Detour Gold, a mid-tier company sitting on what could be the largest gold mine in Canada, received an injection of cash this week.
Articles Tagged "USA"
Gold was hammered in the markets today, losing over $40, after the US Federal Reserve indicated that changes to its quantitative easing program are contemplated for March.
The fiscal cliff may have been averted, causing gold to spike, but it's not all good news for the precious metal, which lost ground on Thursday.
The approaching fiscal cliff and promising jobs data out of the United States conspired to pull down gold this week. A report from PwC, however, is bullish on the precious metal in 2013.
The re-election of Barack Obama to the Unites States presidency is proving bullish for gold as bullion investors bet on continued loose monetary policy and more troubles ahead as the United States approaches the "fiscal cliff."
Bloomberg reported that gold is rallying on signals that the US economy will continue to struggle.
The Street reported that expectations of weaker US job growth caused gold prices to rally today.
Reuters reported that gold prices continue to increase over economic concerns in the US and Europe.
Bloomberg reported that profits for Newmont (NYSE:NEM) were higher than expected on the recent surge in gold prices.
CNBC News reported on opinions that gold is still a comparatively cheap investment.