Gold price extends loss as US inflation data reinforces Fed caution
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates.
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Freeport-McMoRan to slow expansions amid inflation, weak copper prices
Mining News Pro - Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy.
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Market is mispricing impact of Biden’s Inflation Reduction Act
Mining News Pro - Analysts at Goldman Sachs Group Inc. say that a number of key green sectors remain meaningfully underpriced.
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Gold price eases from 8-month peak as investors await inflation data
Mining News Pro - Gold halted its latest rally on Wednesday as investors positioned themselves ahead of new US inflation data that could hint at the Federal Reserve’s policy path, with expectations mounting that slower rate hikes are on the horizon.
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Gold price hits 4-week high with elections, inflation data in focus
Mining News Pro - Bullion started Tuesday’s session slow and just below the $1,700 an ounce mark, but began to surge when the dollar failed to gather momentum for a rebound.
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Goldman analysts say markets yet to grasp full impact of Inflation Reduction Act
Mining News Pro - ESG investors are missing an array of opportunities created by President Joe Biden’s climate bill, according to analysts at Goldman Sachs Group Inc.
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Gold price slides as hotter US inflation keeps hawkish Fed on track
Mining News Pro - Gold fell the most in almost a month after US inflation data came in hotter than expected, maintaining pressure on the Federal Reserve to keep aggressively raising rates.
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Gold price seen rising above $2,000 on inflation, mining veteran says
Mining News Pro - Gold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.
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Gold price set for fourth weekly gain amid easing inflation, Fed speak
Mining News Pro - Gold headed for its fourth straight weekly gain as traders weighed further signs of easing inflationary pressures and hawkish remarks by Federal Reserve officials.
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Gold slips as traders weigh fed rate path over easing inflation
Mining News Pro - Gold gave up early gains with the dollar paring most losses as traders assessed the Federal Reserve’s path of monetary tightening after another report showed US inflation is easing.
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Copper price near 6-week high on softer than expected US inflation
Mining News Pro - The copper price rose on Thursday to the highest in nearly six weeks, helped by easing demand worries after US inflation data came in softer than expected.
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Barrick Gold boss tells miners to brace for more inflation
Mining News Pro - Barrick Gold Corp. boss Mark Bristow is sticking with his cost guidance for now, despite inflationary headwinds at mines around the world, but said the idea that industry costs have peaked is “wishful thinking.”
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Fortescue raises annual shipments forecast amid inflation pain
Mining News Pro - Australia’s Fortescue Metals Group forecast higher iron ore shipments for the next fiscal year on hopes of a stronger performance at its Eliwana project, and logged record quarterly shipments despite a tight labour market and increased costs.
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Newmont warns inflation to spike costs in 2023
Mining News Pro - Newmont Corp on Monday raised its annual cost forecast and warned that inflationary pressures would persist into 2023 after its second-quarter profit missed Street estimates, sending the world’s biggest gold miner’s shares down 12%.
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Gold price steady as traders weigh drops in ETFs, inflation, dollar
Mining News Pro - Gold held near an 11-month low as investors weighed a prolonged decline in holdings of bullion-backed exchange traded funds and the dollar’s recent bout of weakness.
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Gold price wanes in run-up to US inflation data release
Mining News Pro - Gold prices retreated on Thursday as elevated Treasury yields and a firm dollar dimmed its appeal in the run-up to the latest US inflation data, which could strengthen the Federal Reserve’s case for aggressive policy tightening.
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Gold price moves higher after US inflation report
Mining News Pro - Gold climbed higher on Wednesday after hotter-than-expected US inflation fueled expectations that the Federal Reserve will maintain a path of aggressive interest-rate hikes.
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Gold price hits 5-week high as war, inflation continue to boost safe havens
Mining News Pro - The gold price climbed to a five-week high on Monday as the war in Europe, elevated inflation and the risk of a US recession further bolstered demand for the safe haven asset.
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Gold price gains 1% as US inflation data dents Treasury yields
Mining News Pro - Gold advanced for a fifth straight day as inflation data for the month of March came in slightly higher than expected, causing US Treasury yields to pull back from a three-year high.
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Gold dealers swamped by demand as war creates inflation scare
Mining News Pro - Gold is playing its age-old role as a safe haven in times of wars and crises, and people all over the world are piling in.
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Gold price approaching record high as Ukraine, inflation risks mount
Mining News Pro - Gold extended its blistering rally on Tuesday towards an all-time high as investors made a beeline for the haven metal on mounting fears about the Ukraine crisis and rising inflation.
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Caterpillar soars as investors hunt for hedges against inflation
Mining News Pro - Caterpillar Inc. shares are headed toward the biggest five-day gain since the pandemic as investors looking for a hedge against inflation flock to the mining- and construction-equipment maker.
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Inflation, volatility from Ukraine war to have impact, says BHP CEO
Mining News Pro - Volatile commodity prices are having a “dramatic” impact on businesses, BHP Group CEO Mike Henry said on Tuesday, flagging inflationary concerns following Russia’s war on Ukraine.
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Visit: 637
China’s big commodity inflation scare is easing
Mining News Pro - The commodities boom that helped propel producer inflation to a 26-year high in China is showing signs of waning, with the forces that pushed prices up over the past year now in retreat.
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Gold price holds near 5-month high as inflation pressures remain
Mining News Pro - Gold prices bounced back on Wednesday, holding near their highest levels since June, as inflation worries continue to push investors toward the safe-haven metal.
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Visit: 318