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
COMEX gold futures for April delivery inched higher on Wednesday, settling with a gain of $3.30, or 0.2%, at $1,396.10 per ounce. Gold futures held firm amid widespread liquidation as the crisis in Japan escalated further. Equities tumbled across the board, with the Dow Jones Industrial Average (DJIA) down 237.88 points at 11,617.54 this afternoon. [...]
Several tumultuous headlines related to the ongoing nuclear crisis in Japan have put significant pressure on financial markets over the past hour. The Dow Jones Industrial Average (DJIA) has tumbled 147.25 points to 11,708.17, while the U.S. dollar fell below 80 against the Japanese yen for the first time since 1995. Gold has held firm on [...]
Following hawkish comments on monetary policy from European Central Bank (ECB) President Jean-Claude Trichet earlier this month, many economists have adjusted their interest rate forecasts for the remainder of the year. Ken Wattret, BNP Paribas’ Chief European Economist, wrote in a note to clients that “Our current forecast is for the ECB to raise its refinancing rate by [...]
GOLD STOCKS NEWS – Gold stocks dipped Wednesday as the Market Vectors Gold Miners ETF (GDX) fell 0.9% to $55.97 in morning trading. The sell-off in gold stocks and the GDX came in spite of a modest gain in gold bullion, which advanced $3.61 to $1,399.30 per ounce. The S&P/TSX Global Gold Index, the leading [...]
GOLD PRICE NEWS – The gold price recaptured the $1,400 per ounce level, rising $7.30 to $1,403 per ounce Wednesday. Commodities rebounded alongside the gold price after five consecutive days of losses. Copper rose 2.8% to $4.25 per pound and crude oil climbed 1.9% to $99.85 per barrel. Silver, gold’s sister precious metal, rose 1.8% [...]
Gold rallied $6.30 to $1,402 per ounce early this morning, rebounding after yesterday’s $31 drop. Silver also bounced back, rallying $0.31, or 1%, to $34.56 per ounce. The bulk of the commodity complex rallied alongside the precious metals with oil and copper rising 2.0% and 2.5%, respectively. Equities in Asia rose for the first time [...]
