Prices for gold have lately been demonstrating greater sensitivity to news flow out of Europe than positive data out of the United States. With the market seeking out bullish news, confirmation of the European debt crisis will continue to be the strong triggers that will take gold prices up.
Harmony Gold Mining Co., the world’s fifth-leading producer of the metal, on Monday surprised the market with its first dividend in five years after fourth quarter earnings beat forecasts. For full story, click here
Gold producer New Gold Inc declared that a wider second-quarter loss as it took a hefty impairment charge tied to its purchase of Western Goldfields, but posted an adjusted profit that topped market expectations. For full story, click here
Barrick Gold, the world’s leading gold producer, is scheduled to release second-quarter earnings Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period. For full story, click here
India’s gold purchasing remained slack in the local market on Friday with traders reluctant to enter into deals as spot prices stayed above the keenly-watched price. For full story, click here
Gold prices crossed 15-K level after a gap of 3-1/2 months on the bullion market in early trade on good demand from stockists triggered by overnight rise in New York market. For full story, click here
Gold prices surged further on the bullion market here today on persistent local demand amidst firming trend in international markets. For full story, click here
India’s doubling of import duty will have little impact on the domestic gold market. For full story, click here
India gold futures have edged up on Friday tracking gains in overseas markets and further supported by a weak rupee, making the dollar-quoted asset expensive. For full story, click here
India gold futures have edged lower on Friday, tracking weak international markets, and a firm rupee. For full story, click here
Get our independent commentary on gold trends and companies delivered to your inbox.
