Gold price climbs 2% in wake of Powell’s comments on slower rate hikes
Traders are currently pricing in a 91% probability that the Fed increases rates by 50 basis points on Dec. 14.
Latest Stories
Orezone Gold’s Bomboré mine in Burkina Faso enters commercial production
Bomboré now becomes the 16th mine to go into production in Burkina Faso.
BMW invests in low carbon copper firm Jetti
Jetti has the technology to extract more copper from low-grade resources and produce metal with a low carbon footprint.
Brazil to let private sector mine for uranium
The uranium sector is currently the exclusive responsibility of state-run Indústrias Nucleares do Brasil (INB).
China’s lithium newcomer Zijin eyes rich returns from battery demand
The company has already spent $16 billion buying three lithium mines over the past year.
JPMorgan joins HSBC as vault custodian for top gold ETF
The lender will now act as an additional custodian for the SPDR Gold Trust, according to a statement from the World Gold Council.
CME cobalt contract use soars above LME as big players join
Consumers, producers, commodity traders, brokers and banks are backing the CME's cash-settled contract as they want a liquid instrument to hedge cobalt.
In Peru’s hills, an artisanal miner boom frustrates Big Copper’s plans
The rise of artisanal copper mining is threatening billions in new investments by mining companies in Peru.
Investors with $30 trillion to push companies on human rights, social issues
Plan to focus first on metals & mining, renewables sectors.