Gold price can’t rise on weak payrolls
The focus on the upcoming tightening cycle creates downward pressure on gold prices, which counterweighs worries about the labor market or inflation.
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Trafigura’s Puma Energy said to weigh sale of $1.5 billion Infra assets
Puma Energy has been unprofitable for years following a debt-fueled acquisition spree.
US coal use is rebounding under Biden like it never did with Trump
Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s seeing a big comeback of the dirtiest fossil fuel.
Silver Hammer aims at large-scale resource growth and near-term production
Primary silver-focused junior has started drilling on brownfields Silver Strand Idaho prospect.
Barrick installs first PhotonAssay lab at Bulyanhulu gold mine
The Bulyanhulu mine is on track to produced between 170,000 and 200,000 oz of gold this year.
Orla sets first gold pour from Camino Rojo for December
Construction is 89% complete and commissioning has begun at Orla Mining’s Camino Rojo gold heap leach project in Mexico.
Gold steadies as traders weigh elevated inflation, growth risks
Focus will turn to the US on Wednesday, where consumer price index data are expected to show price pressures remained elevated last month.
Cadence closer to reopening former Anglo American mine in Brazil
The Amapa iron ore mine is expected to generate 5.3 million tonnes of iron ore a year once at full capacity.
Rare earths sector at risk of more substitution if prices spike
Demand for rare earth permanent magnets is due to soar as governments and companies step up efforts to cut carbon emissions.
