Eldorado Gold to Buy Foran Mining for About C$3.8 Billion
Eldorado Gold agreed to acquire Foran Mining for approximately 3.8 billion Canadian dollars, or US$2.79 billion, including debt.
Gold sell-off did not derail Deutsche Bank's bullish $6,000 target
Deutsche Bank reiterated its bullish stance on gold and maintained a long-term price target of $6,000 per ounce following last week's sharp correction in precious metals. The bank did not assign a formal recommendation but restated its positive outlook and confirmed that neither its target nor its underlying assumptions had changed.
Gold, silver and copper sell-off deepens
Shares in mining companies led the falls in London on Monday, as gold, silver, copper and other commodities resumed the meltdown that began last week, just a day after the metals had reached record highs. The spot price of gold dropped to $4,649.9 an ounce, another 4.9% drop on the day, and silver slumped 7.6% to $78.18/oz.
Gold now down nearly $1,000 from peak as silver struggles following record 31% slump
A volatile day is setting up for precious and base metals on Monday with silver and China selling in focus.
Gold Falls as Markets Further Price in Warsh-Led Fed
Gold is lower in the morning Asian session as markets further price in a Fed led by Kevin Warsh.
Gold, Silver Prices Dropped. Why Analysts Aren't Panicking.
Silver Trust's price on Friday dropped by the largest percentage decline on record, according to Dow Jones Market Data.
Stocks slide and gold fever fades as investors weigh Trump's Fed pick
Financial markets are churning on Friday as investors try to figure out what President Donald Trump's new nominee to lead the Federal Reserve will mean for interest rates. The initial reactions were uneasy because of the uncertainty.
‘Bearish engulfing' patterns are warning you: Don't buy the dip in gold-miner stocks
A bearish technical pattern that appeared in a widely traded gold-mining ETF, as well as in Newmont's stock, is warning investors to think twice before buying the dip.
Wall Street entertains every possibility after gold's wild ride, Main Street maintains its bullish bias despite new Fed head
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Don't panic: Analysts see gold and silver's sell-off as a healthy correction
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold, silver selloff was inevitable after January's explosive rally, but broader trend remains intact
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold may be overbought, but it will keep trending higher overall: Al Ramz Capital
Amer Halawi, head of research at Al Ramz Capital, talks about the recent rally in gold, and where it could go from here.
