Belo Sun’s Volta Grande Feasibility Study Should Draw Investors Back – CIBC
Belo Sun Mining Corp.’s (TSX:BSX) feasibility study of its Brazil-based Volta Grande project should turn some favorable looks at the company, as it betters the Preliminary Economic Assessment (PEA) put out in early 2014, analysts at CIBC say.
Gold Extends Early Gains, Pushes Above $1,200
(Kitco News) – Gold prices are trading solidly higher and have pushed above the key $1,200.00 level in late-morning dealings Wednesday. Some weak U.S. economic data reported in the morning has weakened the U.S. dollar index and in turn has prompted more short covering and bargain hunting in gold and silver markets. A lower U.S. stock market Wednesday is also working in favor of the precious metals market bulls. June Comex gold was last up $19.40 at $1,202.50.
ISM Manufacturing Index Falls To 51.5% In March
(Kitco News) – The U.S. manufacturing sector barely remained in expansion territory in March as the sector has been steadily losing momentum since the start of the year, according to the latest data from the Institute for Supply Management (ISM).
Read moreThe Gold Bear Market Trough In Sight – Metals Focus
Despite being ‘cautiously pessimistic’ towards gold in the short term, one research firm said the end of the yellow metal’s bear market may be in sight.
Gold Up on Short Covering, Bargain Hunting, ADP Jobs Miss
Gold prices are higher in early U.S. trading Wednesday, supported on short covering in the futures market and bargain hunting on the spot (cash) market.
Read moreADP Shows 189K Private Sector Jobs Created In March
(Kitco News) – U.S. companies further slowed the pace of hiring in March, falling below 200,000 jobs, according to the latest employment data released by payrolls processor ADP Wednesday.
LBMA Reports Subdued Gold, Silver Trading Activity In February
(Kitco News) – Trading activity in the gold market dropped significantly in February, according to the latest trade data from the London Bullion Market Association (LBMA).
Read moreGold Ends Modestly Lower, Pressured by Rebounding U.S. Dollar Index
Gold prices ended the U.S. day session modestly lower Monday. Early gains gave way to selling pressure at mid-morning as the U.S. dollar index pushed higher and to its daily high.
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