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.
Read moreGoldcorp 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.
Read moreGold 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.
Read moreU.S. Weekly Jobless Claims Rise 2,000 To 244,000
U.S. initial weekly U.S. jobless claims rose by 2,000 to a seasonally adjusted 244,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Read moreGold Weaker Amid Quieter Geopolitical Front
Gold prices are moderately lower in early U.S. trading Thursday.
Read moreAre Cryptocurrencies A Real Option For Central Banks?
As several central banks are seriously considering the use of digital currencies, one professor believes cryptocurrencies could be a cheaper option for everyone
Read moreGold Ends Slightly Up As Outside Markets Turn Bullish
Gold prices ended the U.S. day session with minor gains Wednesday, boosted in part by the sharp drop in the U.S. dollar index the past two days that pushed it to a seven-month today.
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