Commodity News

Global Gold Prices inch Down as US Rate Hike Looms

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Gold Prices

Gold Silver Reports – Global Gold Prices inch Down as US Rate Hike Looms – Gold edged lower on Thursday as upbeat US economic data bolstered the possibility of the Federal Reserve raising interest rates next month and beyond.

Glencore Is Close to Creating a Mining Royalty Company

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Mining Royalty Company

Gold Silver Reports – Glencore Is Close to Creating a Mining Royalty Company – Glencore Plc is close to finalizing a $700 million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter.

Russian Fund Plans a $1 Billion Mining Venture With China Gold

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China Gold

Gold Silver Reports – Russian Fund Plans a $1 Billion Mining Venture With China Gold – Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.

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