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
Although the price of gold and gold shares have had a meaningful rebound in recent trading days, the sector remains significantly lower compared to where it was several months ago. As one might expect, sentiment toward the yellow metal has tumbled in-kind. However, not only has gold sentiment fallen alongside the sector, it has plummeted [...]
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 STOCKS NEWS – Gold stocks surged higher on Monday as the Market Vectors Gold Miners ETF (GDX) climbed $1.50, or 3.6%, to $43.12 per share in afternoon trading. The rally in gold stocks and the GDX coincided with strength in the broader equity markets, and in spite of tepid movement in the price of [...]
GOLD PRICE NEWS – Gold prices oscillated between gains and losses while the U.S. dollar held firm Monday morning. The spot price of gold climbed to $1,600.30 per ounce in overnight trading, but slid back toward $1,590 as U.S. financial markets opened. Silver fared considerably worse than the gold price this morning, as it retreated [...]
Demand for gold in China climbed to a new record high during the first quarter of 2012, according to the World Gold Council (WGC). In its latest quarterly Gold Demands Trends report, the WGC noted that Chinese gold demand increased 10% to 255.2 tonnes. India, which last year had the largest demand for gold, saw [...]
GOLD PRICE NEWS – Gold prices continued their recent resurgence on Friday with a $15.50, or 1.0%, advance to $1,590.10 per ounce. Since reaching a four and a half month low of $1,526.87 just two days ago, the spot price of gold has surged higher despite ongoing strength in the U.S. dollar. In doing so, [...]
Gold and silver stocks were the standout performers in the equity markets on Thursday amid widespread liquidation on Wall Street. The Philadelphia Gold & Silver Index (XAU), a basket of the world’s largest precious metals companies, climbed 3.8% to 147.69 in afternoon trading on the back of a rally in gold and silver futures. In [...]
Gold continued to surge higher in mid-day trading on Thursday, as the spot price climbed $38.93, or 2.5%, to $1,578.85 per ounce. In doing so, the yellow metal was on pace for its best day since a 2.7% rise on January 25, 2012. The rally in gold was fueled by several worse than expected U.S. [...]
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), [...]
Wednesday afternoon’s release of the latest Fed minutes – a recap of the most recent FOMC meeting – indicated that the Ben Bernanke-led central bank could launch a third round of quantitative easing (QE3) if the U.S. economy worsens. In particular, the minutes noted that “Several members indicated that additional monetary policy accommodation could be [...]
