GOLD NEWS

Xstrata's huge Tampakan copper-gold project threatened by continuing ban

Friday , 03 Dec 2010
Despite Federal attempt to reverse it, South Cotabo's open pit mining ban remains in place which could jeopardise Xstrata's Tampakan copper-gold project.

Indian gold traders in search of better bargains

Friday , 03 Dec 2010
Indian jewellers are not comfortable with current prices as they look to stock up ahead of the wedding season

Silver to average $30, Gold $1,400 in 2011 - GFMS

Friday , 03 Dec 2010
According to the metals consultancy, strong investment flows and industrial demand should contribute to the strength of gold and silver prices in 2011

Nepal lifts gold and silver imports ban with some restrictions

Friday , 03 Dec 2010
Nepal's commercial banks are back in the business of importing gold and silver to the consternation of the country's precious metals traders.

Andean Resources shareholders approve Goldcorp takeover scheme

Thursday , 02 Dec 2010
The proposed takeover of Andean Resources by Goldcorp will now go before the Australian Federal Court for final approval.

African Barrick Gold to build underground operation

Thursday , 02 Dec 2010
The gold miner says it is planning to build an underground operation beneath its existing open pits after finding more gold at its North Mara mine in Tanzania

Gold firms near three week highs

Thursday , 02 Dec 2010
Despite hopes that the European Central Bank and the US might step into to help the situation, fears about the euro zone's fiscal crisis remain, giving a boost to the yellow metal

Shangdong Gold says mined gold output to grow 18% in 2010

Thursday , 02 Dec 2010
The gold miner said that mined gold output will rise to 25 tonnes this year and production growth is likely to accelerate in coming years

Investment demand boosts Chinese gold imports 6-fold

Thursday , 02 Dec 2010
A rapidly growing appetite for gold among Chinese investors has pushed up China's gold imports dramatically in the first 10 months of the year

Continued Euro zone tensions push gold above $1,390

Wednesday , 01 Dec 2010
The price of gold hit record levels in euro and sterling terms as concerns about the spread of the euro zone debt crisis pushed investors towards the yellow metal

Central Bank gold sales remain muted

Wednesday , 01 Dec 2010
While IMF gold sales continue, albeit at a slower pace, the latest data from the WGC on CBGA3 indicates that central banks are not interested in selling gold.

India's gold benchmark futures hit record

Wednesday , 01 Dec 2010
Analysts expect the rise in the price of the yellow metal to continue, saying that gold will breach the 21,000 rupee level in coming sessions

Indonesian court deals serious blow to Newmont, Sumitomo in divestiture dispute

Wednesday , 01 Dec 2010
Indonesian miner Pukuafu--a dissident shareholder of the parent company operating the Batu Hijau mine--scored a victory to halt the sale of shares held by Newmont and Sumitomo in PTNNT.

Gold stands to gain as Europe's currency crisis continues

Tuesday , 30 Nov 2010
The currency crisis in the Eurozone is far from being resolved, and instead may even deteriorate.

Gold steady as investors watch Europe

Tuesday , 30 Nov 2010
Investors focused on the euro zone's progress in tackling its debt problems as well as the continued tensions in the Koreas for potential trading cues

New discoveries at Mercedes and Pilar could mean increased production - Yamana Gold

Tuesday , 30 Nov 2010
The mid-tier gold miner says new discoveries at both of its main development projects could mean increased production to levels above original estimates

IMF gold sales slow 40% in Oct

Tuesday , 30 Nov 2010
According to the IMF, the rate of selling its gold slowed by 40% in October when compared to the previous month.

India to consider hike in import duty on gold, silver

Tuesday , 30 Nov 2010
As prices of the two precious metals continue their upward trajectory, the Indian government is considering a larger customs duty

Kolar Gold Fields to shine again

Tuesday , 30 Nov 2010
Estimated to still have reserves of over 3 million tonnes, there are plans are afoot to revive the old gold mine that played an important part in the prosperity of the British Empire.

China approves country's first gold mutual fund

Monday , 29 Nov 2010
As inflation fears fuel demand for the yellow metal, China announced the approval of the country's first gold mutual fund

Gold firms on euro recovery

Monday , 29 Nov 2010
The euro recovered from two-month lows after the announcement of a rescue package for Ireland, which helped boost the price of the yellow metal

Very positive gold exploration results for African Barrick at Nyanzaga

Monday , 29 Nov 2010
African Barrick Gold reports some very encouraging results in infill and step-out drilling at its Nyanzaga project in Tanzania, which already has an inferred resource of 4.2 million ounces.

Asian jewellers spur gold prices

Sunday , 28 Nov 2010
The yellow metal rebounded on Monday, on the back of buying by Asian Jewellers but, commentators expect gains to be capped by a rally in the US doller

Social issues, corruption fears cloud Afghan gold mine development

Sunday , 28 Nov 2010
A proposed gold mining operation in Takhar province, northeastern Afghanistan, is generating local protests and raising wider socio-political issues.

Selling gold is "big mistake". Soros, Paulson, Touradji own 2088 tons

Friday , 26 Nov 2010
With three mega-investors holding, between them, as much gold as the USA produces in 10 years, the smart money is, for the moment at least, remaining invested in gold.