The Federal Reservesomehow surprised traders with a hawkish rate cut this week.  While that had been expected, apparently theFed’s projected rate-cut trajectory slowed even more than feared.  So market reactions were violent, includingthe US dollar blasting higher unleashing heavy gold-futures selling.  This is the la...

The Federal Reservesomehow surprised traders with a hawkish rate cut this week.  While that had been expected, apparently theFed’s projected rate-cut trajectory slowed even more than feared.  So market reactions were violent, includingthe US dollar blasting higher unleashing heavy gold-futures selling.  This is the la...

How many hours of work would it take topurchase one ounce of gold? Now you’ll know. Interesting, right?The 1980 Peak StillReignsGold price truly peaked in the 1980,and while it moved to new nominal highs in 2011, this wasn’t the case in termsof how much one would have to work for it. In 2011, gold peaked slightly belowthe prev...

(TheNewswire)    PICKERING, Ontario – TheNewswire - Nov. 29, 2024 -- Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”), an active mineral exploration company engaged in the exploration and development of multi-commodity mineral properties in Canada, to...

(TheNewswire)    PICKERING, Ontario – TheNewswire - Nov. 29, 2024 -- Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”), an active mineral exploration company engaged in the exploration and development of multi-commodity mineral properties in Canada, to...

VANCOUVER, BC, Nov. 29, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act. PDF Version As a result of the exercise of stock options under Lundin Gold's equity com...

Video: Gold mining faces a cliff after 2025, CRU analyst predicts ...

22 hours ago ... Reserves will deplete, ore grades will decline and aging mines will close, CRU Consulting gold and base metals asset analyst Oliver Blagden told ...

Barrick Gold seeks arbitration over Mali gold mine dispute | Reuters

2 days ago ... Canadian miner Barrick Gold said on Wednesday it had submitted an arbitration request to the International Centre for Settlement of ...

Catholic church calls on president of El Salvador not to lift ban on ...

Dec 1, 2024 ... At that point, exploration had revealed deposits of gold and silver, but there was no large-scale metal mining. It's unclear what its gold ...

Market Report: Trying to break out

By Alasdair MacleodApart from some minor profit-taking over the last two days of this week (into early European trade this morning - Friday) the undertone in precious metals has been remarkably positive. The strength appears to be emanating from the US, given the trading pattern is caution in the European time zone, followed by firmer markets in the US. This is therefore Comex driven, and there is plenty of action to report, given markets were shut on Monday for a public holiday, which failed to dent turnover earlier in the week.At the time of writing (03.00 EST, 0700GMT) gold was down $6 from last Friday's close at $1261, and silver down 17 cents at $17.18. The next chart puts the current consolidation, which is 12 trading sessions old, into a technical perspective.Gold's consolidation...

5 Things You Need to Know from Last Week (Look What Gold Just Did!)

By Frank HolmesIt was a whirlwind week. After attending two big conferences, I landed in Vancouver Friday where I presented at the International Metal Writers Conference. Markets continued to close at record highs, even as political uncertainty remained and the threat of terrorism loomed large over Western nations. Last Monday, gold flashed a bullish signal we haven't seen in over a year.There's much to talk about! Below are five things you need to know from the week now behind us.1. Quants Now Control Wall StreetA special report by the Wall Street Journal last week confirmed what I've been saying for a while: Wall Street is now run by the quantitative analysts, or quants. Numbered are the days when traders and fund managers picked stocks on gut instinct. Today, a decision is made only a...

SWOT Analysis: Deutsche Bank Says Investors Should Prepare for Flight to Gold

By Frank HolmesStrengthsThe best-performing precious metal for the week was palladium, up 4.18 percent. Bloomberg reports that rising automobile demand may be sending palladium futures toward the steepest rally since April 20.Bloomberg's weekly poll of traders and analysts show the trending heading toward bullishness, with 10 bullish, five bearish and four neutral. Analysts point to concerns over terrorism, probes into President Donald Trump's links to Russia and doubts that the Federal Reserve will raise rates in June, as factors that may spur investors to choose gold.China's gold demand in 2017 is still the strongest in four years, reports Bloomberg. Although higher prices have deterred some buyers, dropping gold purchases from 15-month highs, the World Gold Council (WGC) sees demand g...