Gold prices steadied at around $950 per ounce on Wednesday, propped up by light short covering ahead of the U.S. Federal Reserve’s policy statement at the end of a two-day meeting due later in the day. Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, stated: I think they’re squaring positions. That’s all. [...]
Holdings of Julius Baer’s gold-backed exchange-traded fund surge 82,000 ounces or 5 percent in the week to July 22, the bank said in its weekly statement. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News All the signals are promising for gold stocks to rise. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion [...]
High Desert Gold Corporation declared that it has released its audited financial statements for the year ended December 31, 2008 and the related management’s discussion and analysis of financial position and results of operations. For full story, click here
Tuesday, August 11, 2009