Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
Gold futures for April delivery on the COMEX tumbled $21.30, or 1.5%, to $1,416.40 per ounce on Thursday, marking the yellow metal’s worst day since January 27. The sell-off in gold futures came amid hawkish comments from ECB President Jean-Claude Trichet, as well as a report that Libya accepted an offer from Venezuelan President Hugo [...]
China’s purchases of gold rose to 200 tonnes in January and February of 2011 as inflation fears lifted consumer demand for the yellow metal, according to a report by UBS. Peter Hickson, global commodities strategist at UBS, told Bloomberg that “China is the big buyer” and that “Gold is attractive…The more the market becomes concerned about [...]
Ken Rogoff reiterated his prediction that several European countries suffering from the sovereign debt crisis will need to restructure their debt. Rogoff, a Harvard University professor and the former chief economist at the International Monetary Fund (IMF), stated at the German Finance Ministry in Berlin that “I do think the eventual restructuring of two or three [...]
GOLD STOCKS NEWS – Gold stocks fell Thursday, as the Market Vectors Gold Miners ETF (GDX) dropped $1.08 to $59.71 per share. The sell-off in gold stocks and the GDX came as gold bullion retreated $12.60 to $1,421.60 per ounce. The S&P/TSX Global Gold Index, Canada’s leading basket of gold stocks, slid 1.6% alongside the [...]
The euro spiked from near 1.3860 to 1.3975 against the U.S. dollar this morning after European Central Bank (ECB) President Jean-Claude Trichet made several hawkish comments on monetary policy. Trichet stated at the ECB’s monthly meeting that an “increase of interest rates in the next meeting is possible” and that “strong vigilance is warranted” to [...]
GOLD PRICE NEWS – The gold price slid Thursday morning, trading down $14.50 at $1,419.55 per ounce. The decline in the price of gold accelerated after European Central Bank Jean-Claude Trichet made hawkish comments following today’s ECB policy meeting. Gold prices have surged to new record highs on worries that the spike in oil prices [...]
Risk appetites expanded across the globe as oil dropped over 1% to $101 per barrel. Emerging market equities climbed and the euro traded to its highest level versus the U.S. dollar since November. Despite a fresh bout of weakness in the greenback, gold fell $7.00 to $1,427 per ounce. S&P 500 stock futures surged 11.60 [...]
