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Additional Information
Market: .
Sector: Gold Mining
Epic: GOLD
News: Latest news
Web Site: Gold
Other Articles: 08-07-201022-06-201018-06-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Gold

Gold

Gold is a chemical element with the symbol Au and the currency code is XAU. It is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewelry. The metal occurs as nuggets or grains in rocks, underground "veins" and in alluvial deposits. Modern industrial uses include dentistry and electronics, where gold has traditionally found use because of its good resistance to oxidative corrosion.
Wednesday, March 17, 2010

Gold, silver and platinum give up early gains

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Gold stabilised at about US$1,125/oz after reaching US$1,133/oz on weakness in the US dollar, which declined on the Federal Reserve’s decision to leave the interest rates at the current ultra low levels of 0% to 0.25%.

The Fed said on Tuesday that the strength of the ongoing economic recovery did not warrant a rate increase, while inflation was likely to stay at a low level, while the US job market was slow to recover.

This was in line with the Fed’s repeated pledge to keep the rates exceptionally low for an extended period of time.

Gold is seen as a hedge against inflation and a riskier alternative to the safe haven US dollar. The yellow metal normally moves inversely to the greenback, which fell against other major currencies following the Fed’s policy meeting.

Gold has been on the rise so far this week, climbing from US$1,100/oz as the euro firmed against the US dollar on easing concerns over the ongoing debt crisis in several euro zone countries including Greece and Portugal.

Other precious metals also gave up initial gains with silver sliding to US$17.42/oz, while platinum declined to US$1,631/oz.

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