Gold mining in Russia is in shock after the discovery in Ukhagan mine –placed at Siberia, most concretely in the Irkutsk region and Bodaybinsky district– with a sifting machine of a gold nugget with a strange form and a peculiar weight: 6.664 kilograms or 14.69 lbs. This object has been named, given the ‘three six’ in its weight and its shape, the ‘Devil’s Ear’.
Gold price and gold market news
Gold was little active overnight, trading in a narrow $1 range. Gold slipped slowly throughout the Asian session and closed on the lows. Selling persisted in Europe with dealer avoiding big moves ahead ofBernanke Testimony and inflation data.