HSBC has lifted its silver price forecasts for 2012 and 2013 amid expectations that strong bar and coin investment demand, together with growing interest in silver exchange-traded funds, will push the market higher, the bank said late Wednesday.

 
Ivanhoe CEO Says Confident Power For Oyu Tolgoi Will Be On Time

MELBOURNE (Dow Jones)--Ivanhoe Mines Ltd. (IVN) remains confident power from China for its massive copper and gold mine being developed in neighboring Mongolia will be delivered on schedule, the company's chief executive said Thursday.

 
China SHFE Gold Futures Trading Volumes More Than Double In Jan-Oct

SHANGHAI (Dow Jones)--Trading volumes of China's gold contracts on the Shanghai Futures Exchange more than doubled in the first 10 months this year, indicating rising investment demand on the back of global economic uncertainty, a senior executive at the exchange said Thursday.

 
China Gold Jewelry Consumption To Double In Less Than 10 Years

SHANGHAI (Dow Jones)--Chinese gold jewelry consumption may double in less than 10 years compared with last year's consumption of 452 tons thanks to an increasingly affluent population, the managing director for the Far East at the World Gold Council said Thursday.

 
Polyus Holder Expects Unit To Get Nod To Domicile In UK

MOSCOW (Dow Jones)--A major shareholder in Russia's largest gold producer Polyus Gold International Ltd. (PLGL.LN) expects to get government approval for OAO Polyus Gold's (PLZL.RS) request to domicile in the U.K., Kommersant reports Thursday.

 
Peru Protests Continue Against Newmont's Minas Conga

LIMA (Dow Jones)--Protests against the Minas Conga gold and copper project in Peru continued Thursday, despite an announcement earlier this week that the project was suspended, Radio Programas reported.

 
MARKETS: 
 
PRECIOUS METALS: Global Economic Worries Sap Gold's Rally

NEW YORK (Dow Jones)--Gold futures settled lower after touching fresh two-week highs Thursday, as investor enthusiasm over central banks' plans to cut the cost of borrowing dollars faded.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com

Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Ivanhoe Mines Charts.
Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Ivanhoe Mines Charts.