China Continues To Buy More Gold As it Sells Other Foreign Reserves
China’s central bank continues to see the value of diversifying into gold as it continues to purchase the precious metal on a monthly basis in the midst of falling total reserves.
Sharp Gains for Gold, Hits 8-Mo. High, Closing in on $1,200
Gold prices ended the U.S. day session sharply higher, hit an eight-month high and came within a whisker of touching $1,200.00 on Monday.
Read more“We’re in a very Confused State; Good For Gold” – Randgold’s Bristow on Global Economy
Randgold Resources (Nasdaq: GOLD) shares soared to the top of the FTSE 100 on Monday after beating market expectations in its full-year results.
Read moreLonger-Term Price Downtrend in Gold Negated
The weekly continuation chart for nearby Comex gold futures shows a 2.5-year-old price downtrend has been negated with the recent upside price action.
Read moreHedge Fund Gold Positioning At Three-Month High – CFTC
A mix of short covering and new investment interest from hedge funds and money managers helped to push speculative interest in gold and future prices to three-month highs, according to the latest data from the Commodity Futures Trading Commission (CFT…
Read moreTahoe Resources Agrees To Acquire Lake Shore Gold
Tahoe Resources Inc. (TSX, BVL: THO, NYSE: TAHO) has agreed to acquire Lake Shore Gold Corp. (TSX: LSG) in an all-stock deal, the companies announced Monday.
Read moreTechnical Trading: Gold Soars, But Be Careful: Don’t Chase
Feb. 9 –It’s been off to the races this year in the gold market. Gold charged over 11 percent higher since the start of 2016, supported by a bevy of global market factors including reduced expectations for Federal Reserve rate hikes this year, uncertainty over global and U.S. growth prospects and increased appetite for safe haven investments.
Gold Extends Overnight Gains, Closing in on $1,200
Gold prices are trading sharply higher, at a 3.5-month high and are nearing the key $1,200.00 level in morning U.S. dealings Monday.
Read moreGold at $1,200: “Compelling Reasons” Have Haven Seekers Returning to Metal – RBC’s George Gero
Fear of the unknown by investors globally, has helped gold reach $1,200 an ounce on Monday, explains George Gero, Vice President of RBC Capital Markets.
Read moreRandgold Resources Increases Dividend After Rise In Gold Production
Randgold Resources (Nasdaq: GOLD) is planning to raise its dividend after record output in the fourth quarter and full-year 2015, although its net profit was down from a year ago due to weaker gold prices, the company said Monday.
Read more