands presence in Red Lake District
The gold price steadied near the $1,170 level while investors weighed whether the price of gold, gold mining stocks, and other assets such as emerging market equities and cyclical commodities were set to correct further following the surprise announcement out of Dubai last Wednesday. News that heavily-indebted Dubai World, a state-owned entity of Dubai, announced [...]
The gold price suffered its worst decline in over a month, falling $17.07 to $1,172.09 per ounce, as the price of gold and gold mining stocks sold off on the news that Dubai World, the government’s investment arm, is postponing payments on $59 billion of debt that it used to finance its construction boom. After [...]
After the gold price traded above $1,190 yesterday, news of Dubai’s debt default sent the price of gold plunging $52 to a low of $1,138. While gold is currently stabilizing near $1,157, down $31.50, the gold mining stocks are under severe pressure heading into the open as the U.S. dollar rallies and risk aversion rises. [...]
The gold price rose to an all-time high of $1,195 per ounce early this morning as the rush to gain exposure to the gold price showed no signs of abating. COMEX gold futures posted a record close for the ninth consecutive day and have closed higher for a remarkable 17 out of the past 18 [...]
Gold Posts New All-Time High at $1,195 Per Ounce
While the soaring gold price has been front page news as the price of gold continues to set record highs on a daily basis, its sister precious metal, silver, has actually outperformed in 2009. The silver price has rocketed up 62.8% this year against a 32.6% rise in the gold price. However, as the gold [...]
The gold price set a new record high at $1,182.75 per ounce and the price of gold, as measured by COMEX gold futures, looked set to move higher for the seventeenth trading day out of the last eighteen - an unprecedented feat. Gold is moving higher once again as the U.S. Dollar Index (DXY) is [...]
While the gold price traded flat for most of the day, the price of gold, as measured by COMEX gold futures managed to close higher for the sixteenth trading day out of the last seventeen. Gold registered another all-time closing high and was trading at $1,169.70 per ounce in the electronic after-hours session. In a [...]
The gold price hit a record high of $1,174 per ounce and COMEX gold futures closed higher for the fifteenth time in the last sixteen trading sessions as gold fever gripped Wall Street. The December COMEX contract rose $17.90, or 1.6%, while spot gold bullion closed at $1,165.31, up 1.3%. Investment banks are rushing to [...]
Gold Price Trades to New All-Time High of $1,174
