Gold – Mineweb reported that Standard & Poor's Financial Services LLC has lowered its rating for drilling company Boart Longyear Ltd. (ASX:BLY) in part due to its view that gold, copper and iron prices will not improve this year or in 2015.
Articles Tagged "gold market news"
Gold – Reuters reported that according to Zimbabwe's finance minister, the country's only gold reserves are coins valued at $501,390.
Gold – Bloomberg reported yesterday that New York resident Kevin Maher is suing Barclays plc (NYSE:BCS), Deutsche Bank AG (NYSE:DB) and three other banks in Manhattan federal court.
Gold – Gold was unchanged at $1,335.30 an ounce on Wednesday as the Ukraine crisis cooled and investors awaited U.S. data on the strength and progress of the economy, according to Reuters.
Gold – Bloomberg reported that according to Barrick Gold Corp. (TSX:ABX,NYSE:ABX), Goldcorp Inc. (TSX:G,NYSE:GG) and Newmont Mining Corp. (NYSE:NEM), global gold output is set to decline, largely because miners have cut spending and revised their mining plans.
Gold – This morning, as tensions in Ukraine receded, gold fell 1.3 percent, or $17.34, to $1,333.50 an ounce. Meanwhile, US gold futures for April delivery were down $16.70 an ounce, to $1,333.50.
Gold – Bloomberg reported that in 2013, Australia's gold output climbed to 273 metric tons (MT), up 18 MT from the previous year. That is the country's highest yearly production since 2003.
Gold – Mining Weekly reported that in February, the US Mint sold 31,000 ounces worth of American Eagle gold bullion coins. That's a 60-percent decline from the 80,500 ounces it sold in the year-ago period.
Gold – This morning, gold gained more than 1 percent, or $17.85, to trade at $1,343.64 an ounce. Meanwhile, gold futures for April delivery rose 1.73 percent, or $22.90, to hit $1,344.50 per ounce.
Gold – Reuters reported yesterday that the SPDR Gold Trust (ARCA:GLD) is set to see its first monthly inflow of metal in over a year. That's due to weaker data out of the United States, which has led to increased interest in the metal.