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Gold's Fall Continues


Gold Bullion at Millbay Docks (Mike Lyne) / CC BY-SA 2.0
June 27, 2013 - Gold slipped below $1,200 a troy ounce on Thursday, one week after comments by the US Federal Reserve Board sent the price downward. The precious metal closed, however, at $1,211.60.

On June 20 Federal Reserve Chairman Ben Bernanke said that the Fed would slow its assertive pace of buying bonds if economic forecasts prove to be correct. The recent level of bond purchases by the Fed has pumped money into the economy.

Gold that day fell below the $1,300 level that it had been enjoying, hitting a two-and-a-half year low. Now, one week later, is now at a 34-month low.


Gold - Stories, Links and Resources

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about Gold

Mexican gold mines beset by robberies, kidnappings
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Philippines' black market is China's golden connection
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Commodity News Channel

Links for the search term: Gold

The International Cyanide Management Institute (ICMI) monitors and certifies gold mining operations via vis their use of cyanide.
From the Web site:
"The International Cyanide Management Institute (ICMI) was established for the purpose of administering the "International Cyanide Management Code For The Manufacture, Transport and Use of Cyanide in the Production of Gold", and to develop and provide information on responsible cyanide management practices and other factors related to cyanide use in the gold mining industry.

ICMI's primary responsibilities are to administer the International Cyanide Management Code for gold mining, promote the Cyanide Code's adoption and implementation, evaluate its implementation, manage the certification process and to make information on the safe management practices for cyanide widely available."

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Provides market and price information from an international perspective.