The U.S., Japan and the European Union have filed an official complaint at the World Trade Organization this morning, urging the body to take actions against China’s restrictions on these metals. President Obama warned China that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."
Mining companies in Peru invested US$7.2 billion in 2011, 77% more than in 2010, Mines and Energy Ministry (MEM) reports.
Canada’s Gabriel Resources Ltd. (TSX:GBU) became the centre of attention this morning as an important figure of Romania's 1989 revolution, MEP Laszlo Tokes, left his party on Monday over Rosia Montana, a debated gold mine project in north-western Romania.
Bloomberg's weekly survey of gold traders shows they are the most bullish since November 11 with 16 out of 23 predicting that the precious metal will gain this week after investors up their holdings of bullion backed funds to a record $131 billion.
After two days of consecutive gains, gold and silver briefly dipped into the red after Friday’s job report.
After a volatile trading day which saw gold move within a $40 range, the precious metal ended the week firmly above the $1,700 an ounce level.
Gold fell abruptly this morning, pushed by a rising dollar after data showed the U.S. economy created more jobs than expected over the last three months, decreasing prospects the Federal Reserve will keep interest rates low for an extended period.
Despite a healthy economic growth, Canada’s economy lost 2,800 jobs in February, with at least 18% of those positions belonging to the mining sector.
The all important U.S. jobs report is out on Friday, and Business Insider has gone out on a limb and predicts that the numbers will knock the doors off.
Chilean state giant Codelco, the world's biggest copper producer, plans to invest over US$4.3 billion this year, said the company’s president Diego Hernandez said on Tuesday