Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
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
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 [...]
