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Gold: prices add 6-month highs thanks to technical buying
Gold prices jumped more than 1 percent to six-month highs, thanks to technical buying, as investors await the minutes of the Federal Reserve's latest policy meeting for more guidance on the path of rate hikes. Spot gold currently trades at $1,837.88 an ounce (09:36...
Gold: prices surpass one-week highs on dollar weakness effect
Gold prices rose to a more than one-week high Monday, boosted by a softer U.S. dollar and some demand for safe-haven assets following protests in several Chinese cities over the country's strict limits on COVID-19. Spot gold rose 0.48 percent to $1,759 an ounce (53.98...
Platinum: projected deficit in 2023 after record surplus
The World Platinum Investment Council (WPIC) said Tuesday it expects a deficit in the metal used in vehicle exhausts, industry and jewelry in 2023 after a strong surplus this year. According to the WPIC, use by automakers will increase and investors will shift from...
Gold: Barrick Gold will expand its presence in East Africa
Barrick Gold President and CEO Mark Bristow announced Saturday that the company plans to expand its presence in East Africa, using the North Mara and Bulyanhulu gold mines in Tanzania as a base for this venture. In September 2019, with the reacquisition of Acacia...