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Gold News

Moderate Gold Prices in Kuwait, an Uptrend by Short Terms Witness

Arab-Gold-Souk

(Kitco) - Kuwait, a trading professional focusing in prized metals said on Sunday that gold charges in the medium and long periods have witnessed an upward tendency, noting that the present fluctuating prices represent base charges … Continue reading →

Posted in Gold News, News on December 8, 2013 by Moe Kamel

Gold Imports in Turkey Hits its Highest Record

Turkey Gold

Turkey’s gold imports have rushed to their largest on record so far with around 271 tonnes of gold trade in the first 11 months of the year, Anadolu Agency described. Data from Borsa Istanbul showed, … Continue reading →

Posted in Gold News, News on December 8, 2013 by Moe Kamel

Gold Imports in Indian Shown at Half

India-Gold

Indian gold traders may drop 70% in the last quarter of 2013 from 255 tons in the year-ago time span and are anticipated to be half common grades at 500-550 tons next year if new … Continue reading →

Posted in Gold News, News on December 8, 2013 by Moe Kamel

South Africa’s Harmony Gold Mining Ordered Paying for Pollution

Gold-Price-Prediction-

(Bloomberg) - Harmony Gold Mining Co. (HAR), Africa’s third-largest manufacturer of the yellow metal, should pay to clean up water pollution beside mines west of Johannesburg even after trading the land five years before, South … Continue reading →

Posted in Gold News, News on December 5, 2013 by Moe Kamel

Morning: Gold Lower When Short-Covering Rallied, Worries on Tapering

gold-bars-and-us-dollar-bills

(Reuters) - On Thursday gold lower following a short-covering rally in the preceding session, weighed down by concerns the U.S. government book could shortly begin tapering its monetary stimulus on powerful economic data. Bullion charges … Continue reading →

Posted in Gold News, News on December 5, 2013 by Moe Kamel

Gold Smugglers Overtake Narcotics Smugglers in India

gold billions

(Reuters) - Indian gold smugglers are adopting the procedures of pharmaceutical couriers to avoid a government curb on imports of the yellow metal, storing gold in imported vehicles and even using mules that swallow nuggets … Continue reading →

Posted in Gold News, News on December 4, 2013 by Moe Kamel

Hummingbird Targets $200 Million to Construct Liberia Gold Mine

Hummingbird

(Bloomberg) - Hummingbird Resources Plc, proprietor of gold exploration licenses in Liberia, is seeking about $200 million to construct a mine to start production in 2015. The business, which is due to entire feasibility studies next … Continue reading →

Posted in Gold News, News on December 4, 2013 by Moe Kamel

Asset Manager Goodman to be Hired by Barrick Gold as Director

Barrick Gold Corporation

(Reuters) - Barrick Gold Corp. will title Ned Goodman, a veteran Canadian cash supervisor, as a director and appoint James Gowans, a previous De Beers Canada chief boss, as its new head operating agent, Dow … Continue reading →

Posted in Gold News, News on December 4, 2013 by Moe Kamel

Morning: Gold Hits a 5-Month Low on Tapering Worries, U.S. Data Awaited

Gold Price

(Reuters) - On Wednesday, gold strike a new 5-month reduced as investors waited for more U.S. economic data due subsequent this week to measure the outlook for government Reserve bond purchases that have increased bullion’s … Continue reading →

Posted in Gold News, News on December 4, 2013 by Moe Kamel

JPMorgan and Goldman Sachs forced to modify their capital plans

money

JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), the world’s biggest swapping companies, had their revised capital designs for 2013 unblocked by the government book yesterday, a month before next year’s submissions … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel
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