Spot Gold in Hong Kong Spikes on Weaker Dollar

Source: Platts.com (10/8/07)

Spot gold prices in Hong Kong opened sharply higher yesterday at $741.50-742.00/oz, compared with Friday's close of $734.40-734.90/oz, supported by prolonged weakness in the US dollar, according to local traders.

Traders said the US dollar remained weak against the euro despite better than expected US payrolls data as the market believed that the strong US jobs report released on Friday was not enough to keep the Federal Reserve from cutting interest rates further...

"Gold prices in Hong Kong are higher this morning, following the stronger US close on Friday at around $741/oz," one Hong Kong-based trader said. "The US dollar remains weak, pressured by the increase in the unemployment number in the US," he added.

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Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."