|Day's Range||1,404.50 - 1,418.90|
Gold investing can be a hedge in uncertain times. Here are some keys when deciding whether, when and how to buy gold stocks or a gold ETF.
SAO PAULO/Brasilia (Reuters) - Belo Sun Mining Corp said on Friday it had won a legal victory in its push to mine the country's largest undeveloped gold deposit in the Amazon rainforest, which has drawn criticism from environmentalists and indigenous advocates. Felicio Pontes, a federal prosecutor on the case, said the appeals court had merely rejected a request for a preliminary judgment and the merits of the case have yet to be judged. Belo Sun said in its statement that the appeals court ruling indicated that the state of Para was the appropriate authority to grant an environmental license for the project.
Belo Sun Mining Corp said on Friday that it had won a key legal victory in its push to build a gold mine in the Amazon rainforest, which has drawn criticism from environmentalists and indigenous advocates. The Canadian miner has already received state licensing for the project, adjacent to the massive Belo Monte hydroelectric dam on a tributary of the Amazon river. Belo Sun shares rose 4% on the Toronto stock exchange in early Friday trading.
Investing.com - Gold prices moved higher Friday, easily shaking off a stronger-than-expected reading for producer price inflation in June.
An advocacy group is testing out the idea that the combination of bitcoin and orbital communication can help fight news censorship.
Canada's main stock index fell on Thursday, as shares of precious metal miners dropped after gold prices fell on a strong reading of inflation in the United States. * At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 17.37 points, or 0.1%, at 16,545.92. * The energy sector climbed 0.2% after oil prices hit a six-week high as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
The metal gained 1.5% in the previous session. U.S. gold futures jumped 0.6% to $1,421.60 an ounce. "Powell's testimony last night is giving gold a significant lift, with the market taking an indication that there is going to be a rate cut of 25 basis points coming soon," said Ross Norman, chief executive at bullion dealer Sharps Pixley.
Investing.com - Gold rose on Thursday in Asia after the U.S. Federal Reserve indicated that it’s preparing to cut interest rates despite a strong U.S. jobs report released last week.
“Mockamole” and other avocado-less versions of guacamole could become more common if the US starts a trade war with Mexico.
Canada's main stock index rose on Wednesday, as the Bank of Canada held interest rates steady and raised its second-quarter growth forecast as expected, while highlighting the risks that trade wars posed to the global economy. * At 10:06 a.m. ET (1406 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was up 88.19 points, or 0.53%, at 16,633.4. * The Canadian central bank, which has sat on the sidelines since last October amid an economic slowdown, maintained its key overnight rate at 1.75% and made no mention of future rate moves.
Powell said concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Fed intended to "act as appropriate" to sustain a decade-long expansion. U.S. gold futures for August delivery rose 0.9% to $1,413.30 per ounce. Powell's comments on trade war adding uncertainties in the U.S. economy left doors open for a rate cut, giving investors an opportunity to buy gold when it was seeking a support," said Michael Matousek, head trader at U.S. Global Investors.
Investing.com - Gold prices were set to fall for a fourth straight session on Wednesday in Asia as traders continued to dial back expectations of aggressive interest rate cuts.
Based on a review by independent technical consultant SRK Consulting, Acacia is worth 271 pence per share under a "preferred-value" scenario, with a range of 203 pence to 281 pence per share under low- and high-value scenarios, the London-listed miner said in a statement. Barrick on May 21 had offered 0.153 of its own shares to acquire the 36.1% of Acacia it does not already own. "271p is the absolute minimum the minorities will accept," a minority shareholder in Acacia told Reuters.
Canada's main stock index fell for the third straight session on Tuesday, with the materials sector leading the declines as gold prices eased to a one-week low. * At 9:34 a.m. ET (1334 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 31.8 points, or 0.19%, at 16,431.15. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.4%, the most on the TSX.