DJ: DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day
Newmont Sees Strong 2010 China Gold Demand
U.S.-based gold producer Newmont Mining Corp. ( NEM | Quote | Chart | News | PowerRating) said Monday that Chinese demand for gold bullion will remain strong this year, despite historically high prices for the metal.
STORIES OF INTEREST:
Avoca Resources CEO: Interested In Buying Frogs Leg Mine Stake
PERTH (Dow Jones)--Avoca Resources Ltd. (AVO.AU) said Monday it is interested in buying the 51% of the Frogs Leg gold mine that it didn't acquire through its recent takeover of Dioro Exploration NL.
South Africa 2009 Gold Production Falls 5.8% On Year-Industry
JOHANNESBURG (Dow Jones)--South Africa slipped down the rankings as a global gold producer last year, with output falling 5.8% on the year to 204,922.8 kilograms, the country's Chamber of Mines said Friday.
MARKETS:
PRECIOUS METALS: Comex Gold Pulls Back From $1,020 Area
NEW YORK (Dow Jones)--Gold futures fell Friday despite a markedly weaker U.S. dollar, as some of the risk premium from euro-zone debt fears left the metal and as it pulled back from an area of price resistance.
-By Elisabeth Behrmann, Dow Jones Newswires; +61 2 8272 4689; elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
03-15-10 0110ET
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