Barrick Gold Corp (GOLD): * BARRICK EXTENDS REVOLVING CREDIT FACILITY AND ESTABLISHES SUSTAINABILITY-LINKED METRICS. * Barrick Gold Corp (GOLD) - HAS COMPLETED AN AMENDMENT AND RESTATEMENT OF COMPANY'S UNDRAWN $3.0 BILLION REVOLVING CREDIT FACILITY Source text for Eikon: Further company coverage:
Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank of Portugal stores 382.6 tonnes of gold.
Copper prices retreated on Wednesday under pressure from a stronger dollar after the Federal Reserve reaffirmed its hawkish outlook. Federal Reserve Chair Jerome Powell pledged that the U.S. central bank would ratchet interest rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.
Copper prices slipped on Wednesday, as bets of big U.S. rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns.
Copper prices fell on Wednesday, as bets of big U.S. rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns. Benchmark three-month copper on the London Metal Exchange was down 0.6% at $9,306 a tonne, as of 0500 GMT, after hitting a more than one-week high of $9,434 on Tuesday.
analyst
(Adds details, updates prices)
By Seher Dareen
May 17 (Reuters) - Gold fell on Tuesday pressured by robust
U.S. retail sales data and expectations of aggressive interest
rate hikes, ...
- Credit Bank of Moscow, one of Russia's largest private lenders, has obtained a gold export licence from the government, it said on Monday, becoming the latest Russian bank to turn to precious metals trade to offset the impact of sanctions.
-Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment.
- Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low. Spot gold rose 0.3% to $1,817.12 per ounce by 1:52 p.m. ET, after earlier hitting its lowest since Jan. 31 at $1,786.60. U.S. gold futures settled up 0.3% at $1,814.
Gold fell more than 1% on Friday and is
set for its fourth straight weekly decline, as the dollar's
strong run with more aggressive U.S. interest rates on the
horizon sapped appetite for bullion.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required