Gold

Gold prices climbed on Thursday as the U.S. dollar weakened after the Federal Reserve cut interest rates for the third time this year, but signalled the monetary-easing cycle would be paused. Hopes that the United States and China will sign a preliminary agreement and call a truce to their 16-month trade war was also a […]

The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008. Anglo American Plc, BHP Group Plc and AngloGold Ashanti Ltd. have contributed most to this year’s […]

Nigeria’s gold refinery, Kian Smith Gold Refinery, in collaboration with Noemdek, a Nigeria-based international advisory firm, has said they will create an avenue for stakeholders to brainstorm on the development of gold business in West Africa. In a statement, the organisations said they planned to do this during their upcoming event aimed at strengthening West […]

A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll of 34 […]

As gold prices sink to worst levels of year, Standard Chartered predicts a test of 2018 highs With gold prices sinking to 2019′s lowest level last Thursday, Standard Chartered’s Suki Cooper believes they’re closing in on oversold territory. One of her key assumptions: The Federal Reserve keeps its interest rate hike policy on hold through […]

Gold prices rose on Thursday as the U.S. dollar traded close to a one-week low hit in the previous session, while investors awaited progress on the Sino-U.S. trade negotiations. Spot gold climbed by 0.2 per cent to 1,292.16 per ounce as of 0756 GMT. U.S. gold futures firmed 0.1 per cent at 1,296.80 dollar an […]

Production of gold by South African mines retreated the most in six years in December as a strike at the nation’s top producer of the metal continued. Gold output declined 31 percent from a year earlier, compared with a revised 14 percent drop in November, Pretoria-based Statistics South Africa said in a statement on its […]