Magadan mining companies may join the ranks of the first issuers of Voskhod investment exchange system, according to the report of the Development Fund of the Far East at the end of the Minex Far East conference held in Magadan.
Petropavlovsk Plc intends to increase gold production by 32% in 2018 compared with 2015 - up to 19,7-21,7 tons due to underground ore miningonPioner and Malomyr deposits in the Amur region, according to the general director of the Petropavlovsk managing company.
“Experts from the ABN Amro Group predict that the value of an ounce of the precious metal could reach $ 1,425 by the end of September. The gold price recently has risen to the highest since March 2014.
Canadian bank RBC Capital Markets has raised its forecasts for gold prices to $1,300 an ounce for 2017, 2018 from the previous $1,300 an ounce, but expect them to decline to $1,300 in 2020, according to the bank report.
Rietumu group experts have prepared their regular monthly overview of Rietumu Asset Management (RAM) investment funds for June.
A seven-week precious metals rally has come to a halt with gold and silver both correction lower.
The decline should be considered as the turning point of the growth trend in which gold (like all precious metals) were from the beginning of January.
According to information provided by the Agency of economic information “PRIME”, the gold prices, after negative dynamics of Friday's trading, moved to an increase on Monday after the news about the attempt of military coup in Turkey.