NioGold Mining Corporation is a junior exploration company primarily focused on GOLD.

Marban Block, Malartic Hygrade, Malartic H, Camflo West and Siscoe East, all located in the Malartic and Val-d’Or gold mining camps, Abitibi region of Quebec.

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Message: 930-940 did not hold,now what?

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930-940 did not hold,now what?

posted on Jun 22, 09 09:49AM

Gold Falls in New York as Dollar Climbs on Deepening Recession

By Ted Bunker

June 22 (Bloomberg) -- Gold prices fell in New York as the dollar strengthened after the World Bank forecast a deeper global economic contraction this year, curbing the appeal of the metal as an alternative asset.

Gold futures for August delivery dropped $12.50, or 1.3 percent, to $923.70 an ounce at 8:23 a.m. on the New York Mercantile Exchange’s Comex division. The U.S. Dollar Index, a six-currency gauge, gained as much as 0.7 percent after the Washington-based lender said the world economy will shrink 2.9 percent in 2009, more than an earlier forecast for a 1.7 percent decline.

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