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
Gold and silver futures settled sharply higher at the COMEX on Wednesday, fueled by U.S. dollar weakness and a broad-based rally on Wall Street. COMEX gold for December 2011 delivery finished with a gain of $32.10, or 1.9%, at $1,745.50 per ounce. Later this afternoon in electronic trading, the yellow metal climbed back above the [...]
The release of the Federal Reserve’s Beige Book on Wednesday afternoon showed that most regions in the United States experienced economic growth at a “slow to moderate pace” in recent months. The Fed’s Beige Book is comprised of economic reports developed by each regional branch of the U.S. central bank. Highlights from the Beige Book [...]
Gold shares surged higher on Wednesday alongside the broader equity markets after many of the world’s foremost central banks announced a coordinated intervention to lower lending rates to European financial institutions. The AMEX Gold Bugs Index (HUI) – a leading composite of the world’s largest gold producers – rallied 4.7% to 571.89 in early afternoon [...]
The latest investment bank to raise its gold price forecasts was BNP Paribas, which published a bullish report on the yellow metal this week prior to the coordinated central bank actions taken this morning. In the report, precious metals strategist Anne-Laure Tremblay wrote that “Gold’s price rebound in early Q4’11 was short-lived. The metal touched [...]
GOLD PRICE NEWS – The gold price spiked higher Wednesday morning following the news that the Federal Reserve cut the cost of emergency dollar funding for European banks. Gold prices climbed $25.75 to $1,741 per ounce amid a coordinated effort on the part of the world’s central banks to make dollars more easily available. The [...]
COMEX gold futures settled fractionally higher on Tuesday, with the December 2011 contract rising $2.60, or 0.2%, to $1,713.40 per ounce. Following the COMEX close, however, gold futures climbed above $1,720 per ounce. In contrast to the yellow metal, COMEX silver futures finished in the red. Silver for December 2011 delivery dipped $0.21, or 0.6%, [...]
The topic of a U.S. return to the gold standard was once again at the forefront of an interview with Ron Paul this week. In a discussion with Fox News, the Texas congressman and 2012 Presidential candidate presented his latest views on the benefits of a gold standard, the damaging role of paper money in [...]
Shares of gold and silver companies were largely higher in late morning trading on Tuesday, as the Philadelphia Gold & Silver Index (XAU) rose 1.4% to 196.40. Among gold miners, Randgold Resources (GOLD) was the top performing stock in the XAU. Shares of GOLD surged 6.0% to $103.30 to recapture nearly all of yesterday’s 6.2% [...]
Klondex Mines (KDX.TSX) reported the completion of its previously announced public offering. Under the terms of the financing, the emerging gold Company has issued 8.4 million units at C$2.50 per unit for gross proceeds of C$21 million. Each unit is comprised of one common share of KDX.TSX and one-half of a common share purchase warrant. [...]
GOLD PRICE NEWS – The gold price held steady near $1,710 per ounce Tuesday morning as the yellow metal consolidated following yesterday’s rally. The price of gold oscillated between gains and losses in overnight trading as it mirrored the general path of the euro/U.S. dollar currency cross. The euro traded near unchanged against the greenback [...]
