By Kishori Krishnan Exclusive to Gold Investing News Bullion’s strength is being tested – this time round it is not just against the U.S. dollar, but also currencies across the board. As volatile currency markets and solid investment demand spur bullion buying, spot gold price ounce rose as high as $902.50, the loftiest price ever [...]
By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
By Kishori Krishnan Exclusive to Gold Investing News Got anything special on your calendar for December 25? Well, ink this in. By executive proclamation, Gov. Sarah Palin has declared Thursday ‘Iditarod Gold Discovery Day’ to mark the 100th anniversary of the first strike in the Iditarod gold fields. The proclamation, dated November 21, encourages “all [...]
By Kishori Krishnan Exclusive To Gold Investing News There is only one question doing the rounds – Will US President-elect Barack Obama be able to arrest the root of terrorism? Obama’s tacit admission that “My administration will remain steadfast in support of India’s efforts to catch the perpetrators of this terrible act (the Mumbai terror [...]
Silverstone provides upfront payment of US$37.5 million for payable gold and silver from Minto. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Speculation is rife: the slumping global economy is expected to reduce demand for commodities. Investor confidence is shaken: Citigroup, the second-largest U.S. bank by assets, looks at options, including a sale of parts of the company or a merger. In the midst of all this gloom, there [...]
India may face gold shortage in the near future with more people buying the yellow metal after global meltdown in Europe. Chief GM of Mineral and Metals Trading Corporation (MMTC), Asheesh Majumdar. said: With the gold being looked as a lucrative investment option in European market, back home, the yellow precious metal will face the [...]
By Kishori Krishnan – Exclusive to Gold Investing News The results are daunting. Barack Obama’s victory in the U.S. presidential election and Democrat gains in Congress did not do much for the yellow metal. Gold declined in Asia on speculation that the move would speed the dollar’s recovery against the euro. The currency climbed against [...]
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
Gold Resource Corporation reported 1.4 meters of 55.30 g/t gold within 7.8 meters of 20.34 g/t gold at El Rey. For full story, click here For company’s website, click here
Get our independent commentary on gold trends and companies delivered to your inbox.
