Precious metals have enjoyed a spectacular rise today after the Federal Reserve signaled that interest rates will stay low for an extended period of time, no changes to policies or forecasts and telegraphed the end of its bond-buying program.
Reuters reports that on Wednesday, Gold edged lower as the market looked set to consolidate ahead of the U.S. Federal Reserve's decision on further monetary easing next week while Silver initially rose strongly after the U.S. futures regulator raised an alarm about the silver market.
Caldera Resources (CVE:CDR) reports initial results from its summer work program. “Results from resampling of historic trench samples released today confirm that the Marjan Gold and Silver Project carries good grades of gold and silver. For complete news release, click here.
Cream Minerals reports Cream Minerals De Mexico S.A. De C.V. has filed an application to denounce approximately 700 Hectares adjoining the Las Habas project; a high-grade silver based metal project. The newly denounced land package is located to the West of, and adjoins the Las Habas Project. The denouncement will increase Cream’s land holdings in the area [...]
By Kishori Krishnan Exclusive To Gold Investing News There are some strong headwinds, but bankers and investment houses are still bullish on the yellow metal. Gold is consolidating and prices may decline further in the near term before heading higher, analysts state. ScotiaMocatta insists the “big picture remains supportive for gold. Although gold is facing [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
