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If there's only one thing you've learned about the indictment of Sen. Bob Menendez, it's probably that bars of gold were found in his home.
The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go entirely dark, experts suggest, even if they’re dragged out longer than crypto firms had hoped.
Higher oil prices likely won't cause consumer spending and gross domestic product (GDP) to decline, Goldman Sachs analysts said in a research note, and not all analysts expect oil prices to remain high.
Peru's largest copper mine, Antamina, plans to start work next year on a delayed project to extend the lifespan of its site until 2036, the firm's president said, while awaiting official approval of the environmental license. Victor Gobitz, president of Antamina, controlled by Glencore , BHP, Teck and Mitsubishi, told Reuters the bulk of an estimated $2 billion investment will be spent in 2025. Antamina had hoped to win environmental approval for the so-called "Antamina Replenishment" project in the first half of this year, but the country's mines and energy ministry said it would approve this by the end of 2023.
Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul on Monday at the Asian Games, while a nine-year-old skateboarder melted hearts.The other four races all went the way of China's swimmers, with the hulking 24-year-old Qin adding Games 100m breaststroke gold to his recent world title.
On Friday, September 22, the U.S. stock markets closed in the red following a turbulent week highlighted by 16-year highs in benchmark Treasury yields and a hawkish outlook from the Federal Reserve. The S&P 500 and the Nasdaq experienced their steepest week-to-week declines since March. Most sectors in the S&P 500 finished with losses. The Dow Jones Industrial Average dipped 0.31% to 33,963.84. The S&P 500 declined by 0.23%, settling at 4,320.06, and the Nasdaq Composite dropped 0.09% to close a
Shares of Coeur Mining (NYSE: CDE) climbed as much as 10.4% early Friday, then settled to trade up 6.6% as of 3:30 p.m. ET following a notable analyst upgrade for the precious metals mining company. In a note to clients early Friday, RBC Capital analyst Michael Siperco raised his rating on Coeur Mining shares to outperform from sector perform. The timing of this call is no coincidence; Coeur Mining recently participated in RBC Capital's Global Mining and Materials Conference in mid-June 2023.
Argentina's mining exports will reach around $4.5 billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector's main business chamber told Reuters late Thursday. Roberto Cacciola, who has just taken over as president of the Argentine Chamber of Mining Entrepreneurs (CAEM), said in an interview "the final number of exports will be closer to $4.4 or $4.5 billion in 2023."
On Thursday, Sept. 21, the U.S. stock markets ended significantly lower, with investors analyzing economic data after the Federal Reserve’s decision on interest rates. U.S. jobless claims dropped to 201,000 for the week ending Sept. 16, the lowest since January, compared to the expected 225,000. The Q2 current account deficit narrowed to $212.1 billion, better than the forecasted $221.0 billion gap. The Dow Jones Industrial Average finished the day 1.08% lower, ending at 34,070.42. The S&P 500 r
Gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors digested a still hawkish stance from the Federal Reserve. Spot gold rose 0.3% to $1,925.21 per ounce by 1:59 p.m. EDT (1759 GMT), following three sessions of losses. "The main focal point is the idea that Fed will keep rates higher for longer and that has driven the dollar, yields higher and has applied pressure to not just gold, but commodity markets across the board," said David Meger, director of metals trading at High Ridge Futures.
Fortuna (FSM) acquires Chesser Resources in a move to augment its presence and portfolio in West Africa.
Gold prices experienced a dip on Thursday, influenced by the U.S. Federal Reserve's hardened hawkish policy stance. This led to a stronger U.S. dollar and higher bond yields, which further discouraged the buying of non-interest-paying bullion. Spot gold slid by 0.3% to $1,924.68 per ounce, and U.S. gold futures fell by 1.1% to $1,944.90.
Gold extended its decline for a third consecutive on Thursday, weighed by the surge in the U.S. dollar and U.S. bond yields after the Federal Reserve hardened its hawkish posture on interest rates. Spot gold shed 0.5% to $1,920.10 per ounce by 1149 GMT, having briefly touched its highest since Sept. 1 before closing lower in the previous session. The Fed held interest rates steady on Wednesday, but its updated quarterly projections showed that rates may be lifted once more this year and kept tight through 2024.
Gold has long been an asset class that investors have turned to during times of economic uncertainty. However, in State Street Global Advisors’ recent Gold ETF Impact Study, the firm reported that “36% of surveyed investors don’t invest in gold because they don’t know enough about the ways that they can invest in gold.” Investors can [...]
Gold prices experienced a minor decline on Wednesday as investors adopted a cautious stance in anticipation of the Federal Reserve's imminent interest rate decision. The precious metal's price was further pressured by an increase in U.S. Treasury yields and a robust U.S. Dollar, with spot gold dipping by 0.1% to $1,930.22 per ounce, and December gold futures also declining by 0.1%, reaching $1,950.95 per ounce at 00:28 ET (04:28 GMT).
On Tuesday, September 19, the U.S. stock markets closed lower, driven by risk-off sentiment, as the U.S. Federal Reserve began its highly anticipated two-day monetary policy meeting. The U.S., housing starts dropped 11.3% in August to an annualized rate of 1.283 million, the lowest since June 2020, while building permits increased 6.9% to an annual rate of 1.543 million, the highest in 10 months. The Dow Jones Industrial Average finished the day 0.31% lower, ending at 34,517.73. The S&P 500 reco
Gold prices experienced a modest increase for the fourth consecutive session on Wednesday, as investors await key decisions on interest rates from major central banks, including the Federal Reserve, Bank of Japan, and Bank of England. The December delivery gold price saw a slight rise of 70 cents, or less than 0.1%, reaching $1,936 per ounce on Comex. This follows Tuesday's settlement at $1,953.70 per ounce, the highest recorded since September 1.
The financial market's attention is firmly on the upcoming Federal Reserve's policy meeting, with its potential implications for gold prices, silver, and the Canadian dollar. As per the CME’s FedWatch Tool, the prevailing consensus anticipates that the Fed will maintain the current interest rates, with a one-in-three chance of another rate hike before 2024 ends.
Gold slightly pared gains on Wednesday after the U.S. Federal Reserve held interest rates unchanged but struck a hawkish stance for future policy. Spot gold was up 0.6% at $1,942.19 per ounce at 2:41 p.m. EDT (1841 GMT) after rising as much as 0.9% earlier in the session. U.S. gold futures settled 0.7% higher at $1,967.10.
She already rules music, so now it's on to Tinseltown: Taylor Swift's concert documentary is poised to dominate the fall movie season, challenging the hegemony of film studios and consecrating her business empire."I think we could be talking about the biggest film of the fall season, which is pretty incredible," he told AFP -- even if, for now, only screenings in the United States are on the books.