Born and raised in Canada’s mining capital, Vancouver, Leia’s experience as a journalist dates back to her days as an undergraduate. While studying at Simon Fraser University, she held the position of news department coordinator for CJSF 90.1 FM, and science writer for the Journal of Young Investigators. Leia has an educational background that makes her knowledgeable about mining and resource economics - she holds a B.Sc. in physical geography/earth science from Simon Fraser University, where she also took a concentration of courses in resource economics. Leia has gained valuable knowledge about the financial workings of the commodities sector through her work as a commodities analyst, covering the PGMs, grains, tropicals, uranium, the Baltic Dry Index, and carbon trading. Leia joined Resource Investing News in 2008 and currently resides in the financial epicenter, New York City.
Gold futures rallied Monday, tracking the global equity markets, as record Black Friday sales and evidence that European leaders would come up with a plan to curb the Eurozone’s debt crisis boosted investor sentiment.
CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Once the gold reserve at a mine has been exhausted, the owner of the mine must rehabilitate the site. Rehabilitation refers to the process of returning mined land to its preexisting condition or a predetermined post-mining use.
This September, gold took part in a massive sell-off as investors moved to liquidate positions in the face of a deteriorating global economic picture. In the end, the metal lost 11 percent of its value.