Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
For the seventh day in a row gold prices have decreased making it the longest losing streak in two years. This doesn’t bode well with investors as gold futures are at a one-month low of $1,370.70.
It’s bad news for gold this morning as prices are down yet again. With gold prices at $1,383 an ounce, gold has hit a new month low.
Gold is still in trouble as it continues to fall. This morning gold prices are down $12.61 to $1,413.60 an ounce sparking investors to worry that the downward trend will continue.
That was until it reached its peak in September 2011 at more than $1,900 an ounce. Compare that to April 15th when prices of gold came crashing down to less than $1,400 an ounce and you’ve got yourself a predicament.
The price of gold continues to increase as many investors bought back into the market. Discouraged at first, investors are now seeing that the price of gold is steadily rising.
The worst may be over as prices of gold rebounded after prices plummeted to nearly a 30-year low on Monday. The price of the U.S. dollar fell causing the price of gold to rise. The price didn’t rise significantly, but it gave investors hope that it will only go up from here.
Gold and silver futures added to their recent stretch of declines on Friday amid weakness in the precious metals complex. COMEX gold for February delivery settled down by $13.30, or 0.8%, at $1,656.60 per ounce. In doing so, the yellow metal posted a weekly loss of 1.8% and turned lower on a year-to-date basis by [...]
Precious metals added to their recent stretch of gains on Tuesday amid widespread strength in commodities and moderate weakness in the U.S. dollar. COMEX gold futures – per the February contract – rose by $6.20, or 0.4%, to $1,693.20 per ounce – their highest closing level since mid-December. Silver futures for March delivery at the [...]
GOLD PRICE NEWS – The gold price stabilized on Friday as the yellow metal consolidated following four straight days of gains. The spot price of gold held in a narrow range between $1,686 and $1,695 per ounce in morning trading despite strength in the U.S. dollar. The greenback advanced by 0.6% against a basket of [...]
GOLD STOCKS NEWS – Gold stocks remained slightly in positive territory in mid-day trading on Monday, as the Market Vectors Gold Miners ETF (GDX) inched up by $0.03 to $45.43 per share. The GDX – the world’s largest gold stocks ETF – had been up by as much as $0.35, or 0.8%, at $45.75 this [...]
