(Reuters) - A gas blast has killed as many as 25 people in a gold mine in to the east Guinea, a inhabitant and a policeman source said on Thursday. The misfortune took location on … Continue reading
Mine Explosion in Guinea kills 25
Gold News
Goldman Sachs Expect Gold Price to lose 15%
Goldman Sachs Group Inc. expects commodities, especially gold, iron, copper and soybeans to prices to lose 15% of value in 2014. Downside risks for commodities are higher as the economic growth in the US accelerates. … Continue reading
Gold haven’t escaped 4-months low zone despite edging up on Thursday
Gold price was higher on Thursday but stayed close to a four-month low, fears that U.S. Federal Reserve might be able to start scaling back its Quantitative Easiness programme shortly was the main drive for … Continue reading
Gold Price Recovers to 31,320 rupees per 10 grams in India
Snapping from its two-day losing trend, gold was up by Rs 320 to reach Rs 31,820 per ten grams in the national capital of India on Wednesday. Fresh buying at existing lower levels for the … Continue reading
Gold Production Expected to Hit a Record High 2013
(Reuters) – This year gold mines yield is set to reach a record high, while gold bulls are let down for the 24% cost decline this year and they awaited production cuts. Some gold miners … Continue reading
Morning: Low Gold on Wednesday Awaiting Fed meeting for Clues
(Reuters) - Gold bordered smaller on Wednesday, failing to capitalize on dovish Federal Reserve’s remarks as investors awaited the issue of the minutes of the U.S. central bank’s principle gathering later in the meeting for … Continue reading
Bloomberg: UK FCA Starts Investigating Gold Benchmarks Rates Setting
(Bloomberg) – A source who asked to stay anonymous said the U.K. Financial Authority is reviewing gold benchmarks as part of a wider investigation on how global rates are set. The source asked to remain … Continue reading
China Increase its Gold Production Once More
(Reuters) – The world largest gold producer, China, increased its gold production again this year, 2013. Industrial website of China Gold Association said on Wednesday that the country produced 307.809 tonnes of gold from January … Continue reading
Gold Fields Ltd.: Increased Output and Lesser Cost in Q3
Gold Field Ltd. returned to report profits in the third quarter of 2013 by increasing production and reducing costs. The company had spun off most its mines in South Africa this year. The Johannesburg-based company … Continue reading
Colorado Gold Mine Accident Kills 2 Workers
The federal officials said: “On Sunday two miners were killed at southwestern Colorado gold mine”. The Mine Safety and Health administration said: The accident happened at about 7:30 a.m. at Star Mine Operations LLC’s Revenue … Continue reading