Phoenix’s Grady: Gold Making Lower Highs, Hurt By Tightening Worries

The same factors that hurt stocks lately – worries about tighter monetary policy – also seem to be holding back gold, says Kevin Grady, president of Phoenix Futures and Options LLC.

Gold Slightly Down As Marketplace is Calm

Gold prices are modestly lower in early U.S. trading Friday. The recent quieter world geopolitical scene is giving the sellers of the safe-haven metal more confidence.

Mandalay Resources Announces Force Majeure For Cerro Bayo Mine

Mandalay Resources Corp. (TSX: MND) announces that subsidiary Compañia Minera Cerro Bayo has started giving notice of a force majeure to the primary customers, suppliers and contractors of its Cerro Bayo mine in Chile.

Mandalay Resources Announces Force Majeure For Cerro Bayo Mine

Mandalay Resources Corp. (TSX: MND) announces that subsidiary Compañia Minera Cerro Bayo has started giving notice of a force majeure to the primary customers, suppliers and contractors of its Cerro Bayo mine in Chile.

Gold Weaker Amid Calmer Geopolitical Scene Recently

Gold prices were ending the U.S. day session moderately lower Thursday.

Goldman Sees ‘Balanced’ Gold Market At $1,250 In Six, 12 Months

Goldman Sachs has a “balanced” outlook on gold, looking for the metal to be around $1,250 an ounce six months and a year from now.

Alio Gold Announces C$50 Million Bought Deal Offering

Alio Gold Inc. (TSX, NYSE MKT: ALO, formerly known as Timmins Gold) has entered into an agreement in which underwriters have agreed to purchase on a bought deal basis 8 million “units” of the company at a price of C$6.25 each

Kinross Announces $500 Million Unsecured 10-Year Debt Offering

Kinross Gold Corp. (TSX: K; NYSE: KGC) announces that it has priced an offering of debt securities consisting of $500 million in 4.50% senior notes, due in 2027.

Goldcorp Sells 21% Interest In Copper-Zinc Project

Goldcorp Inc. (TSX: G, NYSE: GG) says it has entered into a binding agreement with Teck Resources Ltd. for the sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Mexico, for $50 million.

Gold Shrugs Off 1.4% Growth In Q1 GDP

(Kitco News) – The gold market is unchanged, remaining down on the day after the Commerce Department showed stronger-than-expected economic growth in the first three months of the year.