Gold price in worst losing streak since 1996
Could fall back to triple digits this year predicts Goldman Sachs.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Gold stocks crash – Barrick plummets to 25-year low
Shares of world's top producer falls to 1990 levels while most valuable gold mining stock Goldcorp tumbles to decade low.
Toronto gold junior shares double on fresh offer
Lake Shore Gold trumps earlier offer for Temex Resources and its flagship Whitney project in northeastern Ontario.
Shrinking Chinese steel market will drag down iron ore price
The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
Prepare for flood of copper concentrate
New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.
Gold price falls to within sight of 5-year low
Fed comments hurt gold as hedge funds push price to near April 2010 lows.
Only permanent supply cuts can lift metal prices
The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.
Last time hedge funds were this bearish gold price was $600
Futures data show hedge funds cutting net bullish positions to below 1 million ounces for the first time in 9 years while going short a record 306 tonnes of gold.
Iron ore price builds on gains
13% in two days.
Platinum, palladium price drop accelerates
Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil, hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.