Category: International

Gold prices jumped as much as 1% on Wednesday, propelled by sliding US Treasury yields and renewed concerns about the pandemic, driving investors towards haven assets. Spot gold rose 0.8% to $1,791.60 an ounce by 12:15 p.m. ET, having earlier hit its highest in nearly two months at $1,797.55. US gold futures saw a gain of 0.9% to $1,794.90 an ounce in New York. “Gold’s pain over the last couple of months has been the rising Treasury yields and now that has pretty much been alleviated,” Edward Moya, senior market… Read More Here

Despite being adversely affected by the covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover and miners ramp up operations. To see which mining operations were the biggest contributors to the world’s gold output, MINING.com and sister company MiningIntelligence collaborated to provide a ranking of the top gold producers based on production for the 2020 calendar year. All in sustaining costs (AISC) are calculated from quarterly reported costs and production. AISC takes into account administrative, exploration, reclamation and other… Read More Here

2020 was a mixed bag for gold producers. On the one hand covid-19 forced many to temporarily halt operations, due to government-imposed lockdowns. Yet last year also saw gold hit a record $2,034 per ounce, due mainly to pandemic-related demand shocks, including a sharp drop in the US dollar; the flight from equities to bonds, which drove yields to record lows, thus supporting investments in gold; and monetary easing across the major central banks, comprising a resumption of quantitative easing (mainly bond buying) designed to drive down interest rates and… Read More Here

Gold prices rose to their highest since late February following declines in both the dollar and bond yields Thursday, placing the precious metal on course for a second straight weekly gain. Spot gold jumped 1.7% to $1,767.18 per ounce by 11:50 a.m. ET. Gold futures for June delivery gained 1.9%, trading at $1,769.70 per ounce in New York. Meanwhile, a gauge of the US dollar fell as much as 0.2%, and 10-year Treasury yields dropped to the lowest in about a month. Their declines came after US retail sales accelerated in March… Read More Here

Gold prices rebounded on Tuesday from their lowest levels in more than a week after new data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the dollar. Spot gold reversed to a gain of 0.7% to $1,746.41 an ounce by 1:40 p.m. EST, after hitting an intraday low of $1,723.67 earlier in the session. US gold futures advanced 0.8% to $1,747.30 an ounce in New York. Meanwhile, US consumer prices rose by the most in more than 8-1/2 years in March,… Read More Here