Tag: Golds

Cyanide Spill Detected Near Victoria Gold’s Eagle Mine in Yukon

(Bloomberg) — Canada’s Yukon Territory said elevated levels of cyanide were detected in a waterway near Victoria Gold Corp.’s Eagle Mine after an equipment failure and landslide at the site. Most Read from Bloomberg Yukon Mining Minister John Streicker told local media on Thursday that the heightened cyanide concentrations were detected in a creek near […]

US Inflation Eases Slightly; Gold’s Gains Resume

After mildly lower inflation and weaker advance GDP for the first quarter in the USA, there are some signs that the economy is cooling off. The dollar has taken a hit from recent releases in most of its pairs while gold has returned close to all-time highs. This article summarises recent news, data and expectations […]

China Is Front and Center of Gold’s Record-Breaking Rally

(Bloomberg) — Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Most Read from Bloomberg Worsening geopolitical tensions, including war in the Middle East and Ukraine, and the prospect of […]

Chinese Buying Set the Stage for Gold’s Latest Record Run

(Bloomberg) — This week’s gold rush may have been triggered by bets on the US Federal Reserve’s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Most Read from Bloomberg After months of mostly treading water, the gold market suddenly sprang to life last Friday. Prices breached […]