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 posted their first weekly decline in four weeks, after falling $13.20, or 0.9%, over the past five trading days. On Friday, COMEX gold futures – per the August contract – settled lower by $13.50, or 0.9%, at $1,529.20 per ounce. The yellow metal had closed between $1,535 and $1,545 over the past ten [...]
The European Central Bank’s “staunch opposition” to a sovereign debt restructuring for Greece is a “recipe for disaster,” according to Mario Blejer, the former president of the Central Bank of Argentina. In an article for the Bulletin of the Official Monetary and Financial Institutions Forum, Blejer strongly criticized the ECB for “piling debt on debt” [...]
Weakness in gold and silver shares resumed on Friday, as the Philadelphia Gold & Silver Index (XAU) fell 2.30 points, or 1.2%, to 194.89 in late morning trading. The sell-off in gold and silver shares came as precious metals turned lower and the U.S. dollar rallied against the euro currency. Gold futures declined $7.30, or [...]
The Federal Reserve is unlikely to launch a third round of quantitative easing, QE3, in the near future, according to noted hedge fund manager David Tepper. In an email to CNBC, Tepper – the head of Appaloosa Management – wrote that “If (the S&P 500 falls) a couple hundred points and financial conditions tightened maybe [...]
GOLD PRICE NEWS – The gold price tumbled $15.32 to $1,528.81 Friday morning amid weakness in commodities and strength in the U.S. dollar. Silver fell alongside the gold price, by $0.66, or 1.8%, to $36.91 per ounce, while oil sunk 1.1% to $100.79 per barrel. The euro slid 0.3% to 1.4465 against the dollar as [...]
Precious metals slid Friday morning as the U.S. dollar advanced against a basket of foreign currencies. Gold bullion fell $12.00 to $1,532.14 per ounce, while silver dropped $0.60 to $36.97 per ounce ahead of the U.S. equity market open. Equity markets were mixed in Asia, with the Nikkei 225 higher by 0.5% and the Hang [...]
