Gold fails to crumble as trade deal hit meets dollar’s decline
Businessam Staff
December 13, 2019
Gold held its own on Friday as investors weighed bullion’s merits heading into 2020 after the US and China managed a breakthrough in their bitter and drawn out trade dispute, with the commodity’s initial losses driven by weaker haven demand offset by a slump in the dollar. Bullion fluctuated after President Donald Trump signed off […]
Gold falls as investors keep faith for a withdrawal on Dec. 15 tariff deadline by the U.S
Businessam StaffDecember 10, 2019
Kenneth Afor
Gold reaches 1-month high after Trump’s comment on trade deal extension with China
Businessam StaffDecember 4, 2019
Kenneth Afor
Gold returns weak as lack of interest between US-China trade deal lingers
Businessam StaffNovember 20, 2019
Kenneth Afor
Gold gains as dollar weakens after Fed’s interest rate cut
Businessam StaffOctober 31, 2019
Gold prices climbed on Thursday as the U.S. dollar weakened after the Federal Reserve cut interest rates for the third time this year, but signalled the monetary-easing cycle would be paused. Hopes that the United States and China will sign a preliminary agreement and call a truce to their 16-month trade war was also a […]
Iron Ore, Gold Surge Propel S. Africa Miners to 11-Year High
Businessam StaffJune 13, 2019
The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008. Anglo American Plc, BHP Group Plc and AngloGold Ashanti Ltd. have contributed most to this year’s […]
Stakeholders seek development of gold business
Businessam StaffJune 7, 2019
Nigeria’s gold refinery, Kian Smith Gold Refinery, in collaboration with Noemdek, a Nigeria-based international advisory firm, has said they will create an avenue for stakeholders to brainstorm on the development of gold business in West Africa. In a statement, the organisations said they planned to do this during their upcoming event aimed at strengthening West […]
Gold poised for gains as global markets brace for turmoil: Reuters poll
Businessam StaffMay 2, 2019
A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll of 34 […]
Gold will break out of slump and test 2018 highs: Standard Chartered’s precious metals expert
Businessam StaffApril 22, 2019
As gold prices sink to worst levels of year, Standard Chartered predicts a test of 2018 highs With gold prices sinking to 2019′s lowest level last Thursday, Standard Chartered’s Suki Cooper believes they’re closing in on oversold territory. One of her key assumptions: The Federal Reserve keeps its interest rate hike policy on hold through […]
Gold gains on softer dollar, focus on U.S.-China talks
Businessam StaffApril 4, 2019
Gold prices rose on Thursday as the U.S. dollar traded close to a one-week low hit in the previous session, while investors awaited progress on the Sino-U.S. trade negotiations. Spot gold climbed by 0.2 per cent to 1,292.16 per ounce as of 0756 GMT. U.S. gold futures firmed 0.1 per cent at 1,296.80 dollar an […]