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 inched lower on Monday amid further weakness in precious metals and a modest advance in the U.S. dollar. The spot price of gold dipped $4.46, or 0.3%, to $1,654.94 per ounce while the U.S. Dollar Index rose by 0.1% to 79.813. The SPDR Gold Trust (GLD), the world’s [...]
GOLD PRICE NEWS – The gold price hovered near $1,690 per ounce for a third consecutive day on Wednesday morning as financial markets awaited an upcoming U.S. debt ceiling vote. The spot price of gold in a narrow range between $1,685 and $1,694, while the U.S. dollar also stabilized near unchanged against a basket of [...]
The recent strength in precious metals continued on Thursday, as gold reached a one-month high. COMEX gold futures for February climbed on Thursday by $7.60, or 0.5%, to $1,690.80 per ounce – their highest closing level since December 17th. Silver futures advanced as well, with the COMEX March contract settling with a gain of $0.27, [...]
GOLD PRICE NEWS – The gold price inched higher on Monday amid a relatively quiet start to the week for financial markets. The spot price of gold rose by as much as $11.71, or 0.7%, to $1,674.93 per ounce in overnight trading, but pared its gains as the U.S. dollar rebounded from its intra-day low [...]
Precious metals maintained the large majority of their gains in afternoon trading on Thursday, fueled by bargain-hunting in the sector and considerable weakness in the U.S. dollar. COMEX gold futures climbed $22.50, or 1.4%, to settled at $1,678.00 per ounce. The advance marked the yellow metal’s best day since November 23rd. Commenting on the strength [...]
GOLD PRICE NEWS – The gold price added to its recent stretch of losses amid weakness in the commodities complex and broader financial markets on Monday. The spot price of gold fell by $9.88, or 0.6%, to $1,647.33 per ounce in this morning despite rising to as high as $1,662.94 in overnight trading. The SPDR [...]
Although the price of gold reacted negatively to the implication in yesterday’s Fed minutes that QE4 could end at some point this year, on Friday several market strategists raised their doubts that the money printing program will end in 2013. Jan Hatzius, chief U.S. economist at Goldman Sachs, stated in a CNBC interview this morning [...]
While many politicians applauded today’s fiscal cliff deal – and alternatively, many economists and investors heavy criticized it – one notable individual had a more balanced view on its implications. PIMCO CEO Mohamed El-Erian, who was recently selected by Barack Obama to head the President’s Global Development Council, discussed the implications of the resolution for [...]
GOLD PRICE NEWS – The gold price turned modestly lower on Friday as financial markets continued to be whipsawed by a myriad of developments regarding the looming U.S. fiscal cliff. The spot price of gold held in a very narrow range between $1,60 and $1,667 per ounce in overnight trading, but this morning dropped by [...]
GOLD PRICE NEWS – The gold price stabilized near $1,660 per ounce on Thursday as financial markets remained in limbo due to the lack of a resolution on the U.S. fiscal cliff situation. The spot price of gold held in a tight range between $1,653 and $1,661 in overnight trading, and oscillated between gains and [...]
