Integra Shareholders Show Strong Support For Eldorado’s Takeover – Chairman
(Kitco News) – While there is unanimous support from the board at Integra Gold Corp. for the proposed takeover bid offered by Eldorado Gold Corp., it is a bitter sweet victory, said George Salamis, chairman of the board.
Read moreIamgold: Saramacca Has Potential To Be ‘Transformational Asset’
Iamgold Corp. (TSX: IMG; NYSE: IAG) has offered an upbeat assessment on its 2017 infill drilling program at the Saramacca project, which is southwest of its Rosebel Gold Mine in Suriname.
Read moreGold Holding Steady After Drop In Housing Starts, Building Permits
(Kitco News) -Gold is holding on to its overnight gains Tuesday as the latest U.S. housing data weakened more than expected.
Read moreGold, Silver Up On Short Covering, Favorable Outside Markets
(Kitco News) – Gold and silver prices are modestly higher in early U.S. trading Tuesday. Early this week the outside markets are in a bullish posture for the precious metals, as the U.S. dollar index is slumping and crude oil prices are rallying.
Read moreGold, Silver Holding But There Is No Fear
(Kitco News) – Equity Markets continue to ignore everything while making new highs every day. Gold and silver continue to hold at major support levels, 1225 gold and 16 silver.
Read morePaulson Maintains Gold Stake In First Quarter; Soros Still Out
(Kitco News) – Well-known hedge fund manager John Paulson maintained his holdings in the world’s largest gold exchange-traded fund during the first quarter, while Soros Fund Management did not return to gold-related investments, according to filings with the U.S. Securities and Exchange Commission.
‘Gold Rout Below $1,200 Not Likely’ Ahead Of Fed Rate Hike – TD Securities
As gold holds steadily above $1,230 level, one bank sees $1,200 as a solid near-term bottom for the yellow metal, with no events, not even the Fed rate hike in June, likely to drag it below that level.
Read moreWGC Is Helping India Create A Spot Gold Exchange
Indian government is getting help from the World Gold Council (WGC) in its efforts to create a local physical spot gold exchange, with the opening date slated for next year, according to a Bloomberg report.
Read moreGold’s ‘Kryptonite’ Taking It To $300/oz Says Analyst
Gold is finding support after hitting a recent eight-week low, but one analyst is unfazed, noting that he is ‘more bearish than ever’ on the metal and sees prices falling into triple digits.
Fed Rate Hike Fears Prompt Massive Profit Taking In Gold By Hedge Funds
(Kitco News) – Falling geopolitical tensions and expectations that the Federal Reserve is on track to raise rates in one month prompted hedge funds to take profits in gold, liquidating long positions, according to the latest data from the Commodity Fu…
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