Gold Tumbles on Outlook for Economic Recovery
Bloomberg reports that Gold tumbled the most in six months on speculation that an economic recovery.
Bloomberg reports that Gold tumbled the most in six months on speculation that an economic recovery.
Sphere Resources (CVE:SPH.H) enters into a JV agreement to acquire mining claims at Poker Flats located within the Carlin Mining District in Elko County, Nevada.
Allied Gold (TSX:ALG,ASX:ALD) anticipates wet and dry commissioning of the 2.5 Mtpa Gold Ridge process plant in February with first gold production expected in the March quarter.
Bloomberg reports that Gold rose the most in a month after the dollar’s retreat boosted demand for the precious metal as an alternative investment.
Reuters reports that Shares of gold and silver companies are having their best day since November 10.
Goldalert.com reports that COMEX gold futures, per the February contract, settled higher by 0.2% at $1,382.90 per ounce.
Bloomberg reports that Gold futures rose on speculation that wide swings in currency markets will boost demand.
Bloomberg reports that Gold rose for the first time in three days in London.
Goldalert reports that Gold ETFs dipped Thursday, with the SPDR Gold Trust (GLD) falling $0.68, or 0.5%, to $134.02 in morning trading.
Reuters reports that on Thursday Gold fell 1.3 percent to close in on $1,360 an ounce.
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