Gold prices hit a record high, driven by fears of a renewed trade war between the U.S. and China after Trump announced the latest tariff increase on Beijing.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it expects to sign a $240 million debt financing deal for its Tulu Kapi gold project in Ethiopia this week, after resolving a procedural issue with one of its lending partners. The London-listed miner said the overall plan and timetable for the project remain unchanged.
Gold price surges above $4000 as Trump's tariff threats and rising Fed cut bets fuel safe-haven demand in the gold market. Outlook remains bullish.
Buyers and sellers are flooding the crowded Midtown block that holds more than 2,500 businesses.
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.
CNBC's “Closing Bell Overtime” team discusses the market sell-off, tech valuations, the bond market and more with Doug Huber, deputy chief investment officer at Wealth Enhancement Group.
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.
The gold market had another strong week, breaking above the crucial $4000 level. At this point in time, the large, round, psychological figure gets a lot of attention, but at this point it is just another level.
The gold market continues to see a bit of buying pressure, as the trend continues. The $4000 level has gotten a lot of attention, but it isn't the be all end all of the markets.
Gold analysis shows momentum cooling after strong run. Fed policy, global risks, and central bank buying remain key to the gold price future.
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.