Anglo Gold Ashanti and Harmony Gold Mining Industry labor unions may decide on the South African Chamber of Mines’ wage offer. Separately, gold declined in Asia as investor appetite for riskier, high-yielding assets gained amid surging stocks and after a report that showed U.S. sales of new homes surged the most in eight years. For [...]
Gold edged up on Thursday, after slipping almost $15 toward $900 an ounce the previous day as investor risk aversion pushed the dollar up versus the euro, dulling bullion’s allure as an alternative asset. For full story, click here
Australian gold explorer Gold Aura on Thursday declared that it had entered into an agreement to purchase an effective 60% stake in the Sao Chico gold property, in Brazil, in a move to protect its interest in the asset. For full story, click here
India gold futures have edged up on Friday tracking gains in overseas markets and further supported by a weak rupee, making the dollar-quoted asset expensive. For full story, click here
Gold major Harmony Gold was on Friday selected as the preferred bidder for acquiring the mining assets of the provisionally liquidated Pamodzi Gold Free State operation. For full story, click here
Indian money manager Benchmark Asset Management aims to grow client base in its gold exchange traded fund by more than 50 percent as it lures investors hurt by a sharp dip in their stock portfolios. For full story, click here
Indian money manager Benchmark Asset Management aims to grow client base in its gold exchange traded fund by more than 50 percent as it lures investors hurt by a sharp dip in their stock portfolios. Rajan Mehta, executive director, stated: We feel awareness has reached its critical stage, and the growth would be faster now. [...]
By Kishori Krishnan Exclusive To Gold Investing News A deal was approved on Thursday by Kyrgyzstan’s lawmakers to double the government’s stake in a gold mine that is one of the impoverished Central Asian country’s biggest sources of revenue. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the [...]
North American fund manager, Sprott Asset Management announced that it has held a 5.4% stake in listed Medusa Mining. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News The United States is firing up the printing presses. This desperate move means the value of the dollar is destined to disintegrate. What this also means is that gold will decline on a muscular US dollar, profit-taking, technical selling and potentially deflationary economic data. The yellow metal [...]
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