The Africa gold mining giants, AngloGold Ashanti, has been ordered by Guinea’s military junta chief, Captain Moussa Dadis Camara to shut down its operations in Guinea after the company’s director failed to attend the meeting of mine executives. For full story, click here
Gold prices tumble down in Asia as crude oil prices fell and dollar strengthened, curbing demand for the precious metal as an inflation hedge and alternative investment, For full story, click here
The overall trend remains down for gold as the dollar is still strong. Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning. For full story, click here
The overall trend remains down for gold as the dollar is still strong. Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning. For full story, click here
Gold miners were down significantly in morning trade. Newcrest Mining slumped 4.38 %to $20.08, Newmont Mining was 19 cents down to $3.79 and Lihir Gold shed 13 cents to $1.86. Spot gold in Sydney was at $US713 an ounce, down $US23.80 on yesterday’s local close. For full story, click here
Spot gold in Sydney was at $US713 an ounce, down $US23.80 on yesterday’s local close. Gold miners were weaker, with Newcrest Mining down 4.38 %to $20.08, Newmont Mining was 19 cents lower to $3.79 and Lihir Gold lost 13 cents to $1.86. For full story, click here
Spot gold declined more than $20 per ounce in early afternoon trading in New York, low nearly 2.7%. For full story, click here
Barrick Gold Corp. posted Q3 net income of US$254 million, down from $345 million a year earlier. Peter Munk, chairman and interim CEO of Barrick Gold, said: While gold prices have been volatile in the face of a global credit crisis as investors have liquidated positions across all asset classes, we continue to be positive about the [...]
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