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.
Gold prices were steady on Friday, however, after suffering a steep loss in the prior session were on track to post a weekly loss, for the first time since September.
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.
Gold followed the equities lower on Friday, as discord among the G20 leaders on boosting the IMF’s firepower to fight the Eurozone debt crisis led to investor apprehension.
Following the massive sell-off of gold in September, the price of the yellow metal has stabilized is headed for recovery after dropping from the record high of $1923.70 on September 6.
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.
Operating the mine is a very exciting phase in the life cycle of a gold mine. Finally, after years of hard work and millions of dollars invested, a miner can start to see some returns.
Gold prices inched higher on Friday, heading for their second weekly advance as a stalling greenback and uncertainty in the Eurozone coaxed investors back into the safe haven investment.
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.
