Barrick, Zijin Strike Up A Partnership In PNG
Giant gold producer Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Chinese diversified miner Zijin Mining Group Co. Ltd., have partnered up after the companies announced Zijin’s 50% acquisition of Barrick (Niugini) Ltd., which is the 95% owner of the Porgera joint venture gold mine in Papua New Guinea.
Speculators Increase Exposure To Gold – CFTC
According to the latest data from the Commodity Futures Trading Commission (CFTC), speculators increased their exposure to gold last week.
Read moreGold Struggling To Break Range, Headed Into Weakest Quarter – Barclays
As gold struggles to break its range, Barclays analysts say that the metal is headed into its hardest quarter yet.
Read moreAustralia Q1 Gold Production Dips; Lower Grade, Throughput – Surbiton
Australian gold production was lower in the first quarter of 2015, dropping 5 tonnes, or 7%, to 69 tonnes, according to a survey of the Australian gold mining industry by
Surbiton Associates Pty Ltd.
Barrick To Sell Cowal Mine For $550M
Barrick Gold Corp. (NYSE:ABX)(TSX:ABX) will sell its wholly owned Cowal mine, located in Australia, to mid-tier gold producer Evolution Mining Ltd. (ASX:EVN) for $550 million.
Read moreThe 6PM Recap With Gary Wagner: Economics Is The Jokey Science When It Comes To Gold
Everyone head for the bunkers. Pull down the metal shutters. The core CPI rose 0.3% in April, (although many would say it’s closer to 0.2% or even 0.1%).
Gold Market Remains Vulnerable To A Stronger U.S. Dollar – Analysts
Gold prices ended up Friday, just a few dollars off their weekly low, but managed to hold on to the $1,200 an ounce level as a stronger U.S. dollar and low liquidity in the marketplace created some week-end selling pressure, Friday.
Read moreMain Street Bearish On Gold While Wall Street Sees Higher Prices Next Week
Friday morning’s stronger than expected core inflation data helped drag down gold as talk of a possible July rate hike entered the marketplace.
Gold Slightly Up but Off Overnight Highs on Hotter Core CPI
Gold prices are slightly higher on a mild short-covering and bargain-hunting bounce Friday morning,
Read moreCore Pressures Rise 0.3% Outpacing Headline Inflation at 0.1% In April
Kitco News reports on the U.S. Consumer Price Index for April.
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