OceanaGold prices $106 mln IPO of Philippine unit

Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024.

Gold price tumbles as haven demand wanes amid easing war risks

Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.

Gold price hits another all-time high as Fed-fuelled rally continues

Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further boosted expectations of a Federal Reserve interest rate cut this coming June.

Gold price heads for best month in over a year

Gold rose again on Thursday and is bound for its biggest monthly rise since November 2022 on the back of a blistering rally spurred by bets on US interest rate cuts and strong safe-haven demand.

Gold price extends loss as US inflation data reinforces Fed caution

Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates.

Gold price continues ascent to new highs, nears $2,150/oz

Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year.

London gold price benchmark hits all-time high, LBMA says

London’s gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday, surpassing the previous record of $2,078.40 set on Dec. 28, the London Bullion Market Association (LBMA) said.

Gold price flirts with new highs with market leaning towards June rate cut

Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.

Gold price rallies on geopolitical risks and Fed rate cut bets

Gold jumped the most in a month after soft US producer prices data amped up expectations of interest-rate cuts, while US-led airstrikes on Houthi rebel targets in Yemen stoked haven demand.

Gold price gains as weak US services data boosts Fed rate cut wagers

Mining News Pro - Gold rose as Treasury yields pushed lower when a US employment gauge fell short of estimates, bolstering expectations for the Federal Reserve to rapidly cut interest rates this year.

Gold price heads for yearly gain as market eyes rate cuts in 2024

Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.

Gold price inches higher on expectations for Fed rate cuts in 2024

Gold ticked higher as the final week of the year got under way, with traders looking ahead to interest rate cuts from the Federal Reserve in 2024 and a weaker US currency.

London gold price benchmark breaks all-time high, LBMA says

Mining News Pro - London’s gold price benchmark hit an all-time high of $2,069.40 per troy ounce at an afternoon auction on Wednesday, surpassing the previous record of $2,067.15 set in August 2020, the London Bullion Market Association (LBMA) said.

Gold price retreats from record as aggressive Fed pivot bets cool off

Mining News Pro - Gold prices retreated from a record high on Monday amid signs that the market’s aggressive pricing of US Federal Reserve rate cuts may have gone too far, which analysts believe was unsustainable.

Gold price slump may boost demand from India’s festive shoppers

Mining News Pro - A slump in gold prices to a seven-month low in India may stimulate demand in the current festive season, when people traditionally buy more coins and ornaments.

China’s gold prices surge, hitting a record against the world

Mining News Pro - China’s suddenly full of gold bugs.

China gold prices plunge the most since 2020

Mining News Pro - Gold in China dropped the most in three years after Beijing permitted more imports, all but closing the gap with international prices that’s persisted for weeks.

Gold price at highest in over two weeks ahead of Powell remarks

Mining News Pro - Gold inched higher on Wednesday, reaching its highest in over two weeks, as both the US dollar and Treasury yields retreated ahead of Federal Reserve Chair Jerome Powell’s upcoming speech.

China’s gold prices rising higher than rest of world due to import curbs

Mining News Pro - China’s gold price is rising against levels in London, a trend that local traders say is due to government curbs on imports of the precious metal.

Barrick beats quarterly profit estimates on higher gold prices

Mining News Pro - Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal.

Sumitomo Metal lifts FY profit forecast on higher gold prices

Mining News Pro - Sumitomo Metal Mining reported a 73% drop in first-quarter profit on Monday, but lifted its full-year profit outlook by 26% thanks to stronger-than-expected gold prices and one-off gains from a weaker yen.

JPMorgan sees gold price charging to records in 2024 as Fed cuts rates

Mining News Pro - JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.

Gold price firms with spotlight on central bank meetings

Mining News Pro - Gold prices bounced back on Tuesday on a weaker dollar and expectations that the US Federal Reserve will likely end its monetary tightening cycle after a widely expected rate hike this week.

Gold price advances on weaker US economic cues

Mining News Pro - Gold prices advanced on Monday as both the US dollar and yields retreated on weaker economic readings, casting doubts over whether the Federal Reserve may stick to its hawkish policy outlook.

Gold price falls below $2,000 as market readjusts rate hike expectations

Mining News Pro - Gold prices retreated below the key $2,000 level on Wednesday as the US yields marched higher, with investors turning skeptical over potential rate cuts later this year.

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