Gold prices rose to a seven-week high
on Friday and were on track for their best week since
mid-December as retreating U.S. Treasury yields and a softer
dollar bolstered the metal's appeal.
Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust remained unchanged on Thursday
from Wednesday, while holdings of the largest silver-backed ETF, New ...
Gold prices scaled a seven-week high on
Friday and were set for their best weekly gain since
mid-December as a pullback in U.S. Treasury yields and the
dollar lifted the metal's appeal.
Gold prices held steady near their
highest since late-February on Friday, en route to their second
straight weekly gain, boosted by a drop in U.S. Treasury yields
and a weaker dollar.
Gold prices were steady on Friday as
robust U.S. economic data nullified support from lower Treasury
yields, although the metal looked set to post a second straight
weekly gain on inflationary ...
Global steel demand will power ahead by 5.8% this year as economies recover from the COVID-19 pandemic, but growth will retreat next year as the impact of stimulus spending diminishes, the World Steel Association said on Thursday.
Barrick Gold Corp (GOLD) on Thursday maintained its full-year outlook even as gold production slipped nearly 9% in the first quarter, and also forecast higher output in the second half of the year as the Canadian miner ramps up some operations.
Global steel demand is expected to rise by 5.8% this year to 1.874 billion tonnes as the global economy recovers from the coronavirus crisis, a larger gain than was forecast in October, the World Steel Association said on Thursday. The industry group previously forecast a 4.1% increase in demand for 2021.
Barrick Gold Corp (GOLD): * SOLID Q1 PUTS BARRICK ON TRACK TO ACHIEVE 2021 PRODUCTION TARGETS. * SOLID Q1 PUTS BARRICK ON TRACK TO ACHIEVE 2021 PRODUCTION TARGETS. * Barrick Gold Corp (GOLD) - REPORTED PRELIMINARY Q1 SALES OF 1.09 MILLION OUNCES OF GOLD AND 113 MILLION POUNDS OF COPPER. * Barrick Gold Corp (GOLD) - PRELIMINARY Q1 PRODUCTION OF 1.10 MILLION OUNCES OF GOLD AND 93 MILLION POUNDS OF COPPER.
Miner Barrick Gold said on Thursday its first-quarter gold production fell nearly 9% from the previous quarter, dented in part by lower grades at its Pueblo Viejo mine in the Dominican Republic. Total preliminary gold production fell to 1.10 million ounces in the quarter ended March 31 from 1.21 million ounces in the previous quarter.
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