Grandview Gold Inc. declared that it has signed a letter of intent with a private Peruvian group to acquire an 80 per cent interest in a 400-hectare property in exchange for cash, exploration spending and equity. For full story, click here
Debt, equity and gold exchange-traded funds have all participated in the mutual fund industry’s run to the Rs 6 lakh crore-mark, achieved in May. Navneet Munot, chief investment officer at SBI Mutual Fund, stated: Overall, the systemic liquidity has improved and the money is coming into fixed-income funds. For full story, click here
By Kishori Krishnan, Exclusive to Gold Investing News Mumbai, India It’s a new form of gold rush. Prospectors, jewelery stores and pawnshop counters are passé in the wake of this new feed. The feverish charge for the yellow metal is now unfolding across corporate offices, mutual fund counters and retail stores across India. The biggest [...]
Overview Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata [...]
India gold futures may trade lower this week on waning safe-haven demand on expectations of surging equity markets. Pradeep Unni, senior research analyst with Richcomm Global Services, stated: We expect gold to trade in a range with negative bias. For full story, click here
A latest report presented by Citigroup declared that gold prices are expected to surge further in the coming months, but the uptrend is likely to reverse after the return of confidence in the equity market. For full story, click here
Gold remained steady around $890 per ounce on Wednesday as investors watched equity markets to gauge risk appetite and awaited U.S. earnings and manufacturing data for more clues on the health of the global economy. Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, stated: There is not much interest at the $900 [...]
Gold prices dipped in the national capital of India today on fresh selling by investors and funds shifting to rising global equities. For full story, click here
India gold futures dipped on Thursday on a strong rupee, making the dollar-quoted asset cheaper, and further pressured by strong regional equity markets. Amar Singh, head of research with Angel Commodities, stated: We have a negative bias in gold today due to strong equity markets, reducing risk appetite in gold. For full story, click here
The gold market in New York spent most of the trading session lower on Monday as equities rallied. Gold futures for April delivery slipped 3.70 dollars, or 0.4 percent, to 952.50 dollars an ounce on the New York Mercantile Exchange. For full story, click here
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