Focus: About Eldora Gold Resources Canada

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc in Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc in Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.

Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.

Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.

The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com

Tailings Processing. Tailings processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.

Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.

Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Property Evaluation: Eldora Gold Resources Canada

Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.

The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com

Eldora Gold Resources Canada: Property Evaluation is our consulting division which provides the service of mineral content evaluation of mining properties. Our extensive private database coupled with state of the art satellite and geophysical image processing gives our clients the information they require to buy/sell or mine theirs claims.

We also provide a forum for customers to buy and sell their properties coupled with our mineral evaluation analysis. Eldora Gold Resources Canada: Our mission statement is to provide our clients with a profitable process of extracting mineral deposits in a way that is environmentally friendly.

We strive to significantly slow down the destruction of our environment as the result of chemicals and minerals leaching into the soil from tailings.

We also strive to extract as much valuable minerals from the tailings to ensure our clients are profitable.

Properties. Eldora Gold Resources Canada will offer a forum for our clients to buy or sell mining properties.

This prospecting real estate section will form a database of our customers mining properties for sale. This database will also contain information about each property using our evaluation technology and sample testing service and will define the mineral possibilities and concentrations.

Advertising properties on this site will be free of charge and Eldora Gold will only require a small commission on the sale of the property from the seller, and a finders fee from the buyer.

Eldora Gold has applied for a listing on the Frankfurt Stock Exchange – Open Market. The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com

Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc in Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.

Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.

About Eldora Gold Resources Canada: Tailings Processing Technology

Eldora Gold Resources Canada: Tailings processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.

Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.

Tailings Processing Technology

Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.

The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.

The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.

Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.

This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.

The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.

Eldora Gold News: Baxi Group welcomes Welsh Boiler scrappage proclamation

Eldora Gold Boiler News – Baxi Group receives the declaration that Wales is to profit from a boiler scrappage room system like what has been running in England since January 5, 2010. But only people over 60 years old will be eligible for £500 towards the price of replacing an old, G rated boiler under the £2.5 million scheme.

 “We are delighted that another of the devolved countries has devoted effort to help people replace their old and inefficient boilers. The Welsh system will be aiming over 60s, who they consider to be more susceptible to fuel poverty,” said the CEO of Baxi Group UK and Ireland Mark Kelly.
“The plan will help in cutting fuel bills by about £235, all the while reducing household carbon emissions. Homes in off-mains gas areas will have the chance to discard G-rated boilers with new and efficient A-rated LPG boilers or low carbon technologies like biomass boilers.”
The system will take effect on April 1 of this year and the £2.5 million has been allotted for November 2010. Moreover, £1.4 million will be invested in the Welsh Home Energy Efficiency Scheme to aid in combating fuel poverty in households through improving insulation and heating.
About Potterton Products
As one of the leading innovators of the heating industry, Potterton has everything in terms of high efficiency heating. For example, the Potterton Gold Combi HE A has integral clock, a choice of flue systems for absolute freedom of boiler siting and a two-year parts and labour warranty.              
The Potterton brand has a broad range of boilers which operate on LPG or natural gas. A Potterton gas boiler range comes with Potterton Gold Combi 24HE, given a Best But by Which? magazine.
Climate change and global warning are concerns that Potterton is actively working to fight. Because of the increasingly strict environmental standards, we’re developing products like our Solar range to reduce the impact on the environment.
By discarding a boiler that is more than 10 years old, you could save on heating bills and lower your negative effect on the environment.

Eldora Gold News: Potterton Gold Combi Boiler 24 HE awarded as one of UK's Best Buys

Potterton Gold Combi 24 HE has been deemed a Best Buy for the fourth year in a row by leading consumer resources publication Which?. It attained five-star scores for simple installation, ease of use, NOx emissions, features and a general score of 74%.

The record acknowledged its hot water output, durability and efficiency. A Which? expert remarked that the boiler is “remarkably simple to service with plenty of room to work inside the boiler”.

Head of Potterton Product Management Paul Haynes said: "We are pleased with the ongoing acknowledgment of this great boiler.  The Potterton Gold Combi HE is made from high quality components and undergoes meticulous quality testing to make sure it meets our demanding standards of reliability.

"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”

The Potterton Gold Combi HE range comes in outputs of 24, 28 and 33 kW, with a 28 kW model devoted to LPG.

On the homeowner’s part, the boiler’s outstanding energy efficiency means smaller gas bills and reduced carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and includes a timer. A digital display and neon lights are also present to indicate the boiler’s current operational status. Instructions are conveniently placed inside the controls cover.

About Potterton

Potterton is a recognized British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted brand.

Potterton history. For over 150 years the Potterton brand maintained high quality and unrivalled service in the design and manufacture of boilers.  In fact, over the years Potterton has manufactured over 5 million boilers.

We have a set of brand values that are part of the Potterton ethos.

Trust. We want everybody to know they can trust us and our products.  We don't make false promises or claims.

User-friendly. Whether it is for customers, installers or specifiers, we resolve difficulties.  So our boilers are simple to install and easy to use every day.

Mainstream. We are not niche.  We are for everyone.  Our boilers and services are designed to meet the requirements of just about everyone out there.

Reliability. We have made our name equivalent with reliability.  It is the number one reason to buy Potterton.  It applies to our products, our service and our people.  Potterton is all about reliability.

Relaxed. We're decent people to work with.  We don't make a pointless fuss.  So whatever the requirement, people know they can approach us and we'll listen with an open mind.

Customer-focused. We make products that people need; that generate necessary heat and hot water.  Therefore, we have to put clients first.  Our products are too vital to work any other way.

Eldora Gold Boiler Reports: Heateam Bags Field Service Award

We are delighted to announce that the assistance division of BDR Thermea, heateam, received recognition from the 2010 National Customer Service Awards in the category of Field Service. Keep yourself updated on boiler technologies from Potterton to prevent getting lured into fake heateam promotions, scams and internet warning. Stay updated with the current engineering information from Eldora Announcement Resources.

Heateam prevailed over other finalists Thames Water, Rentokil and Royal Mail to bag the coveted award after a demonstration on how we give customer service, high quality and instruction with passion, professionalism and enthusiasm.

"We were impressed with the stress on working together from this entry and how each individual is encouraged to take responsibility in terms of customer service. The result is improved effectiveness for the company and a better experience for the client, which is exactly what this award is all about. A deserving victor,” remarked the judges.

The triumph was publicized on 7 December during the award ceremony in London, hosted by comedian Kevin Bridges.  The trophy was handed to John Orris, Field Service Manager of South region.

Customer Service Director Lee Robinson said: "Our field service engineers work diligently to keep our customers warm and contented.  During a usual day they could be carrying out a routine boiler service, carrying out repairs, working with an installer or contractor to give details of our products or just showing the homeowner how to get the best out of their system.

"They often call when the homeowner is anxious or even irate, and always endeavour to leave them happy and at ease.  The recent weather situation has been taxing for everyone in the heating industry, and our engineers have been affected by the snow and ice like everyone else.  But they have pulled together, and worked long hours in complicated conditions to try and get to people as soon as possible.

"I am extremely proud to add this award to our recent service centre success, where we were ranked seventh in the 2010 Top 50 Call Centres for Customer Service. 

"I would like to thank everyone in heateam for their dedication and hard work in making us the best service provider in the heating industry,” adds Lee.

heateam, BDR Thermea's in-house service department has a national network of more than 280 expert Gas Safe registered field service engineers.  They give service and support for all Baxi, Potterton, Main and Remeha domestic boilers, Heatrae Sadia and Santon hot water products and Valor fires. The Warwick-based service centre is open 363 days a year.

For more information visit the heateam website or call 0844 335 2266.

Eldora Gold Boiler News: Market leader - heateam bags Field Service Award

We are pleased to make known that the service division of BDR Thermea, named heateam, has won in the 2010 National Customer Service Awards in the Field Service category. Get the most recent boiler technology from Potterton to avoid falling into scams, elaborate boiler room speeches, online salesman caution and fake boilers and heateam. Eldora News Resources online newspaper will keep you updated with the latest technology news.

Heateam triumphed over other finalists Rentokil, Thames Water and Royal Mail to get the prestigious award after a presentation to the judges, demonstration how we give customer service, training and quality with zeal, passion and professionalism.
 “We were amazed with the prominence of teamwork from this entry and how each person is encouraged to take responsibility for customer service. It resulted in more efficiency for the business and a better encounter for the customer, which is what this award is all about. A worthy winner,” said the judges.
The accomplishment was declared during the awarding ceremony in London on December 7, hosted by comedian Kevin Bridges. The award was presented to the Field Service Manager of South region, John Orris.
“Our field service engineers work diligently to keep our customers happy and warm. A typical day may see them carrying out repairs, carrying out routine boiler service, working with a contractor or installer to explain our products or just presenting the homeowner how to get the best out of their system,” said Customer Service Director Lee Robinson.
 “They sometimes call when the homeowner is upset or angry, and always try to leave them relaxed and happy. The recent weather conditions have been hard for everyone in the heating industry and our engineers have been affected by the ice and snow like everybody. But they have pulled together and worked for long hours under difficult conditions to try and get to people in the soonest time possible.
“I am so proud to add this accolade to our recent service centre success where we’re ranked seventh in the 2010 Top 50 Call Centres for Customer Service.
Lee adds, “I want to thank everyone in heateam for their commitment and hard work that made us the best service provider in the heating industry.”
heateam, BDR Thermea’s in-house service department has a national network of more than 280 professional Gas Safe registered field service engineers. They offer support and service for all Potterton, Baxi, Remeha and Main domestic boilers, Heatrae Sadia and Santon hot water merchandise and Valor fires. The service centre based in Warwick is open 363 days a year.
For more information visit the heateam website or call 0844 335 2266.

Eldora Gold Boiler News: Potterton Gold product range expanded

Eldora Gold Boiler News – The famous Potterton Gold boiler range has been extended to include system and heat only models, and a combi boiler dedicated for LPG. The latest Gold Cylinder completes the collection.

From the success of the Potterton Gold Combi HE, a 2010 Which? Best Buy, the latest products offer installers a high quality choice of products appropriate for virtually every application.
The Potterton Gold System HE comes in outputs of 24, 28 and 18 kW, has SEDBUK 2005 rating of 91.2% and is NOx Class 5 (the highest). It is available with a one piece pre-plumbing jig and integral filling loop to make installation simpler and quicker, saving both money and time.
Flexible and compact, the Potterton Gold H heat only boiler is small enough to fit in an ordinary kitchen unit. It comes in outputs of 18, 24 and 15 kW and is modulating fully to ensure first-rate fuel efficiency. To save even more time installing it, there is no wiring between the boiler and the pump.
The Potterton Gold range of unvented cylinders are intended to complement the latest range of boilers. It comes in capacities of 300, 250, 210, 170, 150, 120 and 100 litres that’s why there is a model for every heating system.
The cylinders, which are approved by KIWA, have a stainless steel inner vessel and thermoplastic coating to guard against corrosion and prolong life expectancy. They are insulated with a 50mm layer of polyurethane CFC-free foam, providing enhanced heat loss performance. They are easy to maintain and install with all the connections and controls easily accessible at the front. The coil-in-coil heat exchanger guarantees quick heat recovery and better efficiency.
The Potterton Gold range of heat only, system and combi boilers are all SEDBUK 2005 <90% efficient and are backed by a 2-year warranty. The Gold Cylinder has a 25-year warranty on the stainless steel vessel and one-year parts and labour warranty. All warranties are subject to registration and annual service, where suitable.
For more information please visit http://www.pottertongold.co.uk/ or call 0844 871 1560.

Eldora Gold Boiler News: Potterton Promax combi boilers and Multifit GasSaver aids Aster Group crack the Code in Bristol

Eldora Gold Boiler News – Installation of Baxi Group high efficiency boilers, incorporated with novel Multifit GasSaver heat room recovery devices, has allowed Aster Group to successfully meet Level 3 of the Code for Sustainable Homes on its Narroways Road development in Bristol.

Aster Group who own and manage about 17,000 inexpensive homes in the south west and central south of England has currently opened its Narroways Road system. Built by the Leadbitter Group, Narroways boasts of 12 new two-bed apartments, five retail units and eight houses. For this affordable development, Leadbitter Group specified Baxi Group’s Potterton Promax 28 HE Plus Combination boilers that includes Multifit GasSaver units in the flats to meet the necessary SAP rating and attain Code Level 3.
Meeting SAP economically to attain the right Code Level should be balanced with the need to give an efficient, suitable and high quality heating and hot water solution for a certain project. The Potterton Promax Combi boilers along with GasSavers offers the best solution at Narroways Road. The tenants are familiar with the combi boiler and how it works, and the GasSavers depends on the boiler’s own high efficiency to deliver much better performance. This guarantees that system specification, operation and installation are as uncomplicated as possible.
The Multifit GasSaver can decrease the gas used to heat water by up to 37% annually and is listed as a certified technology under SAP Appendix Q and endorsed for use by the Energy Saving Trust. It is placed neatly between the boiler and its flue, recycling the heat from the flue gases that would otherwise be expelled into the air and wasted. Then this heat is utilized to preheat water coming into the boiler from the cold mains supply.
Potterton Promax 28 HE Plus is a compact, combination boiler that is SEDBUK Band A rated, that has 91.4% operating efficiency. Simple and fast to set up, it has superb flow rates and comes in 24, 28 and 33 kW outputs. Other advantages include built-in frost protection, a range of flueing selections, an optional wireless room thermostat and a pump which automatically runs every 24 hours to keep itself in its optimal condition.
The Multifit GasSavers and Potterton boilers were installed by local supplier M G Plumbing. The Narroways Road development officially opened on July 2, Friday.

Eldora Gold Resources Expects New Tailings Test Results from Kenora in May

March 18, 2011 By eldora

(Winona) – Eldora Gold Resources Ltd. has begun first stage testing of tailings material from a small-scale Kenora Mining District property owned by a private company.   The tailings are contained in two disposal sites from milling operations that ceased in the early 1900′s.  To start, 10 kg of sample will be tested through Eldora’s laboratory-scale GravSep™ system for gold recovery and for suitability for remediation.  Results from this initial testing are expecting to be received by early May 2011. `

Eldora showcased its physical separation process, called GravSep™, at the PDAC conference in Toronto last week.  The GravSep™ enables the company to extract valuable mineral content from tailings, and eventually returning those cleaned tailings back to the environment.  Eldora Gold’s Tailings Processing division will begin to establish a new mill on its first prioritized tailings disposal site in Kirkland Lake, Canada, having already conducted on-site sample testing and results evaluation. 

Historically, tailings have always been an unwanted byproduct of mining from an environmental standpoint, greatly affecting wildlife and water tables negatively.  GravSep™ drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.  The result is cleaner tailings. The profitable sale of the recovered mineral concentrate provides mine owners incentive to use Eldora Gold technology to stop the continued destruction of the environment.  

Profitably addressing the critical clean-up challenges facing current owners of former mining sites, the chemical-free GravSep™ process enables niche deposits anywhere in the world to be considered for successful treatment and rehabilitation, while extracting and recovering mineral concentrates that have significant deleterious environmental effects when left in-situ. 

Eldora Gold provides portable and simple to maintain equipment that can be specifically tailored to each deposit.  Once extracted, these concentrates will contain the majority of minerals with recoverable metallic values presently residing in the tailings, which coincidentally are the minerals responsible for the adverse environmental consequences of the original tailings’ disposal.

Eldora Gold Resources Ltd. is a Canadian company, dedicated to evaluating and prioritizing tailings ponds, as well as the chemical-free recovery and sale of extracted minerals in the form of a valuable concentrate; Eldora Gold is listing its common shares on the Frankfurt Stock Exchange (symbol ER5), Open Market.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk

NEW YORK, Economic Times, Reuters: Gold rallied to near its all-time high on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic US talks to raise its debt limit.

After trading flat for most of the day, bullion suddenly spiked at the end of the US pit session to extend its rally for a seventh day, as crude oil and other commodities rallied and as the euro pared gains.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk - Bullion has gained over 6 per cent this month on fears about a deepening euro zone crisis, now trading less than $5 below its all-time high of $1,575.79 set on May 2. Gold priced in euro and sterling hit record highs for a second consecutive day.

"With the euro zone debt crisis and the US debt ceiling talks, there is a tremendous flight to quality. Gold is the commodity to invest in because the currencies aren't doing well," said Mihir Dange , COMEX gold options floor trader for Arbitrage LLC.

Spot gold was up 1 per cent at $1,568.89 an ounce by 2:43 p.m. EDT. US COMEX August gold futures settled up $13.10 at $1,562.30, after trading between $1,541.10 and $1,574.30.

US trading volume was around 170,000 lots, one of the heaviest since the start of June, as investors switched their focus back on the gold market as equities have slumped

Financial markets hammered European assets after euro zone finance ministers opened the door to a possible Greek default and failed to prevent contagion spreading to Italy and Spain .

Gold in euros rose for a third day, climbing 1.5 per cent to hit a record above 1,123 euros.

Gold priced in higher-yielding currencies, which also suffered the brunt of investor distaste for risk, such as the Australian dollar, the South African rand or the Canadian dollar, also rallied.

"If you live in Greece , you are going to buy gold because that's the hard money you still trust," said Axel Merk , portfolio manager who oversees $700 million in mutual fund assets at Merk Investments .

DENNIS GARTMAN PARES EURO GOLD TRADE

Independent investor Dennis Gartman, who has called for buying gold in non-US currency terms, however, has trimmed his euro-priced gold positions on worries about an overbought trade.

"Everywhere we turned yesterday the talk was of the gold/euro trade. In that environment it is perhaps wise if we remove ourselves quietly from the party, reducing our exposure by one-third...," Gartman said in a note.

The euro hit a four-month low against the dollar and another record low against the Swiss franc on fears euro zone leaders were failing to prevent a debt crisis from spreading.

Fears that the debt crisis is spilling over the other European countries have boosted gold. The main measure of Italy's borrowing costs broke above 6 per cent for the first time in 14 years as the euro zone's third-largest economy was sucked into the bloc's debt crisis.

US DEBT CEILING RAISES UNCERTAINTY

Also underpinning gold is growing uncertainty over a deal to raise the US debt ceiling to preserve the good faith and low borrowing costs for the world's largest economy.

The US dollar's reserve currency status would also be severely undermined and that would boost gold, if the country defaults on Aug. 2, the US imposed deadline to raise the debt limit.

The next two key risk events for gold will be US Federal Reserve Chairman Ben Bernanke's semi-annual testimony on monetary policy to Congress on Wednesday.

Spot silver gained 1.4 per cent to $36.17 an ounce. Among platinum group metals, platinum was up 0.8 per cent at $1,734.49 an ounce, while palladium rose 0.3 per cent to $766.47. Prices at 2:43 p.m. EDT (1843 GMT)

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Eldora Gold Resources News: Gold Prices Hit Record High Amid Stock Market Jitters

The price of gold hit record highs on Monday as jittery investors sent stock and bond markets plunging amid fears that the eurozone and US debt crises could lead the world into another recession.

AFP - Gold soared to record highs Monday as investors sought its traditional safety, leaving stock and bond markets with losses on fears the eurozone and US debt crises combined could spark another recession.
Gold topped $1,600 dollars an ounce for the first time as nervous markets looked ahead to a make-or-break eurozone summit Thursday in hopes that this time, leaders might finally come up with a deal to stop the rot.
Negotiations meanwhile continued in Washington with just two weeks to avert a catastrophic debt default as US Treasury Secretary Timothy Geithner pointed to progress -- but also warned of the dire consequences of failure.
A US debt default "would bring the world economy... because of the critical role we play in the global economy, to the edge of recession again. And again, it's not an option we can consider," Geithner said.
Eldora Gold Resources News: In London, the benchmark FTSE 100 index of top shares lost 1.55 percent to 5,752.81 points. In Frankfurt, the DAX fell 1.55 percent to 7,107.92 points while in Paris the CAC 40 lost 2.04 percent to 3,650.71 points, its lowest point of the year.
In Italy -- seen with Spain as the next most at risk after Greece, Ireland and Portugal were bailed out -- the stockmarket slumped more than three percent and other European bourses were also badly hit. Madrid was down 1.44 percent.
The banks suffered as investors fretted over their exposure to debt-stricken eurozone countries and worry that the crisis is undercutting the economy.
European Banking Authority stress test results Friday, showing only eight out of 90 lenders failed, did little to reassure since the reviews did not include a possible sovereign debt default -- the most crucial issue for many as officials try to agree another rescue for Greece.
Kathleen Brooks at Forex.com said the markets want "Europe to sing with one voice, make decisions quickly to resolve Greece’s problems (and) show markets there is someone in control of the situation.
"Right now, none of the branches of power within the EU are doing that so investors are selling euro-based assets," Brooks said.
On the forex market, the euro fell sharply to $1.4041 from $1.4156 late Friday in New York while the dollar was firmer at 79.16 yen after 79.12 yen.
Gold closed at $1,599, up from $1,587 late Friday but off a record high of $1,607.46.
"Money continues to move out of equities and into gold as ongoing eurozone debt concerns continue to gather momentum," said ETX Capital trader Manoj Ladwa.
"While the precious metal trades up at all-time highs, European stocks are trading sharply lower as borrowing costs for sovereign debt soars."
"Investors are now adding real fears of a US default to go along with their European sovereign worries," said Spread Co analyst Ian O'Sullivan.
In New York, it was the same picture with the blue-chip Dow Jones Industrial Average slumping 1.37 percent at around 1615 GMT while the tech-heavy Nasdaq Composite tumbled 1.55 percent.
Dealers said the only hope now was strong company results but even stellar figures will not be enough without some progress on the debt impasse on both sides of the Atlantic.
"The question now is, can better-than-expected earnings supplant macro concerns as the main market driver?" said Patrick O'Hare, an analyst with Briefing.com.
"Probably not but what they will do is lay a foundation for a robust relief rally in the event a palatable deal on the debt limit can be reached and EU leaders can pacify participants with a plan that stems debt contagion concerns in the eurozone."
In Asian trade earlier Monday, markets were weaker but trade was quiet with Tokyo closed for a public holiday. Hong Kong fell 0.32 percent, Shanghai lost 0.12 percent and Sydney ended flat.

GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!