Articles by simon yao

  • Gold Set For Big Weekly Drop On Deflation FearGold Set For Big Weekly Drop On Deflation Fear

    June 22 2012 3:20 PM

    Gold inched up on Friday the day after a sharp sell-off, but the precious metal was virtually flat for the year to date and on track for a weekly decline of nearly 4 percent on mounting worries about the global economy.

  • Russian Gold/Forex Reserves Decline To $512.2 BillionRussian Gold/Forex Reserves Decline To $512.2 Billion

    June 21 2012 10:39 AM

    Russia's gold and foreign exchange reserves declined to $512.2 billion in the week to June 15 from $512.4 billion a week earlier, central bank data showed on Thursday.

  • Yukon-Nevada Gold CEO ResignsYukon-Nevada Gold CEO Resigns

    June 21 2012 10:36 AM

    Yukon-Nevada Gold Corp, which is considering options including a sale of the company, said its chief executive officer, Robert Baldock, resigned.

  • Gold Prices Fall More Than 1 Percent As Fed DisappointsGold Prices Fall More Than 1 Percent As Fed Disappoints

    June 21 2012 10:32 AM

    Gold fell more than 1 percent on Thursday after the Federal Reserve disappointed gold bulls by failing to announce more aggressive monetary stimulus, lifting the dollar and bringing forward expectations for a rise in U.S. interest rates.

  • New FDIC Regulations May Create Massive Increase in Gold Demand

    June 20 2012 12:55 PM

    Federal Deposit Insurance Corporation regulators released a ?rulemaking notice? of proposed changes to capital requirements for banks under their supervision.

  • Gold Prices Ease On Caution Ahead Of Fed StatementGold Prices Ease On Caution Ahead Of Fed Statement

    June 20 2012 9:53 AM

    Gold dipped on Tuesday, with investors adopting a cautious stance ahead of a Federal Reserve policy statement later in the day as they weighed up the prospect of the bank outlining fresh measures to stimulate U.S. growth.

  • ECB-Gold Reserves Down By 1 Mln Euros In Week To June 15ECB-Gold Reserves Down By 1 Mln Euros In Week To June 15

    June 19 2012 3:07 PM

    Gold and gold receivables held by euro zone central banks fell by 1 million euros to 432.701 billion euros in the week ended June 15, the European Central Bank said on Tuesday.

  • Gold Down Before Fed Meets, Euro Worries SupportGold Down Before Fed Meets, Euro Worries Support

    June 19 2012 3:04 PM

    Gold prices fell on Tuesday for the first time in seven days as buyers stayed on the sidelines ahead of the U.S. Federal Reserve policy meeting, which could signal new monetary stimulus, a move that will likely power the metal's recent rally.

  • Wall Street falls on euro zone contagion fears

    June 18 2012 12:13 PM

    Stocks dipped in choppy trading on Monday as rising Spanish and Italian bond yields indicated increasing fear of euro zone debt crisis contagion despite a victory for pro-bailout parties in the Greek election on Sunday.

  • Oil falls below $96 as Greece optimism fades

    June 18 2012 12:11 PM

    Oil fell below $96 a barrel on Monday to the lowest level since February 2011, as a pro-bailout vote in Greece failed to ease fears about the euro zone, sending crude lower with the euro, stocks and other commodity markets.

  • Euro zone stocks sag as post-Greek vote rally dims

    June 18 2012 12:10 PM

    Euro zone stocks fell on Monday as renewed fears over the borrowing costs of Spain and Italy eclipsed initial relief over Greek election results that lessened the likelihood of an imm inent mes sy exit from the euro zone.

  • Greek Socialists yet to commit to new coalition

    June 18 2012 12:09 PM

    The leader of Greece's Socialist PASOK party called for the swift formation of a new coalition government but did not say whether he had agreed to join after talks with conservatives who won a pivotal election on Sunday.

  • Euro retreats from one-month high vs dollarEuro retreats from one-month high vs dollar

    June 18 2012 12:08 PM

    The euro fell from a one-month high against the dollar on Monday after four days of gains, as an election win for pro-bailout parties in Greece failed to ease worries about Spain's debt problems after borrowing costs surged to unsustainable levels.

  • Gold Snaps 6-day Winning Streak After Greek VoteGold Snaps 6-day Winning Streak After Greek Vote

    June 18 2012 12:03 PM

    Gold fell for the first time in seven sessions on Monday as the risk of a Greek exit from the euro zone subsided after parties backing a bailout for the country won an election, denting the metal's safe-haven appeal.

  • Not Much Gree-lief

    June 18 2012 11:55 AM

    Global stock markets moved higher in initial trading Monday on the news that Greek voters rebuffed the leftist anti-austerity party in favor of sticking with the Euro.

  • Amarc Resources Ltd. Updates Delineation Drilling At the Newton Gold Discovery

    June 18 2012 10:58 AM

    Amarc Resources Ltd. announces assay results from a further 20 delineation drill holes completed at the Newton gold discovery, south-central British Columbia.

  • Yamana Gold To Buy Extorre Gold For C$413 MillionYamana Gold To Buy Extorre Gold For C$413 Million

    June 18 2012 10:03 AM

    Yamana Gold Inc said it would buy Extorre Gold Mines Ltd for C$412.9 million ($403.44 million) in a cash-and-stock deal, to build its portfolio of high-grade gold and silver deposits in Argentina.

  • Gold Eases After Greek Vote, Caution UnderpinsGold Eases After Greek Vote, Caution Underpins

    June 18 2012 9:52 AM

    Gold prices eased for the first session in seven after a victory for pro-bailout parties in Greek elections dampened speculation the country was set to exit the euro zone, boosting interest in assets seen as higher risk at the precious metal's expense.

  • The Shape & Future of Indian Gold Demand ? Part 2/2

    June 15 2012 1:29 PM

    The Indian gold investor still has one weakness ?his understanding of the Rupee itself in pricing gold.

  • Gold Holds Above $1,620 An Ounce Ahead Of Greek VoteGold Holds Above $1,620 An Ounce Ahead Of Greek Vote

    June 15 2012 9:14 AM

    Gold prices were little changed on Friday as caution ahead of Greece's elections this weekend, which could determine its continued membership in the euro zone currency bloc, kept buyers on the sidelines.