LATEST NEWS: 6 reasons to be bullish on gold

Despite gold prices rising as high as US$1,380 in mid-March, the precious metal hasn’t exactly been a good place to be in 2014. After starting the year around US$1,200, spot prices are essentially flat. However, here are some reasons to be optimistic about gold’s prospects in 2015, according to analysts at RBC Capital Markets. continue […]

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LATEST NEWS : Goldcorp CEO Jeannes Sees "Peak Gold" in Sector This Year or Next

Miners have reached “peak gold,” in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world’s largest gold miner by market capitalization.   continue reading at online.wsj.com

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European Central Banks May End Restrictions on Gold Sales

FRANKFURT—European central banks may end a 15-year-old restriction on sales of their gold holdings this year, a top German central banker said. “The negotiations are still ongoing,” Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent interview with The Wall Street Journal. “No one can see into the future, and therefore it is currently […]

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China Buys, Produces Record Amounts of Gold

BEIJING—China’s output and consumption of gold rose to record levels last year, entrenching the country’s position as the world’s largest producer and an opportunistic buyer of bargain-price commodities. The unprecedented level of Chinese purchases came as prices of the precious metal tumbled 28% to end the year at $1,205.99 an ounce, its lowest level since […]

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