Home » Press Releases tagged ‘Tad Brooks

Barrick Gold Founder Talks Chinese Gold, Reports the China Mineral Company

February 22, 2010 | Author: | Posted in Banking & Investment

In a recent interview, Peter Munk, founder and chairman of the world’s largest gold miner, Barrick Gold, said that even now he is no “gold bug”, reports the China Mineral Company. A mystical belief in the metal’s value is irrelevant when it quite clearly rises and falls like anything else, he says. “Is there anywhere …

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Citigroup Cites China as Most Important Source of Demand for Gold, Reports the China Mineral Company

February 11, 2010 | Author: | Posted in Banking & Investment

Certain drivers of the gold price are long-established: U.S. dollar weakness, rising investment demand, producer de-hedging, and reduced central bank selling. Citigroup Global Markets analyst Alan Heap focuses on a different one: China. The China Mineral Company reports that Heap has labeled China the “most important source” of future demand growth in gold. Not all …

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China Mineral Company Reports: Gold Recovers Recent Losses

February 11, 2010 | Author: | Posted in Banking & Investment

Precious metals recovered on Monday and recouped some of last weeks losses, as investors jumped at the opportunity to by metals at lower prices, reports the China Mineral Company. February gold rose $13.50, or 1.3%, to settle at $1,065.70 an ounce on the Comex division of the New York Mercantile Exchange. Gold’s price is still …

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