Gold Higher in London Morning Trade on Dollar, Oil-Related Buying

Source: Platts (London) (10/11/07)

"Short-term gold is likely to see further consolidation. However the metal appears to have established a base above $720/oz and with the market now in the strongest period for physical demand further weakness will be limited," analyst James Moore said, adding that Bulliondesk.com expected gold to challenge the $800/oz level before year-end...

Gold was indicated higher in London morning trade on Thursday, up on the back of a weak dollar and oil-related buying, a UK-based analyst said.

Spot bullion was bid at $746.55-747.05/oz at 0816 GMT on Thursday morning, gaining from its late New York spot price at $741.00/oz and from its Wednesday afternoon fix in London at $741.25/oz.

Bulliondesk.com analyst James Moore said in a morning report Thursday that the precious metals remained in positive territory "as dollar weakness and firm oil prices trigger pockets of buying."

..."Short-term gold is likely to see further consolidation. However the metal appears to have established a base above $720/oz and with the market now in the strongest period for physical demand further weakness will be limited," he said, adding that Bulliondesk.com expected gold to challenge the $800/oz level before year-end as investors continued factoring safe-haven assets into their portfolios, with an initial target of $765/oz.

Announcing Streetwise Live! Events
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."