Silver: Golden opportunity or flash in the pan? January 19, 2022 Silver prices are closing in on two-month highs of $24 per ounce, amid disappointing US manufacturing figures and inflationary pressures.
Gold glints with opportunity as Federal Reserve mulls interest rate hike to combat rising inflation January 17, 2022 Impending increases in US interest rates could power gold’s performance over the coming weeks according to market analysts, with prices currently treading water at just over $1,820 per ounce.
Gold hits a one-month high as inflation concerns mount December 28, 2021 Gold prices climbed this morning as the U.S. dollar weakened and concerns over Omicron led bullion's year-end rally to a more than one-month high.
Gold prices slide to four-month lows on fears of rates hike August 9, 2021 Gold prices dropped to a four-month low this morning amid growing concerns that the Federal Reserve could hike interest rates sooner than expected. As of 8:30, the yellow metal was hovering at $1,747.93 an ounce, just below the crucial $1,750 level, having staged a slight rally today. At one point, it fell as low as [...]
Russia’s Nordgold plots London IPO after gold price climb June 3, 2021 Russian mining giant Nord Gold has confirmed its plans today to hold an initial public offering (IPO) in London, after reaping the benefits of rising gold prices. The company, known as Nordgold, is plotting a free float of at least 25 per cent while it also plans another listing in Moscow, the group said today. Investor [...]
Foreign Secretary Dominic Raab to intervene in case over £1.4bn of gold deposited in the Bank of England June 1, 2021 In a case that is set to determine the fate of almost £1.4bn of Venezuelan gold deposited in the Bank of England, UK’s Foreign Secretary Dominic Raab has been granted permission to intervene at the Supreme Court during a hearing scheduled for next month. The case at the highest court in the land is between the [...]
Before the Bell: Silver as the star of the show February 2, 2021 Silver was the star of the show yesterday as it experienced a major rally as the cabal of Reddit-retail traders honed in on the metal to spark a short squeeze. The band of retailer traders that ratcheted up the price of Gamestop shares last week poured their funds into silver. Excitement was heating up over [...]
This morning: Silver receives Gamestop treatment on Reddit February 1, 2021 Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in a similar fashion as Gamestop last week. What silver is going through this morning is the same rude awakening financial markets received last week when a swarm of retail investors, who were chatting with each [...]
Centamin revenue leaps by more than a quarter as gold production thrives in 2020 January 19, 2021 Centamin’s full year revenue has risen by more than a quarter as the gold production firm delivered a strong 2020 performance. Yearly revenue reached $829m, a 26 per cent increase from $658.1m in 2019. Production from the Sukari Gold Mine for the final three months of the year was almost 68,000 ounces, meeting guidance set [...]
Before the Bell: Equities and copper are on a roll January 8, 2021 Equity markets in Europe and the US enjoyed rallies yesterday as traders bought stocks on the back of the view that the future Biden administration will be keen to use stimulus packages to support the economy. In late December, lawmakers signed off on a $900bn relief package but in October, Nancy Pelosi, of the Democrats, [...]