Gold price trims weekly loss as US jobs data raises Fed rate cut bets
Bullion rose as much as 1.8% to $5,174.59 an ounce, trimming its weekly decline to 2.3%.
South Africa offers Glencore smelters cheaper power to save jobs
Only 11 of the South Africa’s 66 smelters remain operational, underscoring how rapidly rising electricity tariffs have impacted metals processing.
Gold price drops 3% on US jobs data beat
Spot prices fell as much as 4% to $4,880 per ounce, before parsing some losses.
Gold price advances 2% ahead of US jobs data
Spot gold surged as much as 2.3% to $5,070 per ounce.
Anglo American to cut hundreds of jobs at coal mines
Anglo and BHP's combined job cuts impact approximately 1,020 workers in Australia's coal sector.
Investors chasing rally in gold miner ETF face jobs heat check
Investors betting that a torrid rally in gold miners has room to run face a test of their conviction.
Gem Diamonds to cut jobs, salaries amid industry crisis
It plans to reduce operating costs by $1.4-$1.6 million monthly and cut 20% of it workforce at its Letšeng mine in Lesotho.
Gold retreats after US jobs surprise — MINING.COM’s Devan Murugan takes a closer look
Stronger-than-expected US jobs data rattled markets on Thursday, sending gold prices lower as expectations for a near-term Fed rate cut faded.
MINING METRICS: Strong jobs report shakes gold market
Gold prices pulled back sharply following stronger-than-expected US jobs data—putting the brakes on hopes for a near-term Fed rate cut. To unpack […]
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