Gold Rebounds as U.S. Jobs Data Signals Fed May Keep Interest Rates Low
Bloomberg reported that gold futures were up on information suggesting that interest rates will stay low.
Articles Tagged "gold investments"
NioGold and Aurizon Commence Drilling on the Marban Block Property
NioGold Mining Corporation (CVE:NOX) reports that drilling operations have began on the Marban Block property under the terms of the Aurizon Mines’ (TSE:ARZ) option agreement. A C$5.9 million program was approved for the first year of the option that includes 50,000 metres of diamond drilling. For complete news release, click here. For Niogold’s company profile, click here.
Excalibur: Drilling Commences at Sturgeon Lake
Excalibur Resources (CNQ:XBR) reports that it has signed a contract for a drill program of a minimum of 4,000 meters at the Sturgeon Lake property. The drill program is expected to commence on August 16, 2010. For complete news release, click here. For Excalibur’s company profile, click here.
Gold down on oil and dollar; platinum at 3-year low
Reuters reports gold is down by more tham five dollars at a 2 week low. Gold was trading at $829.40 an ounce, down $5.40 from New York’s notional close on Friday, when it hit a two-week low of $818.70 after the U.S. House of Representatives voted to pass a $700 billion package to bailout the U.S. [...]
Spot gold falls below $870/oz as sentiment turns negative
Reuters reports markets for spot gold fell more than 2% while the US financial sector’s massive bailout is expected to close a deal. Spot gold was bid at $869.12 an ounce at 1437 GMT from $881.00 late in New York on Wednesday. Traders said negative sentiment had been reinforced by selling related to options ahead [...]
Gold can still live above $1000
Telegraph.co.uk(Editorial) reports the price of gold could climb above the $1,000 mark as some analysts believe despite its falling. Gold has surged this week as investors sought “safe haven” investments, rising to $861.25 an ounce in London at the close of trading on Thursday – up 14pc from Monday’s opening price. Investec’s Head of Resources Management, Daniel [...]
Aussie gold rush-II
By Dave Brown – For Gold Investing News The US producers price data released on Tuesday registered the highest monthly rate increase in 27 years, indicating that inflation continues to be a concern despite the slowdown in the US economy. Additional negative economic news flow resulted from the US Commerce Department report for July housing, accentuating further weakness, [...]
Gold futures rise as Iran test fires more missiles
MarketWatch reports gold prices rose more than 1% as more missile tests by Iran were reported and boosted precious metal; a safe-haven appeal. Gold for August delivery surged $15.50, or 1.7%, to $944.10 an ounce on the New York Mercantile Exchange. Director of Dublin-based Gold and Silver Investments, Mark O’Byrne notes: “Given the background of rising inflationary/recessionary fears, [...]
Gold rallies to one-month high as dollar falls
MarketWatch reports gold prices gained a month high with the weak US dollar. Gold for August delivery rose $29.70 to $912 an ounce on the New York Mercantile Exchange. Mark O’Byrne, executive director of Gold and Silver Investments Ltd., wrote: “There is the risk that while the Federal Reserve has to an extent ‘talked the talk’ [...]
