Archives
Precious Metals Shares Stage Comeback, XAU Surges 6.5% Intra-Day
While the broader equity markets remained firmly in negative territory this afternoon, gold and silver shares staged a particularly impressive comeback.
By jturbin | 12:35 am | Gold Alert
Gold and Silver Miners Ignore Euro Weakness
Your daily recap on precious metals...
By Eric McWhinnie | 12:33 am | Wall St. Cheat Sheet
The Dollar Oil Price Threat Will Hurry Gold’s Role in the System
There was much more to Hilary Clinton’s China and India trip than meets the eye. It was an acid test of the power of the U.S. to press its political will upon the world.
By Julian Phillips | 12:09 am | Gold Forecaster
Gold Needs to Break $1,600
Last week gold fell and then rose. But, for the sake of preserving momentum, further gains are needed.
By Michelle Smith | 5:00 pm | goldinvestingnews
Gold Stocks (GDX) Retreat, Platinum Shares Hold Firm
GOLD STOCKS NEWS – Gold stocks resumed their recent slide on Wednesday as the Market Vectors Gold Miners ETF (GDX) fell $0.
By jturbin | 9:37 pm | Gold Alert
Commodities Battered On Global Sell-Off, Strong Dollar
Agricultural commodities, and in particular so-called "softs" like sugar and coffee, fell hard Wednesday as investors, eyeing the euro zone crisis, priced in the potential fallout on consumption of U.S. farm exports.
By Eleazar David Meléndez | 9:53 pm | IBTimes
Newmont Cuts Spending on Peru Mine Project
Newmont Mining Corp said on Wednesday it will cut capital spending on a controversial gold mine project in Peru by two-thirds for the 2012-13 period because of delays caused by government and environmental reviews.
9:28 pm | Reuters
At least 3 illegal diamond miners die in S.Africa
At least three illegal miners were killed and 18 others trapped underground when a tunnel collapsed in a disused diamond mine in South Africa's Northern Cape province, police said on Wednesday.
By Agnieszka Flak | 9:25 pm | Reuters
Gold Slips in Line with Euro ahead of EU Meeting
Gold prices fell, coming under pressure as concerns that a European Union meeting later on Wednesday would fail to significantly ease worries over the euro zone debt crisis lifted the dollar to a 21-month high against the euro.
By Jan Harvey | 9:19 pm | Reuters
Premier Gold Strikes Again at Rahill-Bonanza
Premier Gold Mines (PG.TSX) provided an update on progress made at the Rahill-Bonanza Project in the Red Lake region of Canada.
By jturbin | 8:21 pm | Gold Alert
Gold Price Slips, Euro Hits Multi-Year Low Vs. Dollar
GOLD PRICE NEWS – The gold price tumbled $21.33, or 1.4%, to $1,545.09 per ounce Wednesday morning amid widespread liquidation on Wall Street.
By jturbin | 8:04 pm | Gold Alert
While Financial Markets Continue to Crumble, G-8 Leaders Simply Acknowledge the Need for Global Growth and Jobs
After its recent rebound, gold prices were trading slightly lower on Tuesday pressured by a firmer U.S. dollar and weaker crude oil prices. Although the price of gold still remains range bound while it consolidates, it needs to make a decisive break above $1600 an ounce to attract momentum traders.
By David Levenstein | 8:40 pm | Lakeshore Trading
