An impasse over budget talks in the United States is testing bullion's value as a safe haven asset.
Articles Tagged "nyse:gfi"
Reuters reported that Gold Fields (NYSE:GFI) has finalised its $270 million acquisition of mines belonging to Barrick Gold Corp (NYSE:ABX, TSX:ABX) in Australia.
The Wall Street Journal reported that Gold Fields (NYSE:GFI) is under investigation by US regulators for an improper payment related to the acquisition of a gold mine.
Here are five companies mining the precious metal Down Under.
The largest gold producer in Tanzania joins other struggling gold companies that have changed top management recently.
The chickens are coming home to roost for some major gold companies that are having to take significant hits on asset valuations.
Continued concerns about the tapering of quantitative easing brought gold down to its lowest level in nearly three years this week.
Gold Investing News asked Frank Holmes, Julian Phillips and Peter Schiff what happens to gold if the United States tapers quantitative easing. The experts also weigh in on how the new reality of $1,300 gold is likely to impact the major producers and junior gold explorers.
Gold investors held on for a long, scary ride in the markets on Thursday as gold broke through $1,300 an ounce and plumbed two-and-a-half-year lows.
Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.