price of gold Archives - AfricaBusiness.com

The gold trade is one of the most popular trades in the world. Every day, trillions of dollars worth of gold are traded on the global market. The price of gold is determined by supply and demand, as well as by geopolitical events. Gold is often seen as a safe haven investment. When there is economic uncertainty, investors tend to pour money into gold, driving up the price. Gold is also used in jewelry and for other decorative purposes, which also drives demand. The price of gold is measured in troy ounces. One troy ounce equals 31.1 grams or 1/12th of a pound. The most common way to trade gold is via the spot market. In the spot market, buyers and sellers trade directly with each other at the current market price. Gold can also be traded via futures contracts. Futures contracts are agre...

TSX-V Ticker: SWA SWA.WT VANCOUVER, Nov., 2012 /PRNewswire/ - Sarama Resources Limited ("Sarama" or the "Company") announces a private placement (the "Private Placement") for the issuance of 555,556 units (the "Units") at a price of $0.90 per Unit to raise gross proceeds of approximately $500,000. Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each such whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.20 at any time prior to 5:00 p.m. (Toronto time) on October 17, 2014. The Private Placement will be conducted on a non-brokered basis and is subject to regulatory approval. The proceeds of the Private Placement will be used principa...

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