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
Despite today’s $0.70 drop to $1,309.60 in the December contract, COMEX gold futures finished higher for the second consecutive month, rising $58.79, or 4.7%, in September. For the third quarter of this year, gold futures advanced $63.55, or 5.1%, to extend its quarterly win streak to eight. Silver futures for December delivery fell $0.13 to [...]
The International Monetary Fund (IMF) announced that as part of its open-market bullion sales plan, it sold 594,000 ounces, or 18.5 tonnes, of gold in August. The IMF’s sales plan consists of 403.3 tonnes of gold to boost lending resources, and was initially announced in late 2009. According to the most recent update of the [...]
GOLD PRICE NEWS – The gold price turned decisively lower Thursday, falling from a new all-time high of $1,317 to as low as $1,297 as the U.S. Dollar Index (DXY) rebounded from 78.2 toward the 79 level. This morning’s gold price climb to a new record high was the 12th such occurrence this month, as [...]
GOLD STOCKS NEWS – Gold stocks fell Thursday, as the Market Vectors Gold Miners ETF (GDX) slid $0.85 to $55.89 amid broad-based weakness in precious metals as the U.S. dollar rebounded. The S&P/TSX Global Gold Index, the most closely-followed basket of gold stocks in Canada, fell 6.95 points to 400.83 this morning. In spite of [...]
GOLD ETFS NEWS – Gold ETFs slid Thursday, with the SPDR Gold Trust ETF (GLD) falling $0.15 to $127.80 in morning trading. After briefly hitting a new all-time high of $128.28, the GLD, the largest gold ETF, quickly turned lower as the U.S. dollar recovered its earlier losses. Despite today’s modest decline, the GLD remains [...]
GOLD PRICE NEWS – The gold price continues its ascent, hitting yet another new all-time high early Thursday morning. Gold prices traded above $1,315 per ounce on a weak U.S. dollar and worries over a budding trade war with China. The U.S. House of Representatives voted yesterday to let domestic companies petition for duties on [...]
Gold prices posted a new all-time record high, touching $1,315 per ounce early Thursday morning. A weak U.S. dollar continues to bolster gold as well as oil and the rest of the commodity complex. The euro broke above 1.36 against the dollar for the first time since April.
While the majority of gold stocks have posted considerable gains this month, several names have severely lagged the sector’s strong performance. Barrick Gold (ABX) and Goldcorp (GG), two of the world’s largest gold miners, have seen their shares remain virtually unchanged in September. Other names that have failed to participate in the sector’s rally include Detour [...]
Gold stocks have surged higher alongside the gold price this month, with the GDX and GDXJ climbing more than 5% and 12%, respectively. The S&P/TSX Global Gold Index, a composite of the largest gold stocks traded in Canada, has posted a more modest gain of 2.6%. Notable advancers included in the GDX and Global Gold Index [...]
COMEX gold futures continued their record advance, with gold for December delivery settling up $2.00 at $1,310.30 per ounce. Today’s rally marked the eleventh day this month that gold futures reached a new all-time high, and the sixth consecutive trading day. Silver futures – per the December contract – finished higher by $0.24 at $21.95 [...]
