After Powell’s decision, the outlook for gold remains bearish
While Powell sounded relatively dovish, actions speak louder than words.
Latest Stories
Workers at Codelco say strike imminent if investment demands not met
The workers have complained about a lack of investment at the mining firm's troubled Ventanas smelter.
Gold price scales $1,850 as dollar eases following Fed rate hike
Bullion continued its rise after the Fed approved its largest interest rate increase since 1994.
In a Greek coal mine, stocks build up ahead of peak summer demand
The country is pushing back plans to retire some coal-fired plants and has announced that coal mining will be ramped up by 50% this and next year.
Copper price sinks to 10-month low on recession worries
Outlook for demand deteriorated after the US Federal Reserve’s large rate hike fueled worries about recession and data from China indicated weak growth.
Tesla stock has more than Twitter weighing on it
Blame it on rapidly worsening investor sentiment, with US stocks entering a bear market because of soaring inflation and higher interest rates that threaten to trigger a recession.
PDAC 2022: As ESG drives metal demand and constrains supply, miners will have to innovate
Teck’s vice-president of sustainable development gave examples of how the company is attempting to solve operational issues through innovation — including using ideas from Star Trek.
Tianqi Lithium wins nod for $1 billion Hong Kong listing
At $1 billion, Tianqi’s offering would be Hong Kong’s biggest listing so far this year.
Mexico union strikes at ArcelorMittal plant over profit sharing
Union said the company was refusing to share 10% of profits from the 2021 fiscal year among over 3,500 direct employees.
