By Kishori Krishnan Exclusive To Gold Investing News It is one big company and it has big ambitions. Africa’s largest gold producer, AngloGold Ashanti Ltd., is studying a A$520 million (US$ 426 million) mine development in Western Australia state with venture partner Independence Group NL. AngloGold, owner of a 70 per cent stake in the [...]
Articles Tagged "derivatives"
By Kishori Krishnan Exclusive To Gold Investing News Gold was softer on Monday but holding within reach of a seven-week high as inflation and economic fears boosted its appeal as a hedge against uncertainty. Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
The trend in gold derivatives market is pointing towards further jump in prices of the yellow metal, Merrill Lynch said. For more information, click here