* Palladium slips after hitting record high. * Oil prices surge after attacks on Saudi oil facilities. * U.S. Fed, BoJ meetings in focus later in the week. By Asha Sistla. Gold gained 1% on Monday after attacks on oil facilities in Saudi Arabia fuelled concerns of a further escalation in Middle East tensions and pushed investors towards safe-haven assets.
Gold prices look to have established a new floor at $1,500 per ounce, Kinross Gold Corp's (KGC) chief executive officer said on Monday, giving the Canadian miner confidence to push ahead with expansion plans at a key West African mine.
Gold prices look to have established a new floor at $1,500 per ounce, Kinross Gold Corp's (KGC) chief executive officer said on Monday, giving the Canadian miner confidence to push ahead with expansion plans at a key West African mine.
Two current and one former JPMorgan Chase & Co executives were charged over allegedly participating in market manipulation in the trade of precious metals including gold, silver, platinum and palladium between 2008 and 2016, the Department of Justice said on Monday.
* Oil surges about 20%, world stocks slide. * Fed, BoJ meetings in focus later in the week. * Near-term support for gold sits around $1,500/oz - analyst. By Brijesh Patel. Gold rose more than 1% on Monday after an attack on key oil facilities in Saudi Arabia inflamed worries over the stability of the Middle East, driving investors to seek refuge in assets seen as a haven from risk.
Most base metals dropped on Monday, with London copper shedding as much as 1.3%, on increasing signs of slowing demand in top consumer China. Data released earlier on Monday showed China's industrial production grew at the weakest pace in 17-1/2 years last month and fixed-asset investment in January-August increased at a slightly lower rate than expected.
Gold prices jumped more than 1% on Monday as investors scurried for safe-haven assets after weekend attacks on Saudi Arabia's oil facilities risked disrupting global energy supplies and increasing tensions in the Middle East. FUNDAMENTALS. * Spot gold was 1.2% higher at $1,506.87 per ounce, as of 0050 GMT, on track to mark its biggest one-day percentage gain since Aug. 23.
Newmont Goldcorp (NEM) said on Sunday it has temporarily suspended operations at the Peñasquito gold mine in Mexico after the resumption of a previously lifted blockade by a trucking contractor and some members of the Cedros community.
* Lead hits six-month high, nickel falls. * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. By Eric Onstad. Copper hit the highest in 1-1/2 months on Friday as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.
Newmont Goldcorp Corp (NEM): * INCOMING CEO TOM PALMER TO PROVIDE UPDATE ON NEWMONT GOLDCORP AT DENVER GOLD FORUM. * Newmont Goldcorp Corp (NEM) - ON TRACK TO EXCEED $365 MILLION IN G&A AND EXPLORATION SYNERGIES, FULL POTENTIAL IMPROVEMENTS, AND SUPPLY CHAIN SAVINGS BY 2021. * Newmont Goldcorp Corp (NEM) - IN 2019, EXPECT $50 MILLION PER ANNUM IN VALUE FROM PEÑASQUITO IN MEXICO ALONE.
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