Reuters reported that Zimbabwe gold production has started slow this year, missing output targets. As quoted in the market news: Gold production reached 8 tonnes in 2011, up from a low of just over 3 tonnes.
Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US.
Reuters reported that Marathon Gold?s (TSX:MOZ) shares rose following the announcement of a gold discovery in Newfoundland. As quoted in the market news: Shares of the Toronto-based company were trading up 24 cents at C$1.34 on the Toronto Stock Exchange.