Eldorado: Greek Approval Of Study Clears Way For Work To Resume On Skouries Project
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) says its Greek subsidiary, Hellas Gold S.A. , has received approval from Greece’s Ministry of Energy and Environment for an updated technical study for the Skouries project in northern Greece..
Silver Wheaton Reports Dip In 1Q Net Income, Second-Highest Output Ever
Silver Wheaton Corp. (TSX, NYSE: SLW), a Vancouver-based precious-metals streaming company, posted lower net earnings in the first quarter compared to a year ago, although cash flow increased.
Read moreGold Extends Losses as Sell Stops Triggered in Futures Market
Gold is seeing increased selling pressure from already sharp early-morning losses in mid-morning trading Monday.
Read moreFreeport-McMoRan Sells Tenke Stake For $2.65 Billion
Freeport-McMoRan Inc. (NYSE: FCX) has entered into an agreement to sell its majority interest in TF Holdings Ltd. to China Molybdenum Co., Ltd. (CMOC) for $2.65 billion in cash, with some contingencies that could add to the total sales price, Freeport …
Read moreGold – Subject to the Fed, Which Is Subject to Stocks
Gold appears reluctant to breach $1,300/oz. resistance unless there is a further reduction in Federal Reserve (Fed) tightening expectations.
Read moreGold Remains Sensitive To Dollar Movement
After Friday’s lower employment numbers, it took very little time for the economists of three large banks to suggest that a June rate hike was “probably” off the table.
Gold Down Sharply On Profit Taking, Risk-On Trading Day
Gold prices are solidly lower in early U.S. trading Monday, pressured by some profit taking from recent gains and by better risk appetite in the general marketplace to start the trading week. A firmer U.S.
Read moreCiti: Soft U.S. Data To Delay Expected Longer-Term Turn In Gold Prices
Recently soft U.S. economic data has delayed Citi Research’s longer-term expectation for gold to give up some of its strong gains so far in 2016, the bank says.
Gold Lower Amid Risk-On Trading Day
It’s a ‘risk-on’ day in the marketplace Monday, as world stock markets were mostly higher overnight. U.S. stock indexes are pointed toward higher openings when the New York day session begins.
Read moreGold Says, ‘Thanks Jobs!’
When the Federal Reserve raised interest rates in December, the first hike in nearly a decade, it looked to be gold’s final curtain call.