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Lazaraga Mining and Exploration Ltd Publishes February 2012 Gold Trading Report - Gold futures for April gained 1.6 percent to settle at $1,729.90 an ounce, this is the highest closing level since December 7, 2011 - Lazaraga.com
Lazaraga Mining and Exploration Ltd Publishes February 2012 Gold Trading Report

 

PRZOOM - /newswire/ - Shanghai, China, 2012/02/15 - Gold futures for April gained 1.6 percent to settle at $1,729.90 an ounce, this is the highest closing level since December 7, 2011 - Lazaraga.com.

   
 
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Demand for gold boost as alternative assets as gold futures jumped to a seven-week high. While silver has also rose to a two-month high. Delivery of gold for February increased by 1.14 percent with a business turnover of over 6,00 lots.

Gold futures for April gained 1.6 percent to settle at $1,729.90 an ounce, this is the highest closing level since December 7, 2011. Since December 8, the precious metal reached $1,734.50 which is the highest for the most-active contract and for this month, prices have went up 10 percent, emerging for the largest January gain since 2008.

Lazaraga Mining and Exploration, Ltd can see that bullion may rise this year to a record of $2,200 on arising concern that inflation will accelerate. For silver futures, delivery for March jumped 1.9 percent to $33.743 an ounce. The white metal reached $33.79 earlier which is the highest record since November, 17, 2011.

In addition to this, April deliver for platinum futures climbed 2.4 percent to $1,616.80 an ounce, increasing the most in more than a week and March delivery for palladium futures advanced 0.2 percent to $694.45 an ounce.

Lazaraga Mining and Exploration, Ltd (lazaraga.com) is a privately held integrated gold mining enterprise in the People’s Republic of China (“PRC”) focused on gold mining within the country. We concentrate on identifying, acquiring, exploring and developing gold mining deposits in a world famous location, the Gold Belt of China.

Gold mining in China requires the right team and that’s exactly what we’ve developed. The talent of experienced internationally educated Chinese geologists in mining and gold exploration, combined with an experienced management team in the resource industry, has created a diverse and forward moving company in the field of rare earth mining and exploration.

Our product is gold and our core business is the discovery and mining gold. While we are happy to mine any other rare earth minerals are often found together with gold, our main business is gold mining. By specializing in this sector we’re able to achieve our objects in a faster and efficient way.

 
 
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Agency / Source: Lazaraga Mining and Exploration Ltd

 
 

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Lazaraga Mining and Exploration Ltd Publishes February 2012 Gold Trading Report

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Contact: Lee Chow - Lazaraga.com 
+86 108001301688 press[.]lazaraga.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Lazaraga Mining and Exploration Ltd securities in any jurisdiction including any other companies listed or named in this release.

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