Gold Price to Hit $2,500 in 2012

The gold price dropped $6.00 Wednesday to $1,829.50 per ounce after gaining 2.6% during yesterday’s session.  While the price of gold has been mired in a trading range over the past two weeks, the broader stock and commodity markets have regained their footing.  Stocks are on pace to advance for the fourth consecutive day on rising expectations that the Federal Reserve is prepared to implement additional monetary easing measures at the September Federal Open Market Committee meeting.
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Premier Gold Mines Appoints New COO

Premier Gold Mines (PG.TSX) announced that Paul Andre Huet has been appointed the Company’s new Chief Operating Officer.  Mr. Huet will lead the advancement of Premier Gold’s key properties within Ontario and Nevada such that they progress through economic evaluation and potential development in an appropriate and timely manner. With a strong history in US-based project development, Paul will also assist in identifying prospective projects that will grow Premier’s US asset base.

Fed Minutes Show Growing Divide, Gold Holds Gains

The release of the Fed minutes this afternoon revealed a growing divide among Chairman Ben Bernanke and his fellow U.S. central bankers over the proper course of monetary policy.

The Fed minutes – a recap of the Federal Open Market Committee (FOMC) meeting – showed that at the most recent August 9th meeting, several members were in favor of further stimulus while others were concerned that additional rounds of quantitative easing could ignite inflation.

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