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GOLD EXTENDS GAINS AFTER EMPIRE STATE INDEX REPORT DISAPPOINTS

Gold futures were higher in North American trade on Monday, adding to overnight gains, as weaker-than-expected U.S. manufacturing data underlined expectations that the Federal Reserve would keep interest rates lower for longer. The Federal Reserve Bank of New York said that its general business conditions index fell to -9.0 this month from a reading of 9.6 in April. Analysts had …

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World could run out of minable gold in 20 yrs – report

The explored reserves of gold, diamonds and zinc will be enough for 20 years of extraction, according media reports citing a Goldman Sachs research. The explored reserves of platinum, copper and nickel will last for 40 years. “The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce,” …

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