Weak data on the labor market of the USA released on Friday have pushed gold prices up by more than $ 20 per ounce. Such weak data again reduced the probability of an increase in the Fed rateat the meeting in September (the rate growth may put pressure on gold prices).
Siberian Federal District Department of Subsurface Management posted a notice of grantingthe use of two placer gold deposits in MaslyaninskyDistrict of Novosibirsk Oblast on the official tenders website.
According to a company statement based on the results of the drilling program at the Mutsk gold projectin Armenia UKexploration company Orogen Gold Plc has twice extended the area of the deposit.
Gold prices rose to a one-week high on Friday, after economic data that showed hiring in August was weaker than expected, which undermined the case for the Federal Reserve to raise interest rates in the coming months.
In Yakutia, a unified recycling center of complex ores and concentrates can be created, follows from the presentation of AO Vysochayshiy (GV Gold) on the East Economic Forum.
China is set for specific transactions on entering the Russian gold projects, particularly in the Far East, said to Izvestia the head of the Union of Gold Producers of Russia Sergey Kashuba.
OOO Megradzor Gold plans to complete construction of the gold recovery plant on Meghradzor gold mine by the end of 2016, said General Director Vardan Markaryan.
Gold has surged in 2016 against a backdrop of political uncertainty and consistently low interest rates, but it has not broken past its 2011 high.