Gold Touches $1098 on Fed’s “Zero Stays” Decision
From Chris Mullen at GoldSeek.com…
Gold saw slight losses in Asia on Wednesday and then rose almost 1% to reach as high as $1095.25 by early trade in London.
The Gold Price then pulled back under $1090 around 08:00 EST and rose to a new all-time high of $1095.42 an ounce a little before noon.
Gold fell back off in the last couple of hours of trade, but ended with a new closing record, up 0.2%.
The Dollar Gold Price then shot to a new trading record of $1098 an ounce in after-hours access trade, shortly after the Federal Reserve said it will keep US rates at zero for an extended period. Read more
Allied Nevada Gold Corp. Appoints Vice President, Technical Services
Allied Nevada Gold Corp. is pleased to announce that Scott Anderson has joined the executive team as Vice President, Technical Services with the primary responsibility of managing the detailed engineering study for the potential crushing expansion at its wholly owned Hycroft gold mine located near Winnemucca, Nevada. In addition to general technical service requirements for the Company, Scott will also manage the feasibility study to determine the potential of oxide and sulphide mineralization at Hycroft. Read more
Oil soars above $US81 a barrel to year high
Light, sweet crude oil futures for December delivery settled up 2.8 per cent, or $US2.25 a barrel, at $US81.37 a barrel after hitting an intraday high of $US82 a barrel. That’s the highest settlement price since October 9, 2008.
Gene McGillian, analyst at Tradition Energy, said that with “no big bearish surprise” in US weekly oil inventory data, the market “reattached itself to the dollar and equities”. Read more
Troy Resources NL: Appendix 3B can be accessed via
Troy Resources NL advises of the listing of 991,862 Fully Paid Ordinary Shares on the ASX from the conversion of 987,862 Partly Paid Ordinary Shares and the Exercise of 4,000 employee options. For further information please refer to the Appendix 3B which can be accessed via the Troy Website www.try.com.au, “Latest News”.
Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, and is a member of the Australasian Institute of Mining and Metallurgy. Read more
Oil nears $US80 or 1.4 per cent after eight-day rally
Light, sweet crude for November delivery settled $US1.08, or 1.4 per cent, higher at $US79.61 a barrel on the New York Mercantile Exchange, rising for an eighth consecutive session. The November contract expires tomorrow, and trading was heaviest in December futures, which managed to reach $US80.05 a barrel shortly before settling at $US79.96 a barrel.
Brent crude on the ICE futures exchange settled at $US77.77 a barrel, up US78 cents, or 1 per cent. Read more
MorphoSys and Daiichi Sankyo COMPANY Forge Alliance to Develop Novel Antibody Therapies against Hospital-Acquired Infections
MorphoSys Secures First Therapeutic Alliance Focused on Infectious Diseases.
MorphoSys AGannounced today the formation of a new alliance with DAIICHI SANKYO COMPANY, LIMITED in the discovery and development of therapeutic antibodies for hospital-acquired infections. Daiichi Sankyo becomes MorphoSys’s first collaborator for HuCAL PLATINUM®-based drug discovery in infectious diseases. Read more
