On Wednesday in New York gold futures quotations ended the session at the positive territory receiving support from the dollar weakening and expectations of the increase of the key FRS interest rate in September.
"Uralelectromed" (UMMC enterprise) intends to increase the precious metals extraction by means of the introduction of new technology of production of antimony-tin concentrate, according to the company.
Today, on September 14, a meeting between the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov and the Canadian gold mining company Centerra GoldInc CEO Scott Perry took place in Bishkek.
According to data of exchanges, on Wednesday, the gold price rises against the background of a slight weakening of the dollar, caused by declining expectations of an increase in the basic interest rate of the USA Federal Reserve System.
According to the representative of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of gold bullionsat gold mining complex “Mute”, during the period from March 21 to August 20 of 2016 amounted to 117 kilograms.
Following comments of a member of the Board of Governors of the Federal Reserve System, the probability that next week the decision will be taken to increase rates has dropped to 15%.
By the end of 2016, platinum deficit will be higher than expected. This will happen because of reduced mining, as well as of the steady low metal prices that will trigger the fall of the refinery volume.
According to the agency, in mid-September, the Ministry of Industry and Trade of the Russian Federationis going to announce a new acceptance for applications for the competitive selection of investment projects in priority areas of the industry.