Acacia Mining Slapped With Shocking $190 Billion Tax Bill In Tanzania

Acacia Mining is continuing to struggle in Tanzania, with the government now billing the country’s top gold producer a staggering $190-billion in alleged fines and unpaid taxes from two of its mines.

Gold Hits A Speed Bump After Hitting A 4-Week High

(Kitco News) – Gold prices were ending the U.S. day session near steady Monday, after hitting a four-week high earlier in the day.

Silver Still Needs To Do More To Shift Bearish Sentiment – Analysts

(Kitco News) – While hedge funds are feeling a little bit more optimistic on gold, more work needs to be done in the silver market, according to some analysts, since the market continues to attract short selling.

Gold Unchanged After U.S. Existing Home Sales Disappoint

Gold prices were relatively unchanged after data revealed that U.S. consumers bought less pre-existing homes in June, according to the latest report from the National Association of Realtors (NAR).

Gold Prices Holding Gains Despite Modest Rise In Flash PMI Data

(Kitco News) – Gold prices are holding on to modest gains Monday despite slightly stronger-than-expected preliminary manufacturing and service-sector sentiment data.

Gold And Silver Waiting For A Reason To Move

Gold Bulls Remain On A Roll; Next Target $1,300

Gold prices are slightly up and scored a four-week high in early U.S. trading Monday.

FXTM’s Otunuga: Soft Dollar Propels Gold To Four-Week High

Spot gold moved to a four-week high at $1,258 an ounce Monday on the back of U.S. dollar weakness, says FXTM research analyst Lukman Otunuga .

Oil prices advance as OPEC meeting unfolds

Oil prices gained Monday, as investors kept a close eye on a meeting of major crude producers, amid hopes for a decision to include Nigeria and Libya in a production-cap deal orchestrated by the Organization of the Petroleum Exporting Countries.

Gold Bulls End Week With Full Head Of Steam

Comex gold futures prices ended the U.S. day session with solid gains Friday, hit a three-week high and closed at a technically bullish weekly high close.