An Anticipated Gold Decline Attracts Global Bargain Hunters
Stock image. As pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous. Gold is “an overcrowded trade that’s overextended by every technical metric,” Nicky Shiels, head of research at precious metals refiner MKS Pamp SA, wrote to clients on Oct. 6. On Monday, […]
Newmont Reportedly Considering Acquisition of Barrick’s Valuable Nevada Assets
Nevada Gold Mines, the world’s biggest gold mining complex. (Image from Barrick) Newmont Corp. (NYSE: NEM) is studying a potential deal to gain control of Canadian rival Barrick Mining’s (TSE: ABX) prized Nevada gold assets, people with knowledge of the matter said. Denver-based Newmont has a minority stake in a Nevada gold mining joint venture […]
M23 Rebels Deny Allegations of Gold Theft from Eastern Congo Mine
The M23 armed group on Thursday denied accusations that its fighters had looted at least 500 kilograms of bullion from Twangiza Mining’s gold concession in eastern Democratic Republic of Congo. The firm operating in South Kivu province, much of which is under M23’s control, said this week that M23 had “secretly transported (the gold) through […]
From FOMO to Margin Call Anxiety: Gold’s Turbulent Journey Takes a New Turn
Stock image. Gold’s remarkable rise has moved into a new phase with the swelling influence of speculators bringing greater volatility yet market players are sticking with forecasts for higher prices in 2026 even if central bank demand eases. On track for its biggest yearly rise since 1979, gold’s 54% rise year to date has seen […]
Barrick’s Mali Mine Reopens Under State Management After Seizure
Operations restarted at Barrick Mining Corp.’s massive gold mine in Mali for the first time in more than nine months, after a state administrator took over the asset in June, according to people familiar with the matter. Barrick shuttered the Loulo-Gounkoto complex in January after the West African nation blocked exports, seized gold and detained […]
Gold Prices Reach All-Time High Amid US-China Talks and Rate Cut Decision
Gold set a new record on Monday, rebounding from Friday’s drop, as uncertainty over US-China trade talks as well as expectations of a Federal Reserve rate cut fueled demand for the safe-haven metal. Spot gold rose as much as 2.9% to $4,380.89 an ounce, surpassing its all-time high from last week before the selloff. US […]
Gold’s Historic Rally Brings Added Benefits for Emerging Markets
A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal. In South Africa, home to the world’s deepest gold mines, stocks are on track for the best year in two decades, with shares of miners like Sibanye Stillwater Ltd., AngloGold […]
Record Gold Prices Shift Indian Festive Demand from Jewelry to Coins
Stock image. Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival on Saturday, fuelled by hopes that the precious metal’s glittering rally would continue, industry officials told Reuters. Dhanteras, which marks the start of the five-day Diwali festival of lights, is considered auspicious for buying gold and […]
Gold and Mining Stocks Still Underinvested Despite Recent Gains, Says Sprott
Pouring a gold bar. Stock image. Gold and gold mining stocks have not only surged past the S&P 500 this year but have also quietly outperformed over the past three, five and even ten years—a remarkable run that has unfolded with limited investor participation. Yet despite their impressive returns, the sector remains deeply undervalued, according […]
Gold and Silver Prices Soar to Record Highs Amid Credit Concerns and US-China Tensions
AI-generated stock image. Gold and silver touched all-time highs as fears about credit quality in the economy and heightened US-China frictions strengthened demand for havens, while investors piled into bets that the Federal Reserve could deploy an outsized rate cut this year. Bullion rose as much as 1.2% to $4,379.96 an ounce on Friday — […]