Mines Management (MGN) advances La Estrella Project
Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
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 PRICE NEWS – Gold prices advanced modestly Friday morning amid slight weakness in the U.S. dollar and moderate strength in the commodities complex. The spot price of gold crept steadily higher in overnight trading and extended its gains to 0.6% at $1,568.43 per ounce following the opening of U.S. financial markets. However, the gold [...]
GOLD STOCKS NEWS – Gold stocks resumed their recent slide on Wednesday as the Market Vectors Gold Miners ETF (GDX) fell $0.58, or 1.4%, to $41.96 per share in mid-day trading. Weakness in gold stocks and the GDX was accompanied by a sharp turn lower in COMEX gold futures, which sunk $35.90, or 2.3%, to [...]
GOLD PRICE NEWS – The gold price fell $10.42, or 0.7%, to $1,582.99 per ounce Tuesday morning amid a modest advance in the U.S. dollar. The spot price of gold tumbled to as low as $1,572.39 in overnight trading but pared its losses as the greenback backed off from its overnight highs. The euro slid [...]
GOLD PRICE NEWS – The gold price surged higher Thursday morning, by $30.61, or 2.0%, to $1,570.53 per ounce after a series of disappointing U.S. economic reports. The price of gold moved steadily upward in overnight trading, but accelerated its gains as the U.S. dollar weakened following the economic data. The SPDR Gold Trust (GLD), [...]
GOLD PRICE NEWS – The gold price held firm Thursday morning near $1,597 per ounce amid modest weakness in the U.S. dollar and a rebound in the broader financial markets. The price of gold clung to a slight gain after weekly U.S. jobless claims came in at 367,000 – in-line with the consensus estimate among [...]
Weakness in precious metals continued on Wednesday amid U.S. dollar strength and broad-based selling in the commodities complex. However, gold and silver futures bounced well off their intra-day lows to settle with only moderate losses. COMEX gold futures – per the June contract – ended down by $10.30, or 0.6%, at $1,594.20 per ounce after [...]
GOLD STOCKS NEWS – Gold stocks declined Tuesday as the Market Vectors Gold Miners ETF (GDX) plunged as much as $1.94, or 4.4%, to $41.73 per share. The sharp sell-off in gold stocks and the GDX was fueled by broad-based liquidation in precious metals and strength in the U.S. dollar. COMEX gold futures tumbled to [...]
Weakness in gold and silver shares continued on Monday, as the Philadelphia Gold & Silver Index (XAU) retreated alongside precious metals. Escalating sovereign debt concerns in Europe fueled safe-haven buying in the U.S. dollar, which in turn provided a headwind for the precious metals sector. COMEX gold futures – per the June contract – settled [...]
Gold and silver futures turned higher on Friday amid safe-haven buying after the latest U.S. jobs report came in below economists’ estimates. COMEX gold for July delivery broke a four-day losing streak by settling up today by $10.40, or 0.6%, at $1,645.20 per ounce. However, the yellow metal posted a weekly decline of 1.2% and [...]
GOLD PRICE NEWS – The gold price relinquished its modest gain Tuesday morning after a better than expected economic report on manufacturing activity in the U.S. The price of gold climbed to as high as $1,672.12 per ounce in overnight trading but subsequently dropped to $1,661.14 after the April ISM index came in at 54.8 [...]
