Randgold Replenishes Reserves, Sees Growth Opportunities In Current Market
Randgold Resources Ltd. (NASDAQ:GOLD)(LSE:RRS) added to its attributable reserves in 2014, recording a 0.8% increase to 15.2 million ounces as resources decreased 3% to 27.8 million ounces.
Read moreGold Retreats From Resistance, Stuck In Large Range
March 30 —Gold prices are weaker in early trading action Monday as the market retreats from a key resistance zone around $1,220-$1,223 per ounce, basis June Comex futures. The gold market’s inability to pierce the $1,223.70 high from March 2 last week is a near term bearish signal and leaves the metal vulnerable to additional weakness. Overall, however, on a multi-month basis, gold prices continue to trade within a large neutral range.
Gold Lower as U.S. Dollar Index, World Stock Markets Rally
Gold prices are lower in early U.S. trading Monday, pressured by solid gains in the U.S. dollar index and by rallies in the competing asset class, the equities markets.
Read moreThe 6PM Recap With Gary Wagner: Gold and Other Investments Silent
What is there to say when equities are struggling to find direction, oil is down, the U.S. dollar is flat, U.S. Treasury yields are down on the 10-year, and it’s Friday?
Most Kitco Readers Predicted Gold Lackluster End To Q1 – Survey
(Kitco News) – According to a three-month survey, most Kitco readers were correct in predicting gold’s range by the end of the first quarter, closing the book on a relatively volatile three months.
‘Hesitant’ Gold Market To Be Dominated By Month and Quarter End Flows
(Kitco News) – Gold is ending the Friday session down from recent highs and with both month and quarter ending next week, some analysts are expecting prices could trade lower in a “hesitant” marketplace and shortened trading week.
So The Numbers Are In
The U.S. economy ended 2014 slightly weaker than economists were expecting, according to the final GDP report which came out earlier today. Friday, the Department of Commerce said fourth-quarter GDP rose 2.2% on a seasonally adjusted basis, unchanged …
Read moreGold Lower On Lack Of Safe-Haven Bid, But Remain Sensitive To Geopolitics – HSBC
Geopolitical tensions in the Middle East are not attracting much attention Friday, causing gold prices to drop from a lack of safe-haven flows, and analysts at HSBC say they are not surprised that prices have come back down below $1,200 an ounce. “Gold historically rallies during bouts of rising geopolitical tensions but these gains tend to be very fast moving and can be easily given back once the market shifts its focus away from the issues. However, for the time being, gold is likely to remain sensitive to Middle East developments, in our view,” they say.
Did Gold’s Strength This Week Spill Into Mining Stocks?
The short answer is not really, no.
Gold prices took advantage of a weaker U.S. dollar and geopolitical tension in Yemen to try stringing together its second winning week in a row, but miners didn’t really hop along for the ride.
Hecla Moves To Acquire Revett Mining Co. For $20 Million
Hecla Mining Co. (NYSE:HL) made a move to acquire Revett Mining Co. Inc. (TSX:RVM)(NYSE MKT:RVM) for $20 million in stocks.
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