Barrick’s profit boosted by strong gold price
Gold – Reuters reports that Barrick Gold (TSE:ABX, NYSE:ABX) announced a 75 percent increase in operating profit.
Articles Tagged "abx"
Gold Price Approaches Key $1,000 Level
Gold Investing News reports gold price almost approaching the $1,000 level. Spot gold earlier fell to its lowest since May 28 of $951.50 per ounce. But it was up 0.4 per cent at $958.90 per ounce, compared with New York’s notional close of $955.30 on Friday. U.S. gold futures for August delivery trimmed earlier losses of [...]
Gold Price Holding Its Ground
Gold Investing News reports gold prices are holding strong in the current markets. Year to date, gold is up about 3 per cent, while other economically sensitive commodities have rallied, with copper futures up more than 50 per cent. Crude oil had reached a 2009 high of over $58 a barrel on Friday, recovered from [...]
Crude tumbles, gold slips, demand surges
Gold Investing News reports gold price have dipped to its lowest since September 2007. An adviser to President Mahmoud Ahmadinejad was quoted by Reuters as saying, “With the plans of the presidency…the country’s money reserves were changed into gold, so that we wouldn’t be faced with many problems in the future.” Before oil prices plunged [...]
