Gold price set for seventh weekly gain as US shutdown clouds rate path
Bullion held above $3,880 an ounce, less than $20 from a record reached on Thursday.
Latest Stories
Mali army holds back 70 Allied Gold trucks as militants block fuel imports
Fuel supplies are dwindling at the remote gold mine, located some 650 km from the capital Bamako.
Bank of America recommends resources stocks to bet on AI
“AI devours commodities,” wrote BofA’s team led by Michael Hartnett.
Brazil, China team up to create $1B investment fund
It will invest in sectors such as energy transition, infrastructure, mining, agriculture and artificial intelligence.
Gold’s dollar risk
With gold deep into extreme-overbought territory, an overdue USDX rally could trigger snowballing long dumping.
China’s bar on BHP iron ore cargoes hammers capesize rates
Dry-bulk shipping rates have tumbled around 25% this week.
G Mining gets Brazilian tax cut for gold mine
Starting this year, the nominal corporate income tax rate applicable to Tocantinzinho will drop to about 15.3% from 34%.
Silver squeeze nears end game, says TD analyst
TD Securities sees the market approaching a tipping point due to the depletion of inventory in London.
Anglo American takes Peabody to arbitration over failed $3.8B deal
Peabody withdrew a multi-billion dollar bid for Anglo American's coking coal assets after failing to agree on a lower price post mine fire.
