Strong US Dollar Hurting Gold
Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
A Russian gold company the size of Goldcorp could be formed now that Russian billionaire Mikhail Prokhorov has sold a stake in the country's biggest gold miner.
Bloomberg reported that Polyus Gold (LSE:POLG) enjoyed its biggest rise in five weeks on its plan for a London listing.
Reuters reported that gold sales from Polyus Gold (LSE:POLG) were up 52% in first quarter over the same period last year.
Reuters reported that higher gold prices and strong sales pushed Polyus Gold (LSE:POLG) profits up 57%.
Reuters reported that Polyus Gold (LSE:POLG) has decided not to move the company to London.
Reuters reported that Polyus Gold's (LSE:POLG) gold reserves were up to 90.5 million ounces.
Bloomberg reported that Polyus Gold (LSE:POLG) shares rose to a one-month high on higher gold prices.
Bloomberg reported that shares of Polyus Gold (LSE:POLG) rose on expectations of a buyout offer.
Bloomberg reported that the owners of Polymetal International (LSE:POLY) and Polyus Gold (LSE:POLG) are mulling the possibility of a merger.
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