What gives with junior gold miners? Many say we haven’t seen anything yet, and that some juniors are set to outpace the pack. But how could that be true? The fact of the matter is that global gold output has been dwindling by nearly 5 per cent per annum since it peaked in 2001. For [...]
Gold Investing News reports gold steadied above $950.00 per ounce. Gold steadied above US$ 950 per ounce on Thursday as the US dollar stayed near a seven-week low against a basket of currencies marked the previous day, maintaining bullion’s allure as an alternative asset. Earlier this month, economic worries encouraged investors to buy the US [...]
Gold Investing News reports gold prices rised to over $900 an ounce and a little Quebec town is sitting on a gold mine. The streets of Malartic in northwestern Quebec may not be paved with gold, but the ground underneath them is. Some time next year, Osisko Mining Corp. plans to start ripping up those [...]
Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future. Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as [...]
Gold Investing News reports bargain hunting drove gold prices in a rally on Thursday last week. Rob Kurzatkowski, futures analyst with optionsXpress maintains that gold could be getting some support from a dimmer view of economic conditions. This includes not only the World Bank’s downward forecast for global economic contraction this year, but other data such [...]
Gold Investing News reports gold has been rallying very cloce to the $1,000 mark. The yellow metal appeared poised to make a third assault on the $1,000 mark earlier this month. Some of the enthusiasm was fuelled by rising expectations of inflation following aggressive prime-pumping measures by the U.S. and other governments to keep their [...]
Gold Investing News reports gold prices fell slightly lower in Europe on Friday as a stronger U.S. dollar dented interest in the precious metal. Spot gold was bid at US$ 950.20 an ounce against $954.00 an ounce late in New York on Thursday. The culprit? “A stronger dollar, oil coming off the highs,” said Calyon [...]
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 Investing News reports gold price remains stable as recession hits the global economy. Gold dropped in Asia on Wednesday, as a rally in the dollar continued for a third day, reducing the appeal of the precious metal as an alternative investment. “The dollar’s rebound has kept gold from gaining further,” Shuji Sugata, research manager [...]
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