Morgan Stanley: gold price won’t see $1,300 again
Investment bank predicts gold will decline to an average $1,168 in the second half of 2014 as Chinese demand wanes and will go lower still next year.
Latest Stories
Fortuna Silver jumps after Mexico intercepts
Vancouver-based miner's step-out drilling at producing San Jose mine shows great expansion potential.
Deutsche Bank leaves seat on London gold and silver fix
Resignation leaves four banks to oversee the gold fix and only two to determine global silver prices.
Chinese most clever way to deal with smog: turn it into diamonds
Dutch designer Daan Roosegaarde is developing a new, energy-friendly mechanism to suck smog out of the air and transform it into diamonds, to be tested in Beijing.
Panama Diamond Exchange launches trilingual website
It will operate in English, Spanish and Portuguese.
Aussie iron ore miner wins approval despite alleged risks for Tasmanian devil
The decision comes only a few days after a prominent wildlife biologist said the presence of extractive companies in the Tarkine will have minimal impacts on the endangered animal.
Christie’s expects $25 million for largest, flawless blue diamond
But If recent auctions in Geneva are any indication, “The Blue” could go for $50 million or more.
Gold price drops after Chinese imports crater 38%
Gold below $1,300 again as Shanghai traders offer gold at a discount through March for the first time since September 2012.
Canada’s Ontario to invest up to $1bn in Ring of Fire
The province is asking the Federal government to match the funds.
