Gold-record momentum
Traders love chasing upside momentum, and the financial media’s enthusiastic coverage of new records returns gold to their radars.
Latest Stories
ArcelorMittal sells Kazakh assets for $286 million
The Kazakhstan government's involvement in the deal ensured a lower price for the assets.
S. Africa mine sit-in by protesting workers enters third day
The sit-in at Wesizwe Platinum’s Bakubung operation northeast of Johannesburg involves about 280 employees.
Gold price falls to near $2,000 level on strong US jobs data
The latest US labour report showing an accelerated job growth for the month of November and a 3.7% decline in unemployment rate.
Anglo American shares plunge after production cuts
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
Bribery case snares man who held Trafigura’s secrets and purse strings
For years, one of the most powerful people in commodity trading has been a quietly accountant who is barely known outside his own company.
Mining People: BHP, CNX Resources, Honey Badger, Lundin, Maritime Resources, Vale Base Metals
Key moves in the mining sector.
Trafigura’s 2023 net profit hits record $7.4 billion
The Geneva-based private company made the bulk of its profit in the first half of the year.
Petra Diamonds says the worst is likely over
Petra's 20% increase in like-for-like prices for its latest tender of financial year 2024 supports its view that diamond prices have bottomed.
