Gold Articles
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361. Central [Bank] Conundrum
Following a day of thin trading during which they exhibited a bit of firmness, gold prices declined mildly in advance on Tuesday's US session as the dollar gained ground and despite fresh advances in crude oil. The metal remains
27 May 2008
362. Apex fatter gold resource inventory a positive sign for production
More than 18 months ago Apex Minerals NL completed project and plant acquisitions in traditional Western Australian camps as stepping stones to becoming an influential Australian gold producer. Today the company detailed its positive progress.
27 May 2008
363. RioZim's Renco gold mine resumes production
It appears that threats to expropriate gold mines which have ceased production because of difficulties in receiving payment for their product from the Central Bank have pushed RioZim to re-open its Renco gold mine – but at a reduced production rate.
27 May 2008
364. Gold Investments Market Update - Dubai First Quarter Gold Trade Jumps 73%
With markets in the U.S. and UK closed yesterday for U.S. Memorial Day and UK bank holiday, gold traded sideways in slow trade in Asia and Europe. Stock markets in Asia were positive overnight but European markets have come under pressure and the FTSE has given up its early morning gains to trade flat for the session so far.
27 May 2008
365. US dollar mostly higher in Europe
The U.S. dollar was mostly higher against other major currencies in European trading Tuesday. Gold was lower. The euro traded at $1.5760 down from $1.5772 it bought in trading late Monday.
27 May 2008
366. Gold struggling...
Today, gold saw an undersized change in its price reaching a high of $930.25 an ounce being supported by the strong increasing oil prices. But the gaining dollar is preventing the precious metal price to increase; having investors leaving the safe yellow asset to head to the green currency as the re...
27 May 2008
367. Fundamental analysis for precious metals gold - 5/27/2008
The shiny metal is still on the way to rise and shine again, yet it faces some strong resistances on the way now from 935 till 950, and if it is going to climb above those levels it needs to gather some more momentum, so the theory says gold prices should get back again to at least 919 or 910 to be ...
27 May 2008
368. DRDGOLD's mine attendance back up after violence
Mine attendance for DRDGOLD's workers at its ERPM mine in South Africa is back to normal, following the anti-immigrant violence of last week that left two DRDGOLD employees dead.
27 May 2008
369. US dollar mixed in Europe
The U.S. dollar was narrowly mixed Monday against other major currencies in European trading. Trading was subdued, however, as U.S. financial markets were closed for the Memorial Day holiday.
26 May 2008
370. Gold Investments Market Update
Gold was up 3% last week and silver surged nearly 8% and in normal circumstances profit taking would be expected in the early part of this week. But with oil remaining near record levels and inflation concerns increasing significantly, gold (and silver) may again surprise to the upside. Oil was up by 4.6% last week and is up another 1% today. Gold and silver will outperform oil in the coming weeks...
26 May 2008
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