Tag Archives: gold prices
PRECIOUS-Gold contains around $ 1,745 as Greece buys more time
Gold prices have remained stable around $ 1,745 per ounce on Wednesday as investors waited with
care for Greece to come to a deal to grind on a rescue package it badly needs after missing a series of deadlines. Athens investor patience tested again on Tuesday by delaying a decision on whether to accept cuts and reform measures in exchange for a € 130 billion (172 billion U.S. dollars) bailout from the IMF and the EU. (more…)
Gold falls 1 percent on jobs, small posts weekly loss
Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after U.S. payrolls data Encouraging smashed hopes of additional stimulus from the Federal Reserve, All All which had put into overpriced bullion’s recent rally. Wall Street and industrial commodities plus U.S. Treasury yields, an indicator of short-term interest rates, all rose on news the U.S. economy created jobs in January at the fastest pace in nine months. (more…)
Gold at U.S. $ 2,000 still seen as an opportunity
While the U.S. $ 2,000 gold seems a way from the current level of about $ 1,600 per ounce, the majority of the miners see the precious metal hit that key level sometime next year.Fit for a queen: Czech artist Lubos Charvat beaten with a new 10,000 New Zealand dollar gold coin investment. One side of the coin is stamped with a picture of Anne of Bohemia, who later became Queen of England. A new PricewaterhouseCoopers (PwC) survey says 80% of the gold mining executives expect the price of gold continued to increase in 2012 only 6% expect a decline during the year. (more…)
Gold mines see Action prices are rising, Chitradurga Hutti mine to reopen
As gold prices soar to all-time highs, companies on the verge of mines that were abandoned for various reasons to reopen. India’s only Gold Miner Hutti Gold Mines is reopened closed my Chitradurga after a gap of six years, because at current prices, even these low-grade ore is viable. Others like Hindalco who dig gold mine when they are ready for an unexpected buyer Diwali bonanza out of the yellow metal. “We plan our mine in Chitradurga not been used for the past six years, reflecting the rise in gold prices to revive,” said ML Patil, director of Hutti Gold Mines, a public company. (more…)
Gold falls in equities and fixed the eurozone talks
Gold fell for the third consecutive session on Wednesday, moving back along with riskier assets, such as nervous investors sold on a lack of progress in the euro zone debt talks and an uncertain U.S. economic outlook. Bullion followed Wall Street lower after French President Nicolas Sarkozy said the plans for Europe’s debt crisis are stuck with Paris and Berlin at odds over how the firepower of the bailout fund raising region. Moody’s sovereign credit rating downgrade in Spain also weighed. (more…)
Gold locks in gains on EU Banking Plan
Gold Prices cemented their profits after European officials unveiled a plan to recapitalize banks in the region, calming fears about the spread of sovereign debt problems. The contract for October delivery settled $ 21.60, or 1.3%, higher at $ 1,681.30 a troy ounce on the Comex division of the New York Mercantile Exchange. The contract was the highest settlement in nearly two weeks. (more…)
