Micheal George Discusses Outlook for Gold
The Gold Report reported an interview with the US Geological Survey's Micheal George on the outlook for the gold industry.
The Gold Report reported an interview with the US Geological Survey's Micheal George on the outlook for the gold industry.
Mineweb reported that an increase in India gold ETFs may signal a shift in buying patterns.
Last year gold was seen as a safe haven that could mitigate exposure to the European debt crisis, but it is now trading in line with more traditional drivers.
In recent years gold prices have surged, but costs have also been rising and are expected to continue upward. Should this activity discourage investment in mining stocks?
Mineweb reported that junior miner Village Main Reef said it is not entertaining an offer to buy its Tau Lekoa gold asset.
As apprehension about Spain's ability to finance its debt mounts, gold prices declined this week following a drop in the euro and a rate decision from the European Central Bank.
GoGold Resources Inc. (TSXV:GGD) announced an update regarding the company's acquisition of Absolute Gold.
Globe and Mail reported that Iamgold (NYSE:IAG) has acquired Trelawney Mining (TSXV:TRR) for $608 million.
A commitment from the Federal Reserve on Wednesday to keep its interest rates near zero and weak employment results have supported gold prices. Justin Reid, Managing Director and Head of Global Mining Sales at National Bank Financial discussed the function of gold as a liquidity hedge.
Gold prices slid slightly lower earlier in the week on concerns about Spain’s capacity to control its finances against default risk following reports of Spanish banks borrowing from the European Central Bank.
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