The gold market in New York spent most of the trading session lower on Monday as equities rallied. Gold futures for April delivery slipped 3.70 dollars, or 0.4 percent, to 952.50 dollars an ounce on the New York Mercantile Exchange. For full story, click here
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Precious metal prices moved strongly higher on Tuesday, led by gold bullion, which hopped more than USD 30 an ounce to above USD 970 at one stage, prompting yet another sparkling performance by listed gold equities. For full story, click here
Gold futures was up 4 percent, heading for the biggest one-day gain in more than 5 weeks, as rallies in global equity markets and expectations of a possible interest-rate cut in the U.S. pushed prices for commodities higher. James Moore, analyst with TheBullionDesk.com, said: Recent movements in both the equity and currency markets suggest some risk [...]
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