Mines Management (MGN) announces first quarter results
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Canaco Resources (CAN) delivers initial resource for Magambazi
Aurizon Mines (AZK) reports “excellent” results at Casa Berardi
Gold futures, per the COMEX June contract, rallied $15.00, or 1.1%, to $1,439.90 per ounce on Thursday to cap off its tenth consecutive quarterly advance. Moreover, gold futures settled at a new all-time high on a closing basis. On an intra-day basis, however, the yellow metal did not surpass its record high of $1,448.60 per [...]
Contrary to claims made by the Federal Reserve, financial markets did not crash and the world did not come to an end when it was forced to reveal records of loans made during the financial crisis of 2008. On Thursday the Fed released records of financial institutions that borrowed directly from the central bank’s discount [...]
GOLD STOCKS NEWS – Gold stocks climbed Thursday, with the Philadelphia Gold & Silver Index (XAU) advancing 1.0% to 217.36 in late morning trading. Gold stocks were boosted by a spike in gold bullion, which jumped $14.30 to $1,437.21 per ounce. With today’s rally in gold stocks, the XAU returned to positive territory in March, [...]
The sovereign debt crisis in Portugal continued to escalate Thursday after the latest reading on the nation’s budget deficit came in above the government’s target. The National Statistics Institute reported that Portugal’s budget deficit in 2010 was 8.6% of GDP, well north of the 7.3% the government was expecting would help alleviate concerns. Furthermore, it [...]
The gold price advanced through $1,430 per ounce, gaining $8.30 to $1,431.20 per ounce Thursday morning. Despite closing lower for four of the past five trading sessions, the gold price is within 1.2% of its $1,447.75 record high.
