March 20 (Reuters) - Canadian Miner Barrick Gold said on Wednesday it was looking to invest in new gold and copper opportunities in the Democratic Republic of Congo, in partnership with the government. (Reporting by Seher Dareen in Bengaluru; Editing by Shilpi Majumdar)
Chinese buyers, spooked by a protracted property slump and a recent stock-market rout, are rushing toward gold as economic uncertainty looms, propelling a global bullion rally.
The world's largest gold miner Newmont shares surged 12.5% on Apr 25 after the company's first-quarter 2024 earnings surpassed estimates by a huge margin of 57.7%.
The UK stock market is shrinking at its fastest pace in history amid a wave of foreign takeovers which have propelled the FTSE 100 to its strongest week in eight months.
(Bloomberg) -- Gold is headed for its first weekly loss in six as investors booked profits after the metal’s months-long rally. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesThe Long, Slow Death of Urban NightlifeWall Street Humbled as Fast-Reversing Markets Confound the ProsBullion has gained about 17% since a low in mid-Febru
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(Bloomberg) -- A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesThe Long, Slow Death of Urban NightlifeWall Street Humbled as Fast-Reversing Markets
Central banks have long been supporting players in the demand for gold. But the sanction on dollar assets slapped on Russia convinced central banks, led by China, to buy heavily.
Gold prices held gains on Friday after data showed that U.S. inflation rose in line with expectations, but the safe-haven metal was on track for a weekly fall as some geopolitical risk premiums eased. Spot gold was 0.3% higher at $2,338.65 per ounce by 1:47 p.m. ET (1747 GMT). The U.S. personal consumption expenditures (PCE) price index increased 0.3% last month, in line with forecasts, a development that is unlikely to change expectations that the Federal Reserve will hold off cutting interest rates until September.
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.
On the High Street in Hungerford, a historic market town about an hour west of Reading, is Nigel Montgomery’s stamp and coin shop. He has traded...