Gold Ends Weaker On Bearish Outside Markets, Technical Selling
Gold prices ended the U.S. day session moderately lower Tuesday, pressured by a firmer U.S. dollar index and solidly lower crude oil prices. The recent deterioration in the chart postures for gold and silver markets have prompted some new technical se…
Read moreTriland Metals: Gold Seeing Good Physical Demand In Weaker Price Environment
Weaker prices have led to a “decent” in gold volumes on the Shanghai Gold Exchange. In fact, analysts at Triland Metals note that Tuesday’s volume of the exchange’s two physical contracts were at record highs.
Randgold To Grow Cash Flows As Peers Pull Back – CIBC
Analysts at Canadian bank CIBC see Randgold Resources Ltd.’s (NASDAQ:GOLD)(LSE:RRS) continuing to generate significant cash flow, as efficient cost reductions and intelligent project development are bearing fruit.
Indian Trade Ministry Wants To Reduce Gold Tariffs
(Kitco News) – According to recent media reports, there is some pressure within the Indian government to reduce tariffs on gold imports.
Read moreGold Lower Amid Bearish Outside Markets, Weaker Technical Posture
Gold prices are modestly lower in early U.S. trading Tuesday, pressured by a firmer U.S. dollar index and weaker crude oil prices. A recent deterioration in the chart postures for gold and silver markets have prompted some new technical selling. April …
Read moreThere’s No Telling
Some haven demand today pushed gold higher along with a quietly softer U.S. dollar
Read moreGold Gets Modest Lift From Safe-Haven Demand, Corrective Bounce And Bullish Outside Markets
Gold prices ended the U.S. day session modestly higher Monday, on some safe-haven demand and by an upside technical correction following Friday’s strong losses that pushed prices to a three-week low.
Chinese Gold Demand Lackluster Despite Lower Prices, Looming New Year Festival
(Kitco News) – Despite the recent drop in gold prices, some analysts have noted that demand out of China has been relatively lackluster – especially ahead of what is considered one of the major gold events of the year.
Tahoe Resources To Acquire Rio Alto Mining
(Kitco News) – Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO) is set to acquire Rio Alto Mining Ltd. (TSX:RIO)(NYSE:RIOM) in a deal valued at more than C$1 billion.
DRC Government Worrying Mining Industry – DRC Chamber Of Mines
The Democratic Republic of Congo’s Chamber of Mines believes the recent “decision by the DRC’s Ministry of Mines to suspend consultations with the DRC’s mining industry about the country’s proposed new mining code, and to refer it in draft legislation form to parliament instead, poses a material threat to further investment.”