Lower Rupee Keeps Gold Demand Subdued
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
The Gold Report reported an interview with the US Geological Survey's Micheal George on the outlook for the gold industry.
Clifton Star Resources Inc. (TSXV:CFO,FWB:C3T) announced the results of a mineral resource estimate from the Quebec-based Duparquet gold project.
Gold Canyon Resources Inc. (TSXV:GCU,OTC Pink:GDCRF) announced more results from the Ontario-based Springpole Gold Project.
CNBC News reported that a slight rise in the euro also caused gold prices to increase.
Ethos Gold Corp. (TSXV:ECC) announced that it has started drilling at the Yukon-based Betty Gold property.
Orezone Gold Corp. (TSX:ORE) announced that the sale of the Burkina Faso-based Sega gold project to Cluff Gold (LSE:CLF) is now complete.
Globe and Mail reported that new economic policies in Argentina could make it more difficult for gold and silver mining operations more to succeed.
Bloomberg reported that Harmony Gold (NYSE:HMY) said it is looking for alternative ways to secure electricity supply for its mine in South Africa.
MarketWatch reported that the price of gold dropped as the US dollar rose over concerns about the Greek debt crisis.
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