Market News - Gold, Oil & Forex

(RTTNews) - Gold prices were up more than 1 percent on Wednesday amid rising bets that the U.S. Federal Reserve will not hike interest rates anytime soon.

The whole Comex curve is at record levels, with 2027 contracts above $7 a pound, yet copper mining stocks had one of their worst sessions of the summer.

Saxo Bank says bullion has to hold $4,360 to keep the rally alive, with headwinds building from oil, yields and the dollar into Wednesday’s inflation print.

First Quantum is rebuilding activity at its giant Panama copper complex as the government weighs a path back to mining.

(RTTNews) - Gold was subdued on Tuesday after two consecutive sessions of gains on receding Fed hike bets and reports suggesting that China's central bank stepped up gold purchases in July.

Barrick sank as much as 9.7% after analysts judged its $1.95 billion Fourmile deal too cheap, while hedge funds turned their most bullish on gold in six months.

New mines won't break China's grip as Western refining, customer qualification, and revenue certainty lag, says Rebecca Seidl-Englesby.

(RTTNews) - Gold prices held steady on Monday after U.S. employers unexpectedly cut jobs in July and hiring figures for the prior two months were also revised downward, helping ease the risk of an immediate U.S. interest-rate hike.

An $18 billion July gain hides stock swings of 40% in a month, a $50 billion gap at the top no ranking has seen before, and a spinning revolving door at the bottom.

The company is backed by Robert Friedland, who said the Syerston project “will be the world’s first source of primary mine supply for scandium end-users”.   

Bullion’s two-month high sent producers sharply higher, while junior miners and the TSX Venture posted outsized gains.

The logistics behind critical minerals is the determining factor on who gets to win in this market.