GRAPHIC: Gold’s 111% rise from QE1 to QE3
The Fed's near-zero interest rate policy and purchases under QE1 kicked off on 16 December 2008. On 15 December 2008 an ounce of gold cost $837.50.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Gold hits 7-month high after QE3
Gold hit an intra-day high of $1.775 shortly before the end of the trading day – a 7-month high and up $240 from its 2012 lows struck in May.
Mini iron ore rally melts away
World number one producer Vale says the market will remain stuck in a period of significant volatility until China reduces its stockpiles.
Investors shrug news of fresh Mongolia bid for control of Oyu Tolgoi as Turquoise Hill climbs 15%
Mongolia's new mining minister Davajav Ganhuyag is one of the politicians in favour of upping the country's stake.
Surging Chinese gold imports and the case for the world’s next reserve currency
"For the first time in history China has imported twice as much gold as it has 'imported' US Treasuries."
More trouble for Glencore in Bolivia
Three managers from Bolivia's state-owned mining company were taken hostage by residents of a village in the region of Potusi, who are demanding a 15% stake in the region's silver mine part-owned and operated by Glencore.
Why a former metals trader is leaving China for good after 16 years
"The result is the biggest property bubble in history, which when it pops will sound like a thousand firework accidents."
Copper will benefit from Chinese stimulus, but iron ore problems run deeper
Julian Zhu, analyst at investment bank Goldman Sachs, said that increased government infrastructure spending in the final quarter of the year will […]
Xstrata scoffs at new Glencore offer as merger of equals becomes hostile takeover
The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.
We build it! China sparks copper surge
Copper's 13c bounce on Friday comes after the Chinese government approved a raft of new building and rail projects this week.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.