Friday, April 11, 2008

Gold News Weekend Roundup

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Gold weakens as market cautious before weekend

Gold drifted lower on Friday in a cautious trading tone in spite of a decline in the dollar, and analysts said the market was likely to continue moving in a range in the near term.

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Gold futures end lower, but post a weekly gain

Gold for June delivery fell $4.80 to end at $927 an ounce on the New York Mercantile Exchange. However, gold posted a gain of $13.80 on the week from last Friday's closing level of $913.20 an ounce.

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Opening Glance: Gold Miners Fall

Shares of gold-mining companies fell Friday shortly after the opening bell as the U.S. dollar rallied against key rivals and the price of the commodity fell.

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CCM Research Issues Technical Research Report on Yukon Gold Corp.

Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Yukon Gold Corp.

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Gold Hawk Resources Appoints New Chief Financial Officer

Gold Hawk Resources Inc. (TSX:CGK) advises today that Mr. Omar Salas, CMA, will join the company as our new Chief Financial Officer and Vice President Finance, effective May 1, 2008.

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Junior gold miners begin to outpace majors as gold prices remain steady

Gold prices remained steady near the close of the week's session as major gold mining stocks appear to have peaked. But that's not the case with the junior gold mining companies who've yet to catch up to the market.

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