The Gold Report
Gold rose in Asia after the biggest decline in almost three weeks was seen as overdone by some investors. Silver gained.
Bullion lost 1.4 percent yesterday, the largest one-day drop since Oct. 2, as the dollar's rebound from a record against the euro reduced the precious metal's appeal as an alternative investment. The euro stabilized at $1.4197 at 10:48 a.m. Singapore time today, after losing 0.8 percent yesterday.
"Gold's move yesterday was a bit overdone," said Jonathan Barratt, managing director of Commodity Broking Services in Sydney. Demand for gold as an investment underpinned bullion at around the $746 level, he said.
Gold for immediate delivery gained as much as $3.70, or 0.5 percent, to $757.90 an ounce, before trading at $757.60 at 10:36 a.m. in Singapore. It fell to as low as $745.83 yesterday. Silver for immediate delivery gained 3 cents, or 0.3 percent, to $13.50 an ounce.
Notable Quotes
"PRB's discovery is important for Ontario because it changes the whole geological understanding of this part of Canada." (4/21/14) Probe Mines Limited - The Gold Report Interview with Willem Middelkoop and Terence van der Hout More >
"MND remains our preferred low-cost gold and silver producer." (4/15/14) Mandalay Resources Corp. - Duncan Hughes, RFC Ambrian More >
"PGLC is building a very nice gold resource." (4/14/14) Pershing Gold Corp. - The Gold Report Interview with Michael Berry More >
"GUY is loaded up in cash and gold." (4/10/14) Guyana Goldfields Inc. - Tickerscores More >
"TMM announced record Q1/14 production, a beat to our target." (4/9/14) Timmins Gold Corp. - Philip Ker, PI Financial More >
Gold Rises After Biggest Drop in Almost 3 Weeks; Silver Gains
Source: Bloomberg (10/23/07)
"Gold's move yesterday was a bit overdone," said Jonathan Barratt, managing director of Commodity Broking Services in Sydney. Demand for gold as an investment underpinned bullion at around the $746 level, he said.
More Experts
"ZC is well positioned to accelerate the growth of its asset base." (4/3/14) Zimtu Capital Corp. - Stephan Bogner, Rockstone Research Ltd. More >
"ICG's base-case PEA for Lamaque has a pretax IRR of 51%." (3/27/14) Integra Gold Corp. - Mike Bandrowski, Clarus Securities More >
"SVL's value proposition has returned with its share price decline." (3/25/14) SilverCrest Mines Inc. - Joe Reagor, ROTH Capital Partners More >
"We are resuming coverage on PLG following the close of its $20M financing." (4/2/14) Pilot Gold Inc. - Tara Hassan, Haywood Securities More >
"CGT is developing one of the most promising early-stage gold projects in South America." (4/2/14) Columbus Gold Corp. - The Gold Report Interview with Oliver Gross More >