Archive for November, 2008

Gold prices related with dollar

Gold has run out of gas, said Donald selkin, the chief market strategist at National Securities Corp. in New York. It’s closely correlated with the dollar these days. For full story, click here

Gold Futures Fall, Ending Rally, as Dollar

 Gold fell for the first time in six days, halting the longest rally since July, as a rebound in the dollar slashed demand for the precious metal as an alternative investment. For full story, click here

Tribe seeks restraining order against NV gold mine

A group of American Indians and environmental supporters has asked a federal court to block a big gold mining project they say will desecrate sacred Western Shoshone religious sites in northern Nevada. For full story, click here

Osisko Quebec gold mine to yield 628,000 oz/year

Osisko Mining said its Malartic gold project in Quebec should initially yield an average of 618,000 ounces of gold a year when it begins production in 2011, which would make it Canada’s largest open-pit gold mine. For full story, click here

Gold surge on firm global trend

Gold spurted by Rs 260 at Rs 13,180 per 10 gram on emergence of buying by stockists and jewellery-makers for the current marriage season and strong global cues. For full story, click here