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Central Bank Buying Drives Up Gold Prices, Dart Says
1732206018 from BLOOMBERG
Goldman Sachs co-Head of Global Commodities Research Samantha Dart says central bank buying is driving up the price of gold. She sees gold prices hitting $3,000 an ounce by the end of 2025. She's on "Bloomberg Surveillance." (Source: Bloomberg)
China Strikes Gold: 300-Tonne Deposit Found in Central Province
1732205427 from GOLDSILVER
China has unearthed a massive gold deposit worth $83 billion in Hunan province. Geologists discovered over 40 gold veins containing 300 tonnes of gold within 2,000 meters depth at the Wangu gold field. This find could significantly boost China's gold production, which currently accounts for 10% of global output. The Hunan Academy of Geology predicts potential reserves exceeding 1,000 tonnes at depths beyond 3,000 meters.
Gold Shines as Tech Stocks Stumble: Four-Day Rally Continues
1732201749 from GOLDSILVER
Gold prices continued their upward trend for the fourth consecutive day, driven by increased safe-haven demand amid disappointing tech earnings and ongoing geopolitical tensions. Spot gold rose 0.6% to $2,665.31 per ounce, with bullion up 4% for the week. Analysts attribute the surge more to falling stock markets following Nvidia's underwhelming forecast than to the Ukraine-Russia conflict.
UBS Says Gold Is Better Hedge Than Bitcoin
1732184487 from BLOOMBERG
UBS Global Wealth Management chief investment officer Themis Themistocleous discusses the bitcoin rally and what it could mean from a portfolio investment perspective. Bitcoin is "very volatile" and other hedges "like gold" could prove to be "much more effective" and have "lower volatility," Themistocleous tells Bloomberg Television. "It's not an asset that we can recommend to our private clients." (Source: Bloomberg)
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project
1732172473 from FPOST
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company, is pleased to announce that it has publicly filed its detailed Technical Report (the “Technical Report”) of its updated preliminary economic analysis (“PEA”) and updated mineral resource estimate (“Mineral […]
GoldQuest Completes C$8.7 Million Private Placement
1732141755 from FPOST
VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) — GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to announce the successful completion of a non-brokered private placement (the “Private Placement”), raising gross proceeds of C$8,698,950.88 through the issuance of 45,783,952 common shares of the Company at a price of C$0.19 per share. Following […]
Rare coin issued after the California Gold Rush sold at auction for $1.4 million
1732123689 from FPOST
LOS ANGELES (AP) — Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away victorious after paying a hefty price. The gold piece — minted in Carson City, Nevada, in 1870 — sold […]
ZAMBESI GOLD TAKES ACTION TO PREVENT HUMAN TRAGEDIES
1732104021 from MINING
DORINGKRUIN, KLERKSDORP, SOUTH AFRICA, November 20, 2024 /EINPresswire.com/ -- Zambesi Gold has launched a groundbreaking Artisanal Miner Enrollment Program aimed at legalizing illegal mining activities and saving lives in the process. This bold …
Gold reserves of Kyrgyzstan exceed 4,000 tons, only 1,000 tons confirmed - Nature Ministry
1732064103 from C ASIA
Gold reserves of Kyrgyzstan exceed 4,000 tons, only … .COM - Gold reserves of Kyrgyzstan amount to more than 1 … ; Satybaldiev explained. He added that Kyrgyzstan has promising areas related to …
Miners’ Plights at FG Gold Mining
1732063557 from MINING
… Local miners of one of Africa’s large scale commercial Gold mining … violates Part XIX of the Mines and Minerals Development Act of … allegations against the FG Gold mining company intensifies, there is urgent … of Labour to visit the mining site to address what …
3 High-Potential Gold Mining Stocks to Hedge Against Inflation
1732057876 from MINING
… could consider fundamentally solid mining stocks Agnico Eagle Mines Limited (AEM), … fundamentals of the top three Miners – Gold stocks, starting with … stocks in the B-rated Miners – Gold industry. To check … stocks in the B-rated Miners – Gold industry. To check …
Golden Minerals Reports Third Quarter 2024 Financial Results
1732055191 from FPOST
GOLDEN, Colo. — Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) has today released financial results for the quarter ending September 30, 2024. (All figures are in approximate U.S. dollars.) Third Quarter Financial Summary The Company recorded no revenue related to gold and silver in doré, but recorded revenue […]
Here’s what bond and gold traders are signaling about Russia’s nuclear shift
1732050180 from MKTWATCH
Traditional flight-to-safety trades took off on Tuesday in response to the worsening conflict between Russia and Ukraine, but a closer look at the extent of the bond market’s moves and a rise in gold prices reveal traders were probably less rattled than initially thought.
Royal Gold Announces the 24th Consecutive Annual Increase in the Common Stock Dividend to $1.80 Per Share for 2025, a 12.5% Increase over the 2024 Dividend
1732047875 from FPOST
DENVER — Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its Board of Directors approved an increase in the Company’s annual calendar year common stock dividend of 12.5% from $1.60 to $1.80 per share, payable on a quarterly basis of $0.45 per share. […]
South Africa’s ANC government employs police blockade to trap illegal gold miners underground
1732046982 from MINING
… reformed gold mineshaft where illegal miners are trapped in Stilfontein, … miners, known as Zama Zamas (“take a chance”), at various mines … The decomposing body of one miner has been removed, sparking … in the country’s mining industry has had ramifications …
Visualizing the Gold-to-Oil Ratio (1946-2024)
1732046475 from OIL&GAS
… , indicating when gold or oil prices are significantly out of balance … (WTI) crude oil. WTI is a grade of crude oil and one … relatively expensive compared to WTI crude oil, and vice versa. This … energy in the form of crude oil, or periods of monetary …
Gold Price Forecast: XAU/USD remains propped up by geopolitics
1732037622 from FXSTREET
Persistent concerns in the geopolitical landscape encouraged market participants to increase their positions in the precious metal on turnaround Tuesday, a move that came in response to swelling effervescence in the Russia-Ukraine front and as a direct answer to bouts of demand for the safe haven universe.
Why Gold, Silver, and Copper Mining Dividend Stocks May Zoom in 2025
1732028346 from NICKEL
… mining products include bauxite, alumina, nickel, iron, and coal. The company … primary mines is the Nova Nickel-Copper Cobalt Project. Located in … ’s an underground copper and nickel mine and processing operation. B2Gold …
Swiss Gold Industry Wrestles with Transparency Demands
1732027459 from GOLDSILVER
Switzerland, a global hub for gold refining, is grappling with calls for greater transparency in its gold trade. Despite a court setback, industry groups are pushing for more rigorous due diligence and disclosure of supplier information. The move aims to address concerns about human rights violations and environmental damage in gold mining while maintaining Switzerland's competitive edge in the sector.
STATE STREET: 2024 Gold ETF Impact Study
1732026863 from GOLDSILVER
State Street's 2024 Gold ETF Impact Study reveals a surge in gold investment, driven by economic uncertainty. Gold ETFs emerge as a preferred investment vehicle, with a majority of investors using gold for diversification and long-term gains. The study emphasizes the potential for growth in gold ETF adoption, particularly among younger investors.
Gold Miners Enter the Bear's Den – Is It Time for a Contrarian Buy?
1732023955 from MINING
… according to that definition, gold miners, down 25% from its … so that gold and gold miners were getting very overbought … gold miners to better gauge what may be in store for miner … extended, with Gold and Gold Miners pushing deeply oversold conditions. Gold …
Gold and oil prices fall over strong dollar
1732021873 from OIL&GAS
… campaign and post-election. Oil prices fell over 2% on Friday … barrel, while West Texas Intermediate crude futures (WTI) fell by … were to escalate further. Oil prices also fell this week as … place from OPEC+. OPEC cut its forecast for global oil demand growth …
Gold price strengthens on fresh escalation in Russia-Ukraine war
1732021116 from FXSTREET
Gold price (XAU/USD) extends its recovery for a second consecutive day, trading around $2,635 in North American trading hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces.
Australian gold miner to pay Mali €152 million to free detained staff
1732020916 from MINING
… with tax and mining authorities. An Australian gold mining company has … employees earlier this month. Resolute Mining's CEO, Terence … s vital and foreign-dominated mining sector, which is increasingly … more income from foreign mining companies to shore up …
Australian Gold Mining Company to Pay $160 Million to Mali Over Tax Dispute
1732012695 from MINING
… crackdown on foreign-dominated mining operations. In a statement … tightened control over its mining industry since the military … September 2024, four Canadian mining giant Barrick Gold employees were … in its lucrative gold mining sector. Resolute’s settlement …