MIL Resources Limited announced that it has reached agreement to acquire 50% of Titan Metals Limited, a private PNG registered company which holds 8 Exploration Licence Applications (ELAs) covering over 10,000 sq km in PNG and hosting potential for significant discoveries of gold, copper, nickel and molybdenum deposits. for full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Gold edged up to 9.9 per cent last week as the dollar dropped 4 per cent to a two-month low versus the euro, which increased investor demand for the alternative asset, while platinum bounced back on technical buying after a sell-off on demand fears petered out. Gold [...]
Gold slipped after rising to a 5-week high above $800, but turmoil in the financial markets could spur another round of safe-haven buying as world leaders sought to prevent a severe global economic downturn. For full story, click here
Spot gold prices drifted lower, trading $10 an ounce below last week’s close as European stock markets lost another 2% and crude oil fell towards fresh 21-month lows. For full story, click here
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
By Kishori Krishnan – Exclusive to Gold Investing News The results are daunting. Barack Obama’s victory in the U.S. presidential election and Democrat gains in Congress did not do much for the yellow metal. Gold declined in Asia on speculation that the move would speed the dollar’s recovery against the euro. The currency climbed against [...]
Silverstone Resources Corp. said that it has agreed to buy 100% of the life-of-mine payable gold and silver output from Sherwood Copper Corporation’s Minto mine based in the Yukon, Canada. Darren Pylot Silverstone’s President & CEO , said: This transaction with Sherwood will more than double Silverstone’s silver equivalent ounces in 2009. We are very pleased to have [...]
Prices of the metal being steady is the reason. In Eurozone recent weeks have seen the € fall from $1.60 to $1.25 a fall of 22%. This is the time that gold has fallen iom $900 to $700, a fall 22%. In the €, gold has remained steady at +€560 of late. For full story, click here
Gold continues to decline in Asia and headed for its 2nd weekly fall as the rising dollar and a slump in equities curbed investor demand for the yellow metal. Deutsche Bank AG analysts, led by Michael Lewis, said: The decline in the gold price is not only linked to a further strengthening in the U.S. [...]
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