(Reuters) – Gold futures price was lower on Tuesday by $2.70 at $1,335.10, a few dollars away from 4-months high seen in the previous session. Investors wait U.S. economic data due to be released later … Continue reading
(Kitco News) – Barrick Gold, arguable largest gold mining company, lost $2.83 billion in 2013 Q4, and reduced its gold reserves by 26% due to lower gold prices. Barrick Gold (ABX) lost $2.61 per share, … Continue reading
(Reuters) – The Canadian gold mining company, Kinross Gold Corp, cuts its gold reserves by 33% after a “rigorous” review of mining plans and reduced Q4 net losses than the previous year’s Q4. Kinross unmined … Continue reading
(Reuters) - Africa’s peak bullion manufacturer AngloGold Ashanti is selling its Namibian unit for $110 million to personal mining group QKR, it said on Monday, the disposal being part of an improved propel to rationalize … Continue reading
(Reuters) - China’s gold utilization leapt 41% in 2013 to exceed 1,000 tonnes for the first time, an industry body said on Monday, as a sharp slide in prices captivated purchasers for jewelry and bullion. … Continue reading
(Reuters) - Gold increased on Monday after a feeble U.S. jobs report last week increased inquiries over financial recovery, which could possibly slow the stride of the Federal Reserve’s stimulus tapering. Attention this week will … Continue reading
(Reuters) – Underground fire caused by an earthquake and rock-fall in Doornkop gold mine west Johannesburg, owned by Harmony Gold, trapped 17 miner, 8 were rescued and 9 still unaccounted for. An earthquake of 2.4 … Continue reading
(Reuters) – gold price held firm on Wednesday morning due to inflows in gold-backed funds this month and uncertainty of U.S. jobs data due to be released on Friday. Lack of Asian demand on physical … Continue reading
(Bloomberg) - Hedge capital increased bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil increased concern the international finances will slow and advanced demand for precious metals as a … Continue reading
Mumbai, India - The household jewelry part in the country is described to be opposite critical shortage of gold. The taut constrains of gold trades encompassing the high levy on gold import by nominated bureaus … Continue reading