India Business News: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retaRead full newsRead More
The rush for bullion, unsurprisingly comes amid the worst public-health crisis in generations, but what does the climb in the centuries-old haven asset mean...Read full newsRead More
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When Mike Green of Logica Capital Advisors posted his thoughts on the direction of stocks March 26th, he suggested there was almost an inevitability of higher equity prices. In making his dispassionate and prescient bullish call he said: Then the unavoidable conclusion is that markets could aggressively reprice higher as money flows into passive strategies; this becomes particularly true if the...Read More
Stephanie Kelly, Koustav Samanta, Bozorgmehr SharafedinRead full newsRead More
(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More
Since the year beginning, oil exports went down by 8.8%, to 140.2 million tonnesRead full newsRead More
Comex December gold futures had touched $2,009.50/oz earlier but were around $1,998/oz at the time of writing.Spot gold was worth about $1,981/oz.US growth took its worst hit on record in the second quarter, while the S&P 500 stands some 4% below all-time highs, Reuters reported, with the continued divergence between stocks and the real economy worrying some investors."With US real interest ra...Read More
Gold stocks continue to dominate the mid-pandemic stock markets. For a mix of momentum and safety, this asset class cannot be beaten amid high uncertainty and crushing market forces. In particular, Centerra Gold (TSX:CG) shot up 6% today, as investors woke up to its mix of growth and value. Its share price has now seen an outstanding 50% growth in the last three months.This is still a strong play...Read More
Self-directed investors can start making money online with stocks after they’ve created a stock investing account at a financial institution. There are two straightforward ways to make money — through price appreciation and dividends.What drives stock price appreciation?Two things drive stock price appreciation: business performance and valuation expansion. Here are examples for illust...Read More
Image from Metso Outotec. Metso Outotec closed on Monday the acquisition of the Australia-based fastener and wear monitoring technology provider Davies Wear Plate Systems, extending its wear lining portfolio and capabilities. The acquired technology includes fasteners with a unique locking mechanism that does not require traditional studs and nuts and enables faster and safer...Read More
Los Santos tungsten mine, Spain. Image by Almonty Industries. The global tungsten industry has yet to achieve success in expanding a supply chain outside China's dominant resource base, but new raw material sources could change the picture.Tungsten is a rare earth element (REE) and is on the US government's list of minerals considered critical to its economic and national security.The mineral is...Read More
File image. Barrick Gold (NYSE:GOLD, TSX:ABX) announced Monday it has grown its exploration team through the appointment of geologists Aoife McGrath and Leandro Sastre in the newly created positions of vice president exploration for Africa and Middle East, and Latin America and Asia Pacific respectively.The world's second-largest gold miner in March unveiled a 10-year production plan aimed at b...Read More
Brucejack mine, British Columbia. Image from Pretium Resources An incident took place last Friday at Pretium Resources' (TSX, NYSE: PVG) Brucejack mine near Stewart, British Columbia, leading to the death of one worker, the company reported over the weekend.The isolated incident occurred during maintenance at a support facility on surface, Pretium said in a media statement.The injured employee wa...Read More
Gold reversal. Stock image. Gold prices retreated from a record high on Monday as US and European equities rose on positive economic data and the dollar climbed. Worries over rising coronavirus cases and its impact on the global economy still remain, limiting bullion's losses.Spot gold fell 0.4% to $1,967.97 per ounce by noon EDT, after reaching an intraday high of $1,984.70 per ounce. Gold futur...Read More
There hasn't been this much excitement surrounding gold in a decade. Surging demand, record-breaking prices, and safe-haven appeal have put the yellow metal on the front page of every financial media news outlet over the past several weeks.Major institutions like Bank of America, Goldman Sachs, and Citigroup are all predicting gold prices well over $2,000 an ounce. And there are forecasts from ind...Read More
The velocity of the moves in the precious metals space is accelerating as I anticipated it would. Gold has now made a new all-time high and silver - which typically overshoots to the upside or to the downside - has now breached the $20.50/oz. line I felt was critical before a real sustainable breakout could happen. If history serves as a guide, silver has a lot of catching up to do and while $50...Read More
Russian Energy Minister Alexander Novak said earlier that Russia's compliance rate in June had been 99%Read full newsRead More
(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More
Karangahake Gorge Historic Walkway in Karangahake, New Zealand, follows an old railway line with access to an abandoned gold mine. Bring a flashlight.Read full newsRead More