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
GOLD PRICE NEWS – The gold price turned higher on Wednesday after a disappointing U.S. GDP report and maintained its gains following the latest Federal Reserve meeting. The spot price of gold advanced to an intra-day high of $1,682.87 per ounce before settling up by $12.84, or 0.8%, at the $1,676.07 level. Gold prices were [...]
The Federal Reserve’s latest Beige Book, a recap of economic activity across the United States, painted a mixed picture for the world’s largest economy. On the positive side, the Fed noted that “economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or [...]
Ben Bernanke attempted to reassure investors and economists this afternoon that the Federal Reserve’s money-printing programs will not lead to higher inflation. In a speech at the University of Michigan, the Fed Chairman stated that “I don’t believe significant inflation is going to be the result” of the central bank’s quantitative easing measures. Bernanke added [...]
Gold and silver futures remained firmly in negative territory Thursday after the latest Federal Reserve minutes revealed that several of its members would like the central bank to halt its fourth round of quantitative easing (QE4) sometime in the next year. COMEX gold futures settled down by $14.20, or 0.8%, at $1,674.60 per ounce but [...]
Two of the most prominent central bankers opposed to the Federal Reserve’s decision this week to launch a fourth round of quantitative easing (QE4) let their opinions be heard on Friday. Jeffrey Lacker and Richard Fisher – Presidents of the Richmond and Dallas Federal Reserve Banks, respectively – made public comments warning that QE4 could [...]
The Federal Reserve decided to expand the size of its quantitative easing program in a manner that is being characterized by many investors as the fourth round of quantitative easing (QE4). The asset purchase increase will begin once Operation Twist concludes at the end of 2012. The U.S. central bank announced that in order to [...]
GOLD PRICE NEWS – The price of gold gave back its earlier gains on Wednesday as financial markets awaited the outcome of the latest Federal Reserve meeting decision this afternoon. In morning trading, the spot gold price climbed by $9.89, or 0.6%, to an intra-day high of $1,720.17 per ounce. However, the price of gold [...]
GOLD PRICE NEWS – The gold price turned higher on Monday amid a modest rally in the commodities complex. This morning, the spot price of gold rose by as much as $13.86, or 0.8%, to $1,718.75 per ounce. In doing so, the gold price more than recouped its entire 0.5% loss from last week and [...]
GOLD PRICE NEWS – The gold price added to its recent losses on Wednesday as the U.S. dollar rebounded from an earlier sell-off. The spot price of gold rose to an overnight high of $1,708.24 per ounce, but later fell by as much as to $8.62, or 0.5%, to $1,688.86. In doing so, the gold [...]
Precious metals remained in negative territory on Wednesday afternoon following the release of the Federal Reserve’s latest Beige Book. A recap of U.S. economic activity across the Fed’s 12 districts, the Beige Book noted that the U.S. economy “expanded at a measured pace in recent weeks.” Gold futures, which this morning tumbled to as low [...]
