Gold Standard Ventures Corp. published its eagerly awaited maiden NI43-101 resource estimate for its 100% owned Pinion Deposit, which is located on the prolific Carlin Trend in Nevada. The results exceeded expectations of management and the market,
Harmony Gold Mining Co., South Africa’s third-largest producer of the metal, said it’s monitoring a potential merger between Barrick Gold Corp. and Newmont Mining Corp. for opportunities to buy discarded assets.
The dollar gold price drifted lower to $1,720 an ounce during Thursday morning's London session, around $10 down on the week, as stocks and the euro also drifted lower following the release of weak economic growth data from the euro zone.
The final trading session of the week opened higher in metals as participants continued to bet that Mr. Draghi’s words will translate into action and that the GDP numbers will be the final motivating factor for the Fed to take action next week.
After initial falls in Asia, gold traded sideways and then gradually ticked higher later in the Asian session and has seen further gains in European trading. Gold is currently set to finish the week marginally lower in dollar and sterling terms.