Gold price extends rally after data shows unexpected contraction in US economy
The unexpected contraction means that both the peak in Treasury yields has been made and a bottom has been formed for gold, one analyst said.
Latest Stories
Potash prices to normalize by 2023, says Brazil Potash president
Prices of the fertilizer ingredient have soared this year on fears of a shortage caused by the Russian invasion of Ukraine.
Gold sees dovish light in the Fed’s hawkish darkness
Despite another hawkish FOMC meeting, gold rose again.
ATAC upgrades resources at Osiris gold deposit in Yukon
43% of the 2018 inferred resource has been converted to the indicated category.
Anglo American’s new boss sounds warning on future copper supply
The world is headed for a severe shortage of copper as new mines become increasingly difficult to build, said Duncan Wanblad.
Iron ore price hits 4-week high boosted by rebounding steel margins in China
Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.
Nornickel boosts output of all key metals
Company kept its previous 2022 output forecast unchanged despite difficulties posed by Western sanctions against Moscow over Ukraine.
Column: China in risky bet to test its power in iron ore markets
Even if China does set up an effective and efficient centralized buying system for iron ore, it's unlikely to shift market dynamics much, writes Clyde Russell.
Equinox Gold’s Greenstone project on schedule for first pour in H1 2024
Once complete, Greenstone will be one of the largest gold mines in Canada, producing more than 400,000 ounces of gold annually for the first five years.
