El-Erian says soaring gold is driven by dollar diversification
While the move has been slow, “the bad news is the momentum is building up,” says Mohamed El-Erian, president of Queens’ College, Cambridge.
Latest Stories
Informal gold miners block Colombian highways in three provinces
Miners in Santander and Norte de Santander are protesting the government’s plan to declare an area near the Andean wetland as a temporary natural reserve.
Ioneer’s Rhyolite Ridge gains key permit, but legal and political risks loom
“Legal challenges are almost inevitable,” the Australian miner's CEO says.
Whitehaven Coal jumps on price outlook, output beat
A shortfall in global coal production with long-term output constraints and higher sea-borne demand from India is expected to lift prices, the miner said.
Sanctions delay to Russian zinc mine causes supply miscalculation
Western sanctions on Russia's zinc miner Ozernoye have left it struggling to replace equipment needed to ramp up output.
BofA’s Hartnett says bets on gold are rising before US election
The precious metal hit a record high on Wednesday and gold funds recorded their biggest weekly inflow since July 2020.
Coal billionaire Tykac eyes growth in bet against ESG uptake
Pavel Tykac’s Sev.en Group has taken advantage of cheap valuations to buy up coal power stations and mines in the US, Australia and Vietnam.
Gold stocks’ secular breakout
This huge technical milestone fueled by record gold levels reflects sector sentiment growing more bullish.
Millennial mining heirs bet the family business on Argentine copper
As the world races to build more clean energy products, many of the key companies that control vast quantities of critical minerals are family-owned, and the Lundin boys are part of a new generation taking the reins.
