Strong US Dollar Hurting Gold
Gold – Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Articles Tagged "NYSE:AU"
AngloGold Ashanti Beats Guidance on Cash Costs and Increases Production for Strong Q1 Results
Gold – AngloGold Ashanti (NYSE:AU) announced strong first quarter earnings, despite a drop in gold prices.
Gold Stocks Rebound on Widening Chinese Trade Surplus
Gold – Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Kinross Takes $3-billion Punch on Tasiast Writedown
Gold – Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
AngloGold Ashanti Announces End of Strike in Three Mines, Production Update
Gold – AngloGold Ashanti (NYSE:AU) announced that the strike across its three mines in the Vaal River region has ended, and that gold production for Q3 was lower than expected, due to labour shortages.
AngloGold Ashanti’s South African Mines Still on Strike
Gold – AngloGold Ashanti (NYSE:AU) announced that its South African mines remain inactive due to an unprotected strike, but commented that it is open to considering negotiations.
South Africa’s Mining Turmoil Spreading to Gold Miners
Gold – Platinum miners have been most affected by disgruntled laborers, but the turmoil is spreading into the gold space.
Platinum Unrest Spreads To Gold Mines
Platinum – Bloomberg reported South African labor unrest in the platinum industry spread to AngloGold Ashanti Ltd. (NYSE:AU,LSE:AGD) shutting down a second gold mine on Thursday.
AngloGold Q2 Production Beats Guidance
Gold – AngloGold Ashanti (NYSE:AU) announced that second quarter production beat the company's outlook, producing 1,073,000 million ounces of gold. Several expansion projects are also on track.
Gold Falls, Investors Wait on US Jobs Data
Gold – Gold prices dropped on Thursday due to a discounted interest rate cut from the European Central Bank and the expectation that disappointing economic data out of the United States will follow at the end of the week.
