The Gold Report
Gold retreated below 760 usd after rushing to a fresh 28-year high earlier as geopolitical tensions between Turkey and Kurdish rebels attracted safe haven buying and inflationary hedging against record oil prices.
Ankara is currently discussing military action in Iraq's autonomous Kurdish region, which it believes the separatist guerillas of the Kurdistan Workers' Party (PKK) are using as a base to launch raids against Turkish military and civilian targets.
The tensions have sparked fears that rebels may target key Middle East crude pipelines, pushing oil prices to fresh record levels in both London and New York and taking gold to multi-year highs.
Notable Quotes
"TMM is a favorite; it just had another record-breaking quarter." (5/24/13) Timmins Gold Corp. - The Gold Report Interview with Ivan Lo More >
"We are comfortable with CSI's ability to begin pouring gold by Q4/13." (5/16/13) Colossus Minerals Inc. - Joseph Fazzini, Dundee Securities More >
"BTO reported solid Q1/13 results; its balance sheet remains strong." (5/16/13) B2Gold Corp. - Morning Coffee More >
"The bankable feasibility study results on SGC's Asmara are positive." (5/16/13) Sunridge Gold Corp. - Adam Lucas, Ocean Equities More >
"Free cash flow at AR should be stronger in H2/13 as production ramps up at La Colorada." (5/15/13) Argonaut Gold Inc. - Christos Doulis, Stonecap Securities More >
Gold Retreats Back Below $760 US After Rushing to Fresh 28-Year High
Source: Thomson Financial (10/16/07)
Gold retreated below 760 usd after rushing to a fresh 28-year high earlier as geopolitical tensions between Turkey and Kurdish rebels attracted safe haven buying and inflationary hedging against record oil prices.
More Experts
"MND's Costerfield delivered another solid quarter across all metrics." (5/15/13) Mandalay Resources Corp. - Benjamin Asuncion, Haywood Securities More >
"We favor SVL as it continues in 2013 with strong production numbers." (5/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >