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Latest Australia Gold News

  • ASX: Shares break six-day losing streak 6 Jul 2008 19:55 GMT
    ... value,'' Mr Vaughan said. Commonwealth Bank of Australia was up 98 cents to $42.33, National Australia ... Insurance Australia Group Ltd (IAG) could soon announce writedowns from its UK operations of up ... down debt. At 4.27pm AEST the spot price of gold was $US934.45, down $US10.45 from last night's ...

  • China gold demand set to rise further 6 Jul 2008 17:15 GMT
    ... the world's biggest producers and consumers of gold. GFMS, the world's leading precious metal consultancy, ... new book features broad coverage of the gold market in the country. According to the GFMS ... GFMS report, 2006 saw China edge out Australia to become the world's third largest producer ...

  • Crude hits record above $146; copper at historic peak 6 Jul 2008 06:52 GMT
    ... $144.10 a barrel, from $140.85. PRECIOUS METALS: Gold, seen as a haven in times of ... Bullion Market, gold advanced to $931.25 per ounce at Friday’s late fixing from $919.50 a ... on average this week in major producer Australia. “Buyers for China were dominant, with strong support ...

  • State is gaming central 6 Jul 2008 04:26 GMT
    ... are based in and around Brisbane. The Australian Electronic Game Industry Profile report (November 2006) ... on show today at the Gen Con Oz conference at Brisbane's Convention and Exhibition Centre. ... video game console. Jarrod Tetro of the Gold Coast is not your typical "games geek". ...

  • Scottish Mine Reopens Amid Gold Boom 5 Jul 2008 10:31 GMT
    ... Sangster, chief executive of Scotgold Resources, the Australian company behind the plan, said: "It's now ... around 600,000oz of silver. "Now that the gold price is hovering around $900 an ounce it radically changes the economics of the ...

  • Gold Boom Prompts Mine Reopening 5 Jul 2008 10:08 GMT
    ... Sangster, chief executive of Scotgold Resources, the Australian company behind the plan, said: "It's now ... around 600,000oz of silver. "Now that the gold price is hovering around $900 an ounce it radically changes the economics of the ...

  • Five Ways to Profit as Gold Rallies Past $935 Amid Economic Mire  5 Jul 2008 04:33 GMT
    ... Fed announced its rate freeze Wednesday, Also, gold prices are closely tied to oil prices, which ... look at the past 100 years, the gold price was always 10 or 12 times that ... company that mines in South Africa, Ghana, Australia and Venezuela (where it just sold control ...

  • $29bn wiped off stocks in trade today 5 Jul 2008 04:28 GMT
    ... The Australian share market closed at its lowest point in ... in Sumatra to PT Antam Tbk. The price of gold in Sydney at 1626 AEST was $US942.80 per fine ounce, up $US1.35 on yesterday's close of $US941.45. ...

  • Stocks break 6-day losing streak 5 Jul 2008 04:28 GMT
    ... The Australian share market has broken a six-trading-day losing streak ... Insurance Australia Group Ltd (IAG) could soon announce writedowns from its UK operations of up ... down debt. At 1627 AEST the spot price of gold was $US934.45, down $US10.45 from last night's ...

  • Rampant oil overshadows falling metals 5 Jul 2008 02:35 GMT
    ... The week closed with BHP Billiton, the Australian miner, settling a record iron ore price ... 50 per cent higher on the year. Gold prices ended the week flat at $931.90 an ounce. All the base metals ended the week ...

  • World stocks fall despite oil's drop 4 Jul 2008 22:59 GMT
    ... rates a quarter percentage point on Thursday. Gold was steady in light trading with New ... Gold was little changed at $932.10/933.10 an ounce. Asian stocks eased, with shares in Japan ... Japan firmed 0.36 percent, as stocks in Australia and Hong Kong bucked the gloomy trend in ...

  • World stocks fall on financial shares, oil drops 4 Jul 2008 19:56 GMT
    ... rates a quarter percentage point on Thursday. Gold was steady in light trading with New ... sessions. was little changed at $932.10/933.10 an ounce. Asian stocks eased, with shares in Japan ... Japan firmed 0.36 percent, as stocks in Australia and Hong Kong bucked the gloomy trend in ...

  • --> Crescent Gold Limited: Board Changes 4 Jul 2008 18:55 GMT
    ... PERTH, WESTERN AUSTRALIA--(Marketwire - July 4, 2008) - Crescent Gold Limited - NOT FOR DISTRIBUTION TO UNITED ... term of his service and with regret announce that Martin Belvisi has tendered his resignation ...

  • Bargain hunters wade back in 4 Jul 2008 16:36 GMT
    ... Thursday. was up 98 to $42.33, National Australia Bank was up $1.06 to $27.54 and ANZ ... Group advanced $1.57 to $48.63. could soon announce writedowns from its British operations of up ... selling one of its power stations. The price of gold in Sydney was $US934.30, down $US10.60 from ...

  • Swan clarifies foreign investment approach 4 Jul 2008 15:11 GMT
    ... Treasurer Wayne Swan has sought to clarify Australia's approach to foreign investment. The speech was delivered ... per cent to 5,082. To the commodities: gold is fetching $US934.25 an ounce. A barrel of West Texas crude oil ...

  • Asian markets close mixed - Asian commentary 4 Jul 2008 14:26 GMT
    ... and China closed in negative territory, while Australia and New Zealand closed higher on bargain hunting. ... report said that the Chinese government might announce a new tax on coal production this ... Newcrest Mining edged down 0.07%. The spot price of gold in Sydney on Friday afternoon was sharply ...

  • Oxiana sells stake in Sumatra gold project 4 Jul 2008 12:30 GMT
    ... Oxiana sells stake in Sumatra gold project Oxiana will sell up to 25% ... $1.08 billion Prominent Hill project in South Australia had indicated the potential for an additional ... Zinifex and will change its name to OZ Minerals Ltd after a shareholder meeting to ...

  • Australian market ends five-day losing streak, closes higher 4 Jul 2008 11:59 GMT
    ... Australian market ends five-day losing streak, closes higher (RTTNews) ... Newcrest Mining edged down 0.07%. The spot price of gold in Sydney on Friday afternoon was sharply ... 1.07%. Media reports said that IAG could announce A$200 million in writedowns at its UK ...

  • ASX break six-day losing streak 4 Jul 2008 10:32 GMT
    ... Australian share market has broken a six-trading-day losing streak ... to $48.63.Meanwhile, Insurance Australia Group could soon announce writedowns from its UK operations of up ... pay down debt. At 2.27pm, the spot price of gold was $US934.45, down $US10.45 from last night's ...

  • Bargain hunters boost shares 4 Jul 2008 10:03 GMT
    ... 7 per cent yesterday. Commonwealth Bank of Australia was up 13 cents to $41.48, National Australia ... to $2.26. At 12.10pm AEST, the spot price of gold was $US933.25, down a sharp $US11.65 from ...

  • Yesterday's top story: Newcrest completes gold hedgebook closeout 4 Jul 2008 08:34 GMT
    ... HOME > GOLD NEWS Newcrest Mining announced Thursday it has ... announced Thursday it has completed its 4-million-plus ounce gold hedgebook closeout this year as originally ... Kosich Posted: Thursday , 03 Jul 2008 Australia's largest gold miner, Newcrest Mining announced Thursday that ...

  • Wall St boost lifts local market 4 Jul 2008 08:33 GMT
    ... The Australian sharemarket has bounced today after yesterday's plunge to ... partial recovery has been helped by a bounce by the top miners. Rio Tinto is ... Texas crude oil is worth $US145.31. Spot gold is fetching $US933 an ounce. At 5:00pm ...

  • Stock market ends losing streak 4 Jul 2008 08:04 GMT
    ... value," Mr Vaughan said. Commonwealth Bank of Australia was up 98 cents to $42.33, National Australia ... Insurance Australia Group Ltd (IAG) could soon announce writedowns from its UK operations of up ... down debt. At 1627 AEST the spot price of gold was $US934.45, down $US10.45 from last night's ...

  • 5:11pmShares break six-day losing streak 4 Jul 2008 08:04 GMT
    ... value,'' Mr Vaughan said. Commonwealth Bank of Australia was up 98 cents to $42.33, National Australia ... Insurance Australia Group Ltd (IAG) could soon announce writedowns from its UK operations of up ... down debt. At 4.27pm AEST the spot price of gold was $US934.45, down $US10.45 from last night's ...

  • Shares break six-day losing streak 4 Jul 2008 07:58 GMT
    ... value,'' Mr Vaughan said. Commonwealth Bank of Australia was up 98 cents to $42.33, National Australia ... Insurance Australia Group Ltd (IAG) could soon announce writedowns from its UK operations of up ... down debt. At 4.27pm AEST the spot price of gold was $US934.45, down $US10.45 from last night's ...


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