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  • PG Premier Gold Mines (PG) expands management team
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Archive for: February 15th, 2012

Gold Futures Snap 3-Day Losing Skid

Precious Metals Rally

Gold futures advanced for the first time in four trading days despite modest strength in the U.S. dollar.  COMEX gold for April delivery came well off its intra-day high of $1,739.20 per ounce, but still managed to settle with a gain of $10.40, or 0.6%, at $1,728.10 per ounce. The yellow metal initially fell to [...]

Feb 15 2012 | Read More »

Fed Minutes Show FOMC Divided on QE3

Gold Hits 6.5-Month High

The latest Fed minutes showed a growing divide among hawkish and dovish members over the prospects for a third round of quantitative easing (QE3). One of the key sections of the Fed minutes – a recap of the most recent Federal Open Market Committee (FOMC) meeting – indicated that: A few members observed that, in [...]

Feb 15 2012 | Read More »

BNP Paribas Sees $2,000 Gold, $43 Silver by Q4 2012

XAU Slides 1.7%

While the number of firms raising their gold and silver price forecasts has certainly trailed off in recent months, this morning BNP Paribas was the latest to hike its estimates. The firm raised its 2012 average gold target to $1,850 from $1,810 per ounce, and to $2,225 from $2,150 in 2013.  On a quarterly basis [...]

Feb 15 2012 | Read More »

Gold Price Advances, China Pledges Support to Europe

markets rise

GOLD PRICE NEWS – The gold price climbed nearly 1% Wednesday to $1,736 per ounce as uncertainty over whether Greece would receive its bailout funds helped drive investors into the yellow metal.  Stocks and commodities rose alongside the price of gold, shrugging off Greek worries, after People’s Bank of China Governor Zhou Xiaochuan pledged to [...]

Feb 15 2012 | Read More »
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