tldrdailynews.com logo
Tag

Gold Miners

All articles tagged with #gold miners

Gold Climbs to Three-Month Peak on Treasury Buyback Boost
gold-investing1 month ago

Gold Climbs to Three-Month Peak on Treasury Buyback Boost

Gold jumped to a nearly three-month high after the U.S. Treasury said it would sharply increase buybacks of longer-dated debt, pushing yields lower and the dollar weaker and reviving bullion demand. Front-month gold rose about 2.8% to roughly $4,489.40 an ounce (its highest settlement since May 29), silver rose about 2% to $65.73, and mining stocks rallied as bullion prices strengthened. The move followed the Treasury doubling liquidity-backstop buybacks to $4 billion, with the 30-year yield falling to 5.19% and the 10-year to 4.65%. Despite inflation concerns still echoed in Fed minutes, a weaker dollar and lower real yields could sustain gold’s rally, though further gains depend on upcoming inflation data and yields.

via Yahoo Finance|
#dollar-index#gold-investing#gold-miners
Gold bulls ride shifting Fed bets as miners surge
markets1 month ago

Gold bulls ride shifting Fed bets as miners surge

Gold rebounded as rate-hike expectations cooled after tame inflation, with bullion and gold mining stocks posting strong weekly gains. Central-bank buying, especially by China, and sustained physical demand underpin prices, while ETF flows into GLD and the cheaper GLDM attract investors. Analysts say the move is tactical rather than fear-driven, though volatility remains ahead of Jackson Hole and evolving Fed signals. Technically, gold’s break above the 50-day moving average suggests potential for further upside, with miners offering leverage but higher risk.

via CNBC|
#central-banks#etfs#fed-rate-hike
European Markets Overcome Geopolitical Tensions and Contracting German Economy to Close Higher
finance2 years ago

European Markets Overcome Geopolitical Tensions and Contracting German Economy to Close Higher

European markets closed higher despite geopolitical tensions, with London-listed shares opening 0.8% higher. German gross domestic product recorded a 0.1% quarterly fall, slightly better than expected. HSBC reported a 235% rise in profit but lower than expectations, announcing an additional share buyback. Siemens Energy shares rose after the chair clarified that talks with the German government were about supporting growth, not state aid. U.S. stocks opened higher, gold miners are heading for their best month since March, and the 10-year U.S. Treasury yield topped 4.9%. The German economy remains "stuck in stagnation," and the WTO chief warned that global growth will be impacted if the Israel-Hamas conflict spreads. Japan's 10-year bond yield edged closer to an 11-year high as the Bank of Japan's meeting kicked off. Chinese tech giants still have value despite regulatory clampdowns, and an under-the-radar networking stock is set for an AI boost. European markets are expected to open mixed.

via CNBC|
#european-markets#finance#german-economy
G7 Unites to Impose Stronger Sanctions on Russia.
international-relations3 years ago

G7 Unites to Impose Stronger Sanctions on Russia.

The UK has announced plans to ban imports of Russian diamonds, copper, aluminium, and nickel, and impose new sanctions against Russia. The US and Canada have also announced new penalties on Russia, targeting gold producer Polyus and the Russian business of its peer, Polymetal. The UK import ban will have a muted impact as Russian exports of those commodities to the UK have already dropped after the imposition of tariffs. Russia is a major producer of aluminium, nickel, diamonds, and gold. The UK's diamond ban is important in the context of broader G7 talks.

via Reuters UK|
#diamond-ban#gold-miners#international-relations
"Biggest Stock Market Movers: GM, AMC, Virgin Orbit, Kinross Gold, Etsy, Boeing, Bed Bath & Beyond, WWE, and Oil Climbs"
business3 years ago

"Biggest Stock Market Movers: GM, AMC, Virgin Orbit, Kinross Gold, Etsy, Boeing, Bed Bath & Beyond, WWE, and Oil Climbs"

General Motors sheds 2.2% as 5,000 white-collar workers opt for buyout program; Virgin Orbit files for Chapter 11 bankruptcy protection, leading to a 22% drop in shares; AMC Entertainment falls 22% after announcing a settlement deal with shareholders; Gold miners rally as gold futures pop, with VanEck Gold Miners ETF jumping over 3%; Caterpillar drops 5.2% as softer-than-anticipated readings from the Institute for Supply Management and Purchasing Managers indexes dampen the manufacturing outlook.

via CNBC|
#amc-entertainment#business#caterpillar