Gold price climbs 2% in wake of Powell’s comments on slower rate hikes
Traders are currently pricing in a 91% probability that the Fed increases rates by 50 basis points on Dec. 14.
Latest Stories
Orezone Gold’s Bomboré mine in Burkina Faso enters commercial production
Bomboré now becomes the 16th mine to go into production in Burkina Faso.
BMW invests in low carbon copper firm Jetti
Jetti has the technology to extract more copper from low-grade resources and produce metal with a low carbon footprint.
Brazil to let private sector mine for uranium
The uranium sector is currently the exclusive responsibility of state-run Indústrias Nucleares do Brasil (INB).
Chinese nickel producer Lygend Resources debuts in Hong Kong
The Chinese nickel producer is the first among eight newcomers to list in the Asian financial hub this month.
Platinum mining target says takeover battle damages operations
Royal Bafokeng Platinum said competing offers from Impala Platinum and Northam Platinum have created uncertainty.
China’s lithium newcomer Zijin eyes rich returns from battery demand
The company has already spent $16 billion buying three lithium mines over the past year.
Congo agreed to pay Gertler’s company $250m in resources deal
The Israeli businessman is accused of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals.
JPMorgan joins HSBC as vault custodian for top gold ETF
The lender will now act as an additional custodian for the SPDR Gold Trust, according to a statement from the World Gold Council.
