|Day's Range||839.50 - 853.40|
Output retreated 19 percent from a year earlier, Pretoria-based Statistics South Africa said in a statement Thursday. Key InsightsProducers in South Africa, which operate some of the world’s deepest and most labor intensive mines, have been forced to reduce output and cut thousands of jobs as they struggle to contain operating costs. The continent’s most-industrialized economy fell into its first recession in almost a decade in the second quarter.Sixty-nine workers have died in South African mines so far this year, with the nation’s gold mines accounting for more than half of the fatalities, Mineral Resources Minister Gwede Mantashe said last month.
The amount of energy required to mine bitcoin, or digital gold as some proponents like to call it, is considerably higher than that of physical gold, a research study has found.
Investing.com - Gold prices moved higher on Tuesday as voting in the U.S. midterm elections got underway and traders opted for safety ahead of the outcome.
Investing.com - Gold prices rebounded on Thursday from the almost three week lows reached in the previous session as the dollar weakened broadly.
A blockchain startup is hoping to get a cut of a potentially trillion-dollar industry, after it took over a space company set up to mine near-Earth asteroids. The space mining startup has had some high-profile backing since forming in 2009, including Google co-founder Larry Page, who was involved in a $21.1 million funding round in 2016. "Over the course of nearly a decade, Planetary Resources has simultaneously pioneered technology, business, law and policy, and brought the promise of space resources irreversibly closer to humankind's grasp," said Chris Lewicki, a former Nasa worker who helped co-found Planetary Resources.
Terry McConnachie has been the CEO of Sylvania Platinum Limited (LON:SLP) since 2010. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then Read More...
Spot gold (XAU=) was down 0.3 percent at $1,229.43 an ounce by 13:57 p.m. EDT (1757 GMT). Prices had risen to $1,239.22 earlier, near a more than three-month high of $1,239.68 hit on Tuesday as the stock market sell-off spurred interest in gold, considered a safer investment. "Normally you would see gold trading significantly higher with this volatility, concerns in equity markets and global economic slowdown.
Investing.com - Gold dipped on Wednesday as profit-taking on its outsize gains in the previous session and strength in the dollar halted the race towards the $1,250 level targeted by holders of options contracts.
Investing.com - Gold prices slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs.
(Bloomberg) -- Anglo American Plc will dig more platinum than expected this year, while diamond production from its De Beers business will be at the top end of its guidance range.
Investing.com - Gold prices surged around 1% on Monday to reach the highest level in three months as a combination of concerns over rising U.S. yields and the impact of trade conflict, along with geopolitical risks and a weaker dollar, underpinned demand for the precious metal.
Investing.com - Gold hit two-week highs before settling a touch lower, but still above the $1,200 perch Thursday as profit-takers cashed in on the safe-haven demand for bullion that's been trending lately.
Investing.com - Gold prices rose to fresh two-week highs on Thursday as the dollar reversed early gains and U.S. stocks opened lower as a spike U.S. bond yields weighed, bolstering safe haven demand for the precious metal.
Investing.com - Gold prices dipped on Wednesday as global demand for safe havens faded amid reduced tensions over Italy’s budget woes. But the precious metal still hit a two-week high before declining and held onto its key $1,200 perch, signaling there were enough investors seeking a hedge to possible inflation from upcoming U.S. rate hikes and strong economic growth.
Gold prices fell on Monday as the greenback rose amid easing trade tensions and investors rallied to equities. Comex gold futures for December delivery fell 0.34% to $1,192.10 a troy ounce as of 11:36 AM ET (15:36 GMT). The U.S. and Canada reached a trade deal on the North American Free Trade Agreement (NAFTA) on Sunday night, just hours before the deadline, easing trade tensions across the globe.
Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets. The company will issue a blockchain-powered Tiberius Coin, the value of which will be tied to the price of copper, aluminum, nickel, cobalt, tin, gold and platinum.
Investing.com - Gold fell on Wednesday, with its key $1,200 perch turning vulnerable after the Federal Reserve announced a much-anticipated third U.S. rate hike for the year, which brought out profit-takers in bullion.
A gauge of global equity markets eased and the U.S. dollar index slipped against a basket of major currencies, boosting gold, as investors took a dim view of an expected new round of tariffs from Washington on Chinese goods, which would escalate a simmering U.S.-Sino dispute over trade. There's a bit of worry about China helping gold," said Bart Melek, head of commodity strategies at TD Securities. Spot gold was up 0.7 percent at $1,201.01 an ounce by 1:37 p.m. EDT (1737 GMT), after hitting a 5-day low of $1,192.57 and falling 0.6 percent on Friday, when it marked its third straight weekly decline.
Investing.com - Copper prices fell on Friday as reports suggesting President Donald Trump was ready to impose tariffs on China raised concerns about demand for metals.
Other metals were mostly down on the Comex, with silver futures falling 0.48% to $14.175 a troy ounce. Among other precious metals, platinum futures inched down 0.17% to $801.90, while palladium futures increased 0.66% to $9725.10 an ounce. Copper futures lost 0.34% to $2.674 a pound.
Gold edged higher on Friday, lifted by a weaker dollar, but gains were tempered by expectations of a U.S. rate hike later this month. The dollar index slipped to a 1-1/2 month low after weaker-than-expected U.S. inflation data and a recovery in emerging markets, but had recovered to trade nearly flat in the European afternoon. U.S. gold futures were up 0.2 percent at $1,210.40 an ounce.
Gold edged higher on Friday, lifted by a weaker dollar, but gains were tempered by expectations of a U.S. rate hike later this month. Spot gold was up 0.3 percent at $1,204.83 an ounce by 1225 GMT, having hit its highest since Aug. 28 at $1,212.65 on Thursday. U.S. gold futures were up 0.2 percent at $1,210.40 an ounce.
Comex gold futures for December delivery fell 0.17% to $1,200.10 a troy ounce as of 4:54 AM ET (8:54 GMT). Investors are closely watching trade developments after U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods.
Which should you use for everyday purchases – a debit card or a credit card? It might not seem like there’s a lot of difference between those two options, but a closer examination reveals a number of advantages to using a credit card, especially at the gas pump. Then consider that gas stations are on the frontline of this trend.
Zimbabwean President Emmerson Mnangagwa on Friday appointed former banker Mthuli Ncube as finance minister and kept Winston Chitando in charge of mining, placing two technocrats at the helm of plans to rescue the country's battered economy. Mnangagwa won a disputed vote on July 30, the first election in the southern African nation since Robert Mugabe was removed by the army last November after nearly four decades in power.