Gold holds above $4,450 as safe-haven demand grows on geopolitical risk and dovish Fed bets, while silver stabilizes near $78 with $80.50 in focus.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) provided a corporate strategy update after the full launch of the Tulu Kapi Gold Project in Ethiopia, noting key project milestones completed during the past month. The mine developer said final contracting packages have been secured, covering all capex and more than 50% of seven-year opex through mining services and electricity supply arrangements.
Gold edged lower in the early Asian trade on a likely technical correction after front-month Comex gold futures settled 2.8% higher overnight.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The next Fed chair will grapple with a deteriorating U.S. job market and slower economic growth.