Investing.com - Gold prices breached $1,900 an ounce the first time in nine years on Friday, topping out a seven-week long rally powered by assurances of more stimulus measures worldwide to fight the coronavirus. U.S. gold futures on New York’s Comex settled up $7.50, or 0.4%, at $1,897.50 per ounce. The session peak was $1,904.10,
Copper prices gained more than 26 percent in the second quarter of the year, rebounding from four year lows hit on the back of the coronavirus pandemic.The second half of the year could see the red metal maintain these levels. Capital Economics is expecting copper to push a little higher in Q3, albeit not as
Potential Acquirer #1: We had one of their managers, in Bolivia a few weeks ago. We went up to the mine and showed him our newly found lens as well as our progress on our improvements to the A-Zone. He appeared to be amazed at our progress and even more amazed at the sight
The third quarter of 2019 was eventful for the gold sector, with two interest rate cuts from the US Federal Reserve, a price rally and subsequent pullback and lots of speculation.The yellow metal started Q3 trading at US$1,383.70 per ounce and trended higher for the majority of July. As of August 1, gold was at
Copper has had a turbulent third quarter, with prices heating up during July only to fall dramatically by September. Copper production also struggled, as both US and Chinese manufacturers reported lower-than-projected numbers. With no end in view for US-China trade talks, analysts are forecasting that copper prices will remain shaky as the two powerhouses face off
Unlike Q2, which was relatively slow for silver, Q3 brought major moves from gold’s sister metal, spurred on in part by two US Federal Reserve interest rate cuts. The precious metal, which was also driven by gold’s gains, started the three month period selling for US$15.11 an ounce and spent much of July trending higher. The August story was similar, with
Zijin Mining (OTC Pink:ZIJMF,HKEX:2899) has announced plans to increase its stake in Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) to 13.88 percent in a C$194 million private transaction with CITIC Metal Africa and Ivanhoe Mines founder Robert Friedland. “This rebalancing share purchase and sale agreement once again proves the high level of trust and strategic cooperation between Ivanhoe Mines, CITIC Metal and Zijin
Management is pleased to announce that the Company has just finished another round of meetings last week with representatives from a large Chinese Company that trades on the Shenzhen Stock Exchange. These meetings were follow-up to their presence over the last three months. The Chinese Company has reiterated their interest in our copper/gold/silver project
Copper has had an interesting quarter—while looking at its start and end points for Q2, the red metal has failed to regain lost ground from the very start of 2018, but during the quarter copper reached four-year highs. Analysts are predicting that copper will fall in value through to the third quarter of the
Copper is currently just over $3 per pound, but Leigh Goehring of research firm Goehring & Rozencwajg believes prices could rise as high as $10 during this cycle. In an interview at the recent Mines and Money conference in New York, Goehring explained that this bullish forecast stems from price action that has taken place