High Desert Gold Corporation declared that it has released its audited financial statements for the year ended December 31, 2008 and the related management’s discussion and analysis of financial position and results of operations. For full story, click here
South Africa’s unions reported their plans to demand big wage hikes from gold producers enjoying high prices, but gold firms declared that they are missing out on the rising prices due to dwindling output, setting the stage for tough talks. For full story, click here
Gold buyers in India stayed on the sidelines on Friday as prices rose above 15,500 rupees in the middle of the wedding season. For more information, click here
Higher gold and platinum prices are lending support to the rand at a time of heightened risk aversion and volatility For full story, click here
PC Gold Inc. is pleased to report assay results from the final 4 diamond drill holes of the recently concluded 29-hole Phase I drill program on the past producing Pickle Crow Gold Mine Property in northwest Ontario, Canada. For full story, click here
Great Panther Resources Limited reported new underground exploration development at its 100% owned Topia Mine in Durango, Mexico, has identified high grade silver, gold, lead, and zinc mineralization in the Gregorio and Rosario Veins. For full story, click here
Market Vectors Gold Miners ETF is taking its lead from the gold market this morning, rather than the equity market, which has propelled the gold mining index to a new recovery high. For full story, click here
Gold prices ended at more than a three-month high at Rs 13,765 per ten grams on the bullion market in Mumbai on Friday on fresh stockists enquiries on the back of higher global advices amidst fall in equity markets. Fo full story, click here
“I think market sentiment is not that bad. Gold still attracts buying interest. People are not happy to put too much money in the bank,” said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong. For full story, click here
Besides profit taking, weaker oil prices put pressure on gold, but dealers said investors were happy to buy on dips. Gold has bounced more than 20 percent since falling to a 13-month low around $680 in October, but it was still below a lifetime high of $1,030.80 struck in March. For full story, click here
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