Keyword: "gold price"

Mining News Pro - Gold prices rose past the $1,900 an ounce level on Monday, supported by worries over a spike in covid-19 cases around the globe and uncertainty surrounding the upcoming US presidential election. However, a stronger dollar limited bullion’s advance.

Mining News Pro - Freeport McMoRan beat analysts’ estimates for third-quarter profit, as the miner benefited from higher gold prices due to the covid-19 pandemic and cost cuts.

Mining News Pro - Gold prices steadied in a tight range around the $1,900 level on Friday, but fading chances of a stimulus agreement before the US presidential election kept bullion on track for its first weekly decline in three.

Mining News Pro - Gold prices fell below $1,900 an ounce on Tuesday as the dollar rallied on an impasse over US stimulus. Investors also latched onto a slightly less stark economic report card from the International Monetary Fund, which alleviated some of the economic concerns surrounding the covid-19 crisis.

Mining News Pro - Gold declined further on Friday and is now set for its biggest weekly loss since the coronavirus panicked global markets in March.

Mining News Pro - Gold continued its slide to a new two-month low on Wednesday as positive momentum for stocks and a strengthening dollar undercut investor appetite for bullion, while a lack of additional stimulus to aid the global economy on the road to recovery added further pressure on the precious metal.

Mining News Pro - The current gold price presents a great opportunity to lock in the higher price for the future, says Harmony Gold FD Boipelo Lekubo, against the backdrop of Harmony’s hedging programme realising gains of R2.2-billion since its inception, but the recent dollar and rand gold prices also negatively impacting on the valuation of the gold hedges.

Mining News Pro - Gold prices have experienced an erratic run in recent weeks, falling from $2776.19 an ounce on August 18 to as low as $2647.95 an ounce on September 8, according to ABC Bullion.

Mining News Pro - Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684 million due to a 31% increase in gold prices.

Mining News Pro - Gold prices eased on Monday as the dollar made gains, although economic uncertainties kept it from falling further as investors await developments from central banks.

Mining News Pro - Gold continued to decline on Thursday as both the US dollar and Treasury yields rose after Federal Reserve Chair Jerome Powell shifted the central bank’s inflation target in a widely expected move.

Mining News Pro - A strong gold price supported Aim-listed Shanta Gold’s profitmaking to $15-million for the six months ended June 30.

Mining News Pro - Gold recovered from the 3% loss recorded last session as US employment data took a turn for the worse with unemployment claims unexpectedly topping one million again, while the Federal Reserve minutes reiterated concerns over economic recovery.

Mining News Pro - Gold prices climbed back above the $2,000 an ounce level on Tuesday as renewed tensions between the US and China boosted demand for haven assets.

Mining News Pro - Gold rebounded from its worst weekly performance in nearly five months as a weaker dollar and pullback in US treasury yields bolstered investor demand for safe-haven assets.

Mining News Pro - Gold prices have fallen below $US2000 ($2783.08) to $US1911.25 an ounce overnight, marking the greatest fall since June 2013.

Mining News Pro - Gold’s monster rally took a pause on Friday as the US dollar received some respite from investors looking for a hedge against the deepening rift between Washington and Beijing.

Mining News Pro - Egypt-focused gold miner Centamin posted on Tuesday a jaw-dropping 280% rise in net profit for the first half of 2020 compared to the same period last year, on the back of higher output from its flagship Sukari mine, falling costs and soaring metal prices.

Mining News Pro - Gold prices retreated from a record high on Monday as US and European equities rose on positive economic data and the dollar climbed. Worries over rising coronavirus cases and its impact on the global economy still remain, limiting bullion’s losses.

Mining News Pro - Gold has traded above $US2000 ($2805), another record high for the precious metal, before settling just below this peak.

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