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Hedge funds increased bets on a gold rally by the most in three weeks as central banks signaled no end to economic stimulus, driving prices higher just as analysts and traders turned the most bearish in three years. The funds and other large speculators raised their net-longposition by 19 percent to 54,762 futures and options as [...]
Barrick Gold is considering suspending the Pascua Lama project or developing a smaller pit on the Argentinian side of the project, among other options, Barrick officials announced Wednesday. “At Pascua Lama, we are working to address the environmental and other regulatory requirements on the Chilean side of the project,” said Barrick CEO Jamie Sokalsky. “Concurrently, [...]
It appears that Comex gold has hit the nitro button as the commodity is moving higher on the Globex platform. The reason is attributed to bargain hunting subsequent to a drop in the previous session even as strong US Dollar and depleting ETF investor interest are set to cap the prices. But the pull from [...]
South Africa’s high cost gold producers have very little margin for output mishaps at price levels around $1,400 per ounce for the metal; a dilemma exacerbated by the limited number of options at their disposal to rightsize operations in a tense labour and political climate. Company results for the fourth quarter of 2012 show a [...]
Hedge funds increased bets on gold rallying after prices plunged the most in 33 years, underscoring billionaire John Paulson’s view that bullion will rebound. Fund managers and other speculators increased net-longpositions in gold by 9.8 percent to 61,579 futures and options in the week ended April 16, U.S. Commodity Futures Trading Commission data show. Investors turned bullish on [...]
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