Gold Climbs Back After Weak Jobs Report

Source: The Street, Joe Deaux (7/9/12)

"Gold prices were trading slightly higher Monday as investors continued to let the dust settle from Friday's labor report. 'Prices have firmed a little bit and sentiment seems to be improving,' said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital."

The Street, Joe Deaux

Gold prices were trading slightly higher Monday as investors continued to let the dust settle from Friday's labor report.

Gold for August delivery was climbing $8.30 to $1,587.20/ounce at the COMEX division of the New York Mercantile Exchange. The gold price traded as high as $1,589.90 and as low as $1,576/ounce, while the spot price was up $4.40, according to Kitco's gold index.

"Prices have firmed a little bit and sentiment seems to be improving," said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital. "Last week's employment numbers continue to paint the picture of a weak economy and that realization is sinking in gradually, leaving more traders and speculators to expect some form of [Federal Reserve] easing." . . .View Full Article

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.

Franco Will Increase Production Without Cobre Panama
Source: Adrian Day (04/17/2024)

Global Analyst Adrian Day looks at first-quarter results from three resource companies, as well as recaps Francos annual "investor day." Overall, he believes the results were positive.