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
GOLD PRICE NEWS – The gold price rose $12.20 to $1,180.97 Friday as the spot price of gold eyed its first three session win-streak since late May. The SPDR Gold Trust (GLD), which acts as a gold price proxy, finished higher by $1.20 at $115.49 per share. With today’s advance, the gold price extended its [...]
GOLD PRICE NEWS - At $1,172 per ounce, the gold price is heading into the last trading day of the month down 5.6% - its worst monthly decline since a 7.3% drop in December of 2009. Liquidation of gold futures positions on the COMEX and gold bullion ETFs, such as the SPDR Gold Trust (GLD), [...]
GOLD PRICE NEWS - The gold price closed higher by $5.50 at $1,168.75 per ounce, trading in a narrow range for the last two sessions after the price of gold plummeted $21 earlier in the week. The gold price is now 7.6% off its all-time high reached in mid-June, when the price of gold hit [...]
GOLD STOCKS NEWS - Gold stocks advanced Thursday, with the Market Vectors Gold Miners ETF (GDX) rising $0.23, or 0.5%, to $47.62 per share on the back of strong earnings reports from Barrick Gold (ABX) and Agnico-Eagle Mines (AEM). The S&P/TSX Global Gold Index, a basket of the largest gold stocks in Canada, was higher [...]
GOLD PRICE NEWS - At $1,160 per ounce, the gold price is $102 lower than its $1,265 high posted just one month ago. The 8% correction in the gold price has served to sour investor sentiment toward the gold price. The result has been a broad-based liquidation of investments tied to the gold price, including [...]
GOLD PRICE NEWS - The gold price rose $2.12 to $1,163.27 Wednesday as the price of gold broke its three-session losing streak. Following yesterday’s $21 slide, the gold price stabilized near the $1,160 level after the Federal Reserve reiterated its cautious outlook on the U.S. economy. The SPDR Gold Trust (GLD), which acts as a [...]
GOLD STOCKS NEWS - Gold stocks posted modest gains Wednesday, as the Market Vectors Gold Miners ETF (GDX) rose $0.23, or 0.5%, to $47.32 per share in mid-day trading despite a weaker than expected earnings report from Newmont Mining (NEM). The advance in the GDX came as gold stocks moved higher following yesterday’s 3.7% slide, [...]
GOLD PRICE NEWS - The gold price stabilized Wednesday morning near $1,160 per ounce after sliding 1.8% yesterday. As stop losses were triggered in the COMEX gold futures pits, the gold price moved lower and broke below support at $1,180 per ounce. The lower gold price led to heavy selling the share prices of gold [...]
GOLD STOCKS NEWS - Gold stocks tumbled alongside the gold price Tuesday, with the Market Vectors Gold Miners ETF (GDX) falling $1.94, or 4.0%, to $46.96 per share in mid-day trading. With today’s weakness in gold stocks, the GDX is now lower by 9.6% in July and is on pace for its worst monthly decline [...]
GOLD PRICE NEWS - The gold price continues to struggle under $1,200 per ounce, unable to re-take the psychologically-important level. The price of gold has fallen 4.8% in the month of July, mirroring exactly the 4.8% monthly decline in the U.S. Dollar Index (DXY). The historical inverse correlation between the gold price and the U.S. [...]
