Gold continues to plunge ahead of key U.S. jobs data
With prices having fallen nearly 2% so far this week, traders again took to the sidelines on Friday ahead of key payrolls data out of the U.S. later in the day.
With prices having fallen nearly 2% so far this week, traders again took to the sidelines on Friday ahead of key payrolls data out of the U.S. later in the day.
June gold contracts ended the holiday shortened week at $1,632 an ounce, but the end of Indian strike and disappointing news out on Friday – a day the markets were closed and could not react – about job growth in the US should provide stimulus for renewed interest in the yellow metal.
Able-bodied welfare recipients in southern British Columbia will receive moving and training assistance so they can fill jobs in Northern B.C.
SGS Canada Inc. received approval today to expand their Lakefield facilities with the construction of a new 41,000 square foot lab facility. Council for the Township of Smith-Ennismore-Lakefield approved the site plan agreement at their March 13th meeting. This allows the company to proceed with their growth plans.
BHP Billiton has confirmed that drivers will still be needed for new trains heading to its Pilbara operations. The confirmation comes after BHP awarded Downer EDI a $292 million five year contract to supply new locomotives to its iron ore operations.
The salaries that high school grads can pull in from mining has at least one Idaho teacher considering a mid-life career change.
The mining industry in Nevada is becoming a catalyst for an employment revival.
At least 146 employees of a Newton County aluminum extrusion plant will lose their jobs this summer when the facility is closed.
Statistics Canada reported Friday that of the jobs created in January 65% were in Alberta.
Gold futures eased Friday after better than expected US jobs data made further relaxation in Fed monetary policy, already very loose, less likely and money flowed into stocks.
The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.