Gold posted its biggest gain since January as bets on the outlook for U.S. interest rates drove increased volatility for the metal. Silver climbed the most this year.
Look at the people.
Pick one: long gold or short gold?
According to Angel Commodities, gold prices are expected to trade sideways as stronger dollar in today’s session will exert downside pressure while poor economic data from the US will boost the safe haven appeal of the metal.
Silver's electrical, thermal, malleable and reflective properties are among the strongest of the known elements, making it the material of choice for many manufacturers.
After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.
The mine's management made significant progress in dealing with the recovery and throughput challenges that had hampered the operation in its early stages.
Vancouver ranked 33rd among the world’s most desirable financial centres.
Gold marginally broke below support on Friday, breaking down from a small H&S top pattern
Three miners died last week in Ghana after inhaling toxic fumes while underground.
China is the globe's top mining country, but its alarming reserves-to-production ratio is forcing domestic miners to hunt for deals in the rest of the world.
After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.
The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.
Outlook is unchanged.
Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.
Prime Minister Joomart Otorbaev resigned after hours of heated debate in parliament over the government’s performance last year.
Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.
The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.
In general, he says investors want well-managed, low-cost producers with moderate headline risk that can run for one or two more years at lower gold prices.
When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.
The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.
Greece’s uncertain future in the eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market, said Morgan Stanley.
“We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses,” says David McLelland, Chair of AME BC
RBC forecast appetite for gold by central banks, mostly in emerging markets, to hit 275 tonnes this year as compared to 409 tonnes last year.
Cuba, the world’s sixth largest nickel producer and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.
Kal Kotecha, founder and editor of Junior Gold Report, says now is the time to be buying resource stocks, especially gold equities.
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