Even as spot market gold prices have traded at historical highs over the past few months, central banks are increasing positions and demonstrating support for the precious metal.
Articles Tagged "precious metal"
With gold prices hitting a record as a crisis drives investors into commodities, illegal mining has risen in the rainforests of South America.
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
With just over $200 million of assets under management, the size of this fund is relatively nimble, providing greater flexibility for exposure to smaller exploratory positions which can enhance the upside potential in addition to the risk volatility.
Dia Bras Exploration Inc. (CVE:DIB) reports that drilling continues at its La Cascada target, which is a high-sulphidation gold system at its wholly owned Bolivar Property in southwestern Chihuahua State, Mexico.
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.
Bloomberg reports that Gold futures rebounded after investors snapped up the precious metal as an alternative to currencies.
Reuters reports that Gold eased back toward $1,380 an ounce on Wednesday.
Otis Gold Corp. (CVE:OOO) announces that it has executed an agreement to purchase a 100% interest in the Kilgore Gold Project and related assets from Bayswater Uranium Corporation.
Bloomberg reports that Gold rebounded from the lowest price in two weeks.