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Gold

South Africa gold mines offer 4% wage hike
www.foxnews.com

JOHANNESBURG, Gauteng (AFP) – The gulf between South African gold mines and labour unions negotiating a new wage deal was brutally exposed Monday, with an initial industry offer of four percent falling far short of workers' demands. "The employers …

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History shows gold could fall another $500
www.cnbc.com

The price of gold could fall below $800 an ounce over a long-term horizon, a drop of some $500 from its current level of $1,294 an ounce, Duke University's Campbell Harvey told CNBC on Monday. Harvey, who works at Duke University's Fuqua School of …

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South African Gold Companies Offer 4% Wage Increase
online.wsj.com

JOHANNESBURG—South African gold-mining companies offered a 4% wage increase Monday to unions, far below the demands previously made by labor, ahead of wage talks that come after deadly clashes and strikes swept through the country's mining …

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PRECIOUS-Gold rebounds after US retail data weighs on dollar
www.reuters.com

LONDON, July 15 (Reuters) – Gold rebounded from earlier losses on Monday, as the dollar pared gains after weaker-than-expected U.S. retail sales could dampen prospects of a tapering in Federal Reserve stimulus. Gold reached a near three-week high …

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The Streets Are Paved With Gold (And Platinum)
www.forbes.com

One of the country's biggest street cleaning firms has announced it is to “mine” the sweepings it collects from roads and pavements, in search of gold and other precious metals. Veolia Environmental Services believes it can find at least £1 million …

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Technical Trading: Gold Bulls Eye $1300, 'Green Light' Level For Another Rally …
www.forbes.com

(Kitco News) – Mon July 15—While gold prices firmed overnight in Asia and European action, pre-New York trading has seen August Comex gold futures erase gains and push to slightly weaker levels, on the heels of a stronger U.S. dollar index. August …

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Treasure hunters discover gold coins reportedly worth around $250G buried off …
www.foxnews.com

A group of treasure hunters says they have found 48 gold coins reportedly worth hundreds of thousands of dollars buried in the sand in Florida's "Treasure Coast," where eleven Spanish ships laden with gold sank in 1715. WPTV reports Captain Greg Bounds …

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Gold futures erase gains as US dollar rises
www.marketwatch.com

A stronger U.S. dollar hindered gold's advance, with the ICE dollar index (NYE:DXY) rising to 83.447 from 82.997 late Friday. A rise in the greenback tends to hurt gold and other dollar-denominated commodities, as it makes them more expensive to …

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Gold Deliveries From Shanghai Bourse Jump on Physical Demand
www.bloomberg.com

Physical gold delivered to buyers by China's largest bullion bourse in the first half of this year almost matched the entire amount taken from its vaults in 2012, and was more than double the country's annual production. The Shanghai Gold Exchange …

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