Gold Investing News reports several merging spree among gold companies.
September began with South Africa’s Competition Commission giving the green signal to the merger of the Buffelsfontein Gold Mine (BGM) and the Tau Lekoa mine, inclusive of the Weltevreden and Goedgenoeg properties, gold and uranium producer Simmer & Jack Mines has said.
South African gold major AngloGold Ashanti [...]
Gold Investing News reports gold is been talked about almost all media.
The company has disclosed it recently invested around US$400 million to buy the yellow metal in the expectation that it was not only a prudent way to preserve its funds but also that the metal’s price would rise significantly. The company has bought the [...]
Gold Investing News reports gold price and currency market seem to go hand in hand.
Spot gold was steady at $925.90 per ounce in early afternoon, compared with New York’s notional close of $925.35, and was poised for a 1 per cent rise on the week. U.S. gold futures for June delivery fell $1.8 or 0.2 [...]
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 levels [...]
Gold Investing News reports gold rallying under pressure from the stock market.
On Thursday, the metal broke below its 100-day moving average at $885, and sell stops were triggered. “The close below $885 could indicate more pressure to come over the next couple of sessions, with $869 the next support level. It’s seeing some technical selling,” said [...]
Gold Investing News reports gold rallied slightly higher than $800 an ounce in New York.
“Gold is really starting to re-emerge as the safe-haven asset,” said David Meger, a metals analyst at Alaron Trading, in a Reuters report. U.S. gold futures for December delivery (GCZ8) settled up $43.10, or 5.8 per cent, at $791.80 an ounce on [...]
Friday, October 2, 2009
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