SNL: Producers’ Average AISC $833 Per Gold Ounce In First Quarter
Most gold-mining companies continued to reduce expenses in the first quarter, with the all-in sustaining cost per ounce for the top 17 publicly listed gold companies coming in at a weighted-average of $833 an ounce, according to a report from the mining consultancy SNL Metals & Mining.
Fortuna Silver Mines Agrees To Acquire Goldrock, Develop Lindero Project
Fortuna Silver Mines Inc. (NYSE: FSM; TSX: FVI) has agreed to acquire Goldrock Mines Corp. (TSXV: GRM) in an all-stock deal valued at C$129 million, the companies announce.
Read moreGold Hits 2-Week High Amid Bullish Outside Markets
Gold is solidly higher and scored a two-week high in early U.S. trading Wednesday, on bullish outside markets that see higher crude oil prices and a lower U.S. dollar index.
Read moreGuess What? We’re Headed Towards Recession – Gerald Celente
As investors continue to digest Federal Reserve Chair Janet Yellen’s remarks last week on the U.S. economy, one longtime trend forecaster says she is a little too optimistic.
Gold Rebounds Amid Bullish Outside Markets
The key “outside markets” on Wednesday find the U.S. dollar index weaker, as the greenback bears are gaining downside momentum.
Read moreBond Market to the Fed – Good Luck with That One
Former president Bill Clinton once famously quipped “I would like to come back as the bond market.”
Dollar lower against yen, euro but finds some support on Chinese trade data
The dollar lost ground Wednesday as the U.S. interest-rate watch continues, but the greenback trimmed deeper losses after a relatively strong reading on Chinese imports.
Read moreGold Still Building Up Its Head Of Steam As Stocks Move Higher
Only a few days after it became clear that an interest-rate hike by the United States Federal Reserve in June is very unlikely it isn’t terribly surprising that gold is looking for a wide hole in the line to run through.
Gold Ends Near Steady Amid Chart Consolidation; Bulls Still Have Technical Edge
Gold prices ended the U.S. say session near unchanged levels Tuesday, amid mild profit-taking pressure and some normal backing and filling on the charts following recent good gains.
Read moreIt’s Sensible For Central Banks To Hold Gold – Former BOE Head Mervyn King
With the growing threat of renewed global instability, the former governor of the Bank of England said that gold could play an important role in a central bank’s official reserves.