Canadian gold producer invests $11m in embattled Vantage Goldfields
Canadian gold producer AfroCan Resources Gold will invest $11-million over the next two months into South African gold miner Vantage Goldfields, effective June 1, following an agreement signed Friday, Vantage confirmed to Mining Weekly Online.
Read moreMain Street Bullish, Wall Street Leans Bearish But Difference Narrows
Retail investors and market professionals remain on opposite side of the fences, although they’re moving toward one another, according to the latest results of the Kitco News Wall Street vs. Main Street gold survey.
Commerzbank Remains Positive On Gold Despite Prices Hitting Eight-Week Low
While gold is on track to end its eighth consecutive session in negative territory as it falls to an eight-week low, one bank sees potential for still-lower prices in the near term but remains optimistic that prices will recover by the end of the year.
Read moreGold Holding Moderate Losses Heading into Midday Yellen Speech
Gold prices are weaker in late-morning dealings Friday. Many markets are quieter as traders and investors are awaiting a midday speech by Federal Reserve Chair Janet Yellen, and as many have already gotten an early jump on a long U.S. holiday weekend.
Read moreUBS: Investors Have Opportunity To Buy Gold At ‘More Attractive Levels’
UBS says any further weakness in gold may be a buying opportunity.
Read moreExpect the Fed to Remain Consistent
Federal Reserve (Fed) tightening rhetoric has been consistently predicable. We should expect the same from Chairperson Janet Yellen this evening.
U.S. Economy Expands 0.8% In First Quarter
(Kitco News) – At second glance, economic activity in the U.S. was in line with expectations, according to the latest data from the Commerce Department.
Read moreJanet Yellen Opines Today
The G7 leaders wrapped up their meeting with a commitment to use all policy tools to ensure global growth. I read this as global monetary easing will continue and possibly accelerate.
Read moreSilvercorp Metals Lists Loss For Fiscal Fourth Quarter
Silvercorp Metals Inc. (TSX: SVM), a Canadian-based producer with multiple mines in China, posted a net loss in its fiscal fourth quarter that ended March. 31.
Read moreGold Near Steady Ahead Of Yellen Speech, After Notching 2-Mo. Low Overnight
Gold prices are trading near steady in early U.S. trading Friday, after hitting a two-month low in overnight action.
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