Russian Fund Plans a $1 Billion Mining Venture With 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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Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off

Gold Trades

Gold Silver Reports – Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off – Gold appears to be vulnerable to the whims of traders. After 11:10 a.m. in New York almost 40,000 contracts, each representing 100 ounces of the metal, traded in a span of 10 minutes, spurring a sell-off that sent prices down almost 1 percent.

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