Gold
Gold Steady Wed. Morning as Dollar Hits 2-Month Low, Job Market “Still Far from Normal” says Bernanke while Bank of England “Could Do £50bn” Additional QE
London Gold Market Report
from Ben Traynor
Wednesday 8 February 2012, 08:30 EST
Gold Steady Wed. Morning as Dollar Hits 2-Month Low, Job Market “Still Far from Normal” says Bernanke while Bank of England “Could Do £50bn” Additional QE Read more
February 8, 2012 by Ben Traynor · Leave a Comment
Gold rises on Bernanke testimony and hope of Greek debt deal
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By Tatyana Shumsky
COMEX gold futures bounced to positive territory as Federal Reserve Chairman Ben Bernanke’s testimony and hopes of an imminent Greece deal buoyed investor confidence.
Mr Bernanke told the Senate Budget Committee that setting US fiscal policy on a sustainable path should be made a “top priority”, reiterating earlier comments made to House lawmakers. Read more
February 8, 2012 by The Australian · Leave a Comment
A.M. Kitco Metals Roundup: Comex Gold Sees More Selling Pressure on Technical Pullback
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By Jim Wyckoff
Comex April gold futures are trading moderately lower in early U.S. trading Tuesday, on follow-through technical selling from recent losses. This latest price pullback is not surprising to veteran market watchers, and no significant technical damage has occurred even though the bulls have faded a bit. The key “outside markets” are also in a bearish posture for the precious metals Tuesday morning, as the U.S. dollar index is firmer and crude oil prices are weaker. April gold last traded down $8.30 at $1,716.60 an ounce. Spot gold was last quoted down $6.90 an ounce at $1,713.75. March Comex silver last traded down $0.45 at $33.30 an ounce. Read more
February 7, 2012 by Kitco · Leave a Comment
Gold floor developing around $1,400 – IAMGold CEO
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By Geoff Candy
GEOFF CANDY: Hello Steve, it’s a very, very interesting time to be a goldminer.
STEVE LETWIN: It’s a great time to be a goldminer and we are seeing some solid prices, lots of activity, I think more upside than downside to the gold price. Read more
February 7, 2012 by Mineweb · Leave a Comment
Gold Touches Two-Week Low as Athenians “Burn German Flag” with Greece “Standing on Edge of Default”
London Gold Market Report
from Ben Traynor
Tuesday 7 February 2012, 07:45 EST
Gold Touches Two-Week Low as Athenians “Burn German Flag” with Greece “Standing on Edge of Default” Read more
February 7, 2012 by Ben Traynor · Leave a Comment
GOLD MINING: White Tiger restarts production from Lamaque north wall
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QUEBEC – White Tiger Gold of the British Virgin Isles is restarting longhole ore production from the north wall of the Lamaque gold mine in Val d’Or. White Tiger acquired the mine with its takeover of Century Mining last year.
Late last year, White Tiger hired a contractor to complete the capital development of the north wall, bought two diamond drills for definition drilling, Read more
February 7, 2012 by Canadian Mining Journal · Leave a Comment
Red 5 forecasts 850,000oz gold output over 11 years from Siana
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By Ray Brindal
THE Australia-listed miner Red 5 today reported pouring first gold and silver at its $US75 million ($69.9m) Siana project in the Philippines.
The 228oz bar is estimated to contain 50 per cent gold, the company said in a statement. Read more
February 7, 2012 by The Australian · Leave a Comment
A.M. Kitco Metals Roundup: Comex Gold Lower On Corrective, Profit-Taking Pullback
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By Jim Wyckoff
Comex April gold futures are trading solidly lower to start the new trading week, on follow-through selling from price pressure seen Friday. This latest price pullback is not surprising as prices had seen good upside movement in recent weeks—hitting a two-month high early Friday–and were due for a decent downside technical correction. The key “outside markets” are also in a bearish posture for the precious metals Monday morning, as the U.S. dollar index is higher and crude oil prices are lower. April gold last traded down $20.10 at $1,720.20 an ounce. Spot gold was last quoted down $8.50 an ounce at $1,718.00. March Comex silver last traded down $0.249 at $33.50 an ounce. Read more
February 6, 2012 by Kitco · Leave a Comment
New gold and copper deposits found in India
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By Shivom Seth
Rajasthan, well known for its crude oil will soon be known for its huge gold deposits. The Geological Survey of India (GSI) has struck huge reserves of gold ore in Rajasthan and a new report has indicated the presence of copper and gold deposits as well in Karnataka and Uttar Pradesh.
Internationally, such deposits are considered commercially viable if more than 2 gram of gold can be extracted from every tonne of ore, said officials.
February 6, 2012 by Mineweb · Leave a Comment
Gold “Rollercoaster” Heads Yet Lower as Greece Hits “Crunch Time for Bankruptcy”
London Gold Market Report
from Ben Traynor
Monday 6 February 2012, 09:00 EST
Gold “Rollercoaster” Heads Yet Lower as Greece Hits “Crunch Time for Bankruptcy” Read more
February 6, 2012 by Ben Traynor · Leave a Comment
Gold Prices Expected To Rise Next Week – Survey Participants
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Most survey participants in Kitco News’ Gold Survey are expecting gold prices to continue to climb next week, building on recent momentum.
In the Kitco News Gold Survey, out of 32 participants, 24 responded this week. Of those 24 participants, 14 see prices up, while seven see prices down, and three are neutral on prices. Market participants include bullion dealers, investment banks, futures traders, money managers and technical chart analysts. Read more
February 3, 2012 by Kitco · Leave a Comment
Bernanke’s Comments “Lend Support” to Gold, But Precious Metals Dip Following Strong US Jobs News
London Gold Market Report
from Ben Traynor
Friday 3 February 2012, 09:30 EST
Bernanke’s Comments “Lend Support” to Gold, But Precious Metals Dip Following Strong US Jobs News Read more
February 3, 2012 by Ben Traynor · Leave a Comment
Gold jumps on Bernanke signals
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By Matt Day
GOLD futures gained this morning for the sixth time in seven sessions, settling at the highest level in 11 weeks as the Federal Reserve chief urged Congress to tackle the fiscal challenges facing the US.
Gold for April delivery, the most actively traded contract, rose $US9.80, or 0.6 per cent, to settle at $US1759.30 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement price since November 16. Read more
February 3, 2012 by The Australian · Leave a Comment
Great Basin’s Burnstone gold mine removing obstacles to productivity growth
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By Christy Filen
Since Burnstone mine’s commissioning in February last year it has failed to meet the expectations of management and the investor community alike continually underperforming against budget in its ramp up.
The two main reasons given by the management team for the lower production centre around a fault discovered Read more
February 2, 2012 by Mineweb · Leave a Comment
Good as gold, but no big-bang buy for Newcrest
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NEWCREST is not about to follow up its $9.5 billion acquisition of Lihir Gold in 2010 with another big-bang purchase despite forecasting that gold could race off to as much as $US2500 an ounce in the next five years.
The miner’s new chief executive, Greg Robinson, said yesterday Newcrest was “not really looking to do a large company merger and acquisition”. Read more
February 2, 2012 by The Australian · Leave a Comment
Chinese & Indian Gold Demand Rising as Zero Rates “Distort” Investment Markets, “May Kill Credit”
London Gold Market Report
from Adrian Ash
Thurs 2 Feb., 09:15 EST
Chinese & Indian Gold Demand Rising as Zero Rates “Distort” Investment Markets, “May Kill Credit” Read more
February 2, 2012 by resourceINTEL · Leave a Comment
Continental Gold cuts more strong gold intercepts in Colombia
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By Kip Keen
With nine more drillholes to draw from, Continental Gold (TSX: CNL) expanded two key gold-silver systems at its Buritica project in Colombia. Read more
February 2, 2012 by Mineweb · Leave a Comment
Gold futures rise on weaker US dollar and stronger data
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By Matt Day
GOLD climbed to the highest level in almost two months overnight as investors sought the precious metal as an alternative to the slipping US dollar after a batch of upbeat global economic data.
Gold for April delivery, the most actively traded contract, rose $US9.10, or 0.5 per cent, at $US1,749.50 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement price since December 2. Read more
February 2, 2012 by The Australian · Leave a Comment
A.M. Kitco Metals Roundup: Comex Gold Up, Hits Another 7-Week High; Bullish “Outside Markets”
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By Jim Wyckoff
Comex April gold futures prices are trading higher again in early U.S. trading Wednesday, with prices hitting another fresh seven-week high overnight. The bulls have near-term upside technical momentum as the market produced a technically bullish monthly high close on Tuesday, the last trading day of the month. The key “outside markets are also in a bullish posture Wednesday, as the U.S. dollar index is lower and crude oil prices are firmer. April gold last traded up $11.60 at $1,752.10 an ounce. Spot gold was last quoted up $12.60 an ounce at $1,750.00. March Comex silver last traded up $0.598 at $33.86 an ounce. Read more
February 1, 2012 by Kitco · Leave a Comment
Gold, Stocks and the Euro All Gain in “Risk Asset Recovery” as Positive Manufacturing Data “Confirms China’s Soft Landing”
London Gold Market Report
from Ben Traynor
Wednesday 1 February 2012, 08:30 EST
Gold, Stocks and the Euro All Gain in “Risk Asset Recovery” as Positive Manufacturing Data “Confirms China’s Soft Landing” Read more
February 1, 2012 by Ben Traynor · Leave a Comment
