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News // Metal market

Oil prices dropped and gold price have risen

Gold rose in late trading on Friday after the Fitch cut of Spain's debt ratings forced gold investors to cover short positions before the holiday long weekend.

31 May 2010 , 09:39AIR20240

New gold refinery in Uganda to treat all the gold of Central Africa region

The first gold refinery in Uganda has opened in the capital, Kampala. The plant will refine gold from the Democratic Republic of Congo and other countries in the region, including Uganda which discovered gold last year.

19 May 2010 , 08:30BBC News55590

Russia may be soon associate to Mongolian government's uranium project

The government of Mongolia could soon decide on establishing a joint venture with Russia to develop a Mongolian uranium deposit, the head of the Russian civilian nuclear power corporation, Rosatom, said on Tuesday.

05 May 2010 , 09:23RIA Novosti31030

KazakhGold took control of Russian Polyus Gold

The Russian government commission on foreign investment approved on Tuesday a deal for the reverse takeover by Kazakh gold miner KazakhGold of its parent company Polyus Gold to boost stock liquidity.

14 April 2010 , 09:42RIA Novosti19920

$1 billion investment needed to launch giant East Siberian cooper deposit in 2011

The development of the East Siberian Udokan copper deposit, one of the largest in the world, will start in 2011.

15 March 2010 , 09:43RIA Novosti34320

Gold rises to more than $1 100 confronted to a weak dollar and waiting news from US economy

Gold rose above $1 100 on Thursday as the dollar fell versus the euro and commodities like oil and metals rose.

26 February 2010 , 18:32Business Report17770

New gold discovery in Mexico

A new gold discovery has been made at the Dos Mil Diez site at the Cordero project in Mexico, it has been reported.

18 February 2010 , 18:54World gold council16100

Increasing gold demand predicted for the whole 2010 year

There is set to be an increased investment demand for gold during the coming year, one expert has advised.

16 February 2010 , 18:21World gold council13410

Investors should keep their position on gold

Investors looking to play it safe in the current uneasy economic climate might be wise to maintain "a significant position in gold".

12 February 2010 , 16:44World gold council27050

Potential gold rush in Scotland

A potential gold rush could be about to take place at the foot of the Ben Lui mountain in the southern highlands of Scotland.

10 February 2010 , 15:33World gold council13210

Chinese gold consumers future world leaders

According to one expert, China is seen as a key market for gold industry.

05 February 2010 , 15:55Neftegaz.RU15240

Strongest one-day gold decline

Gold posted its biggest one-day loss since 2008 on Thursday.

05 February 2010 , 15:22Reuters14010

China still leading the world gold production with a 2009 prodigious result

The Chinese Gold Association reported the country is still the world's number one gold producer, setting a new record in 2009.

04 February 2010 , 17:55Dorothy KosichMineweb80080

Deep increase of the Russian gold production

The gold production of the Russian federation has increased, comparing with 2008, more than 11.2% to 205.2 tones last year.

03 February 2010 , 09:49Neftegaz.RU12140

Gold surges to record high, nears $1,220

Gold hit a record high above $1,210 an ounce on Wednesday, defying a stronger dollar as hedge funds and other institutional investors piled into bullion amid doubts about a nascent economic recovery.

04 December 2009 , 12:16Frank Tangbusiness.maktoob.com12750

World gold demand dips 9 percent

World gold demand fell 9 percent in the second quarter to 719.5 tonnes as rising prices ..

19 August 2009 , 12:37Jan Harveyeuroinvestor16510

Gold prices recover as dollar slips

Gold prices rebounded Monday, moving higher as the dollar

05 May 2009 , 14:54newsobserver12800

Gold prices dive as dollar jumps on because of flu scare

Gold prices retreated yesterday as the dollar showed strength against other major

28 April 2009 , 16:28businessday.co.za13980

Demand for gold & dollar jumps

Investors are seeking shelter in investments like gold and the dollar as stocks tumble on fresh concerns about soured loans at banks.

21 April 2009 , 11:44oilnews.com14200

Gold Price May Rise Above $1100, GFMS metals consultancy

The gold price may rise above 1,100 dollars an ounce in the coming months, GFMS said

10 April 2009 , 09:50Ksenia KochnevaAFP14060

Neftegaz.RU context