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Precious metals made strong gains on Friday, largely as a result of weak volume at the Comex futures market in New York. Thanksgiving last Thursday meant fewer participants in US futures trading on Friday, with traders taking the opportunity for a long weekend. Lack of liquidity in a market exacerbates any up or downside move; in this ...
Turkey is one of the Eurasian countries with great expectations about increasing gold production. According to experts, Turkey has 23 million troy ounces of the yellow stuff waiting to be mined. The Turkish government is subsidising gold production in the hope of encouraging further growth in the sector. Last week the Canadian mining ...
According to Iraq's own data, aside from possessing the world's second largest crude oil reserves, the country also possesses important gold and diamond reserves. The Iraqi government is thus hopeful that gold mining can be an increasingly profitable venture for the country. According to officials in Baghdad, Iraq has huge gold producing ...
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