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News
From Gold May 25, 2012 05:02 pm
Deeper Metals Price Falls Needed to Spark Closures
A rout in commodity markets has pushed prices of aluminum, zinc and nickel down to levels where many high-cost producers are starting to suffer, although the pain threshold may have to increase before widespread closures help balance markets.
From Gold May 25, 2012 03:58 pm
Precious Metals Pare Weekly Losses, XAU Inches Higher
Gold and silver futures advanced on Friday despite stability in the U.S. dollar, but nonetheless finished the week in negative territory.
From Gold May 25, 2012 04:00 pm
Ontario Forest Fire Halts Lake Shore Gold Mine
Lake Shore Gold Corp has halted operations at its Timmins West mine in northern Ontario, making the miner the latest to stop or curtail work because a spate of forest fires in the region.
From Gold May 25, 2012 07:15 am
Risk Aversion Continues to Weigh on Silver
Silver spent much of the week under pressure primarily from EU concerns, but managed gains on Thursday.
From Gold May 25, 2012 07:30 am
Gold Prices Weaken Following News from Europe and China
The price of gold has fallen about 1.2 percent during the week as concerns over the Eurozone debt crisis linger and China shows signs of weakness.
From Gold May 25, 2012 11:58 am
Agnico-Eagle CEO Sees $3,000 Gold amid Firm “Underpinning”
The latest gold mining executive to forecast a new record high for the price of gold was Sean Boyd, CEO of Agnico-Eagle Mines (AEM).
From Gold May 25, 2012 11:01 am
Mines Management Advances La Estrella Project
Mines Management (MGN) announced preparation measures, through its subsidiary Minera Montanore Peru SAC, for the upcoming exploration program at its La Estrella gold-silver project in central Peru.
From Gold May 25, 2012 10:32 am
Gold Prices Wait for “Bullish Momentum” to Arrive
GOLD PRICE NEWS – Gold prices advanced modestly Friday morning amid slight weakness in the U.S. dollar and moderate strength in the commodities complex.
From Gold May 25, 2012 10:09 am
Gold Rises on Firmer Euro, but Set for Weekly Fall
Gold prices rose back above $1,560 an ounce in Europe on Friday, snapping four sessions of losses, as the euro recovered from two-year lows against the dollar, though worries over the outlook for the euro zone kept investors on edge.
From Gold May 24, 2012 03:31 pm
Gold Stocks (GDX) Slide, Newmont Target Lowered
GOLD STOCKS NEWS – Gold stocks turned lower Thursday afternoon alongside precious metals, with the Market Vectors Gold Miners ETF (GDX) falling from an intra-day high of $45.
