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Gold rally to boost profits for miners Newmont, Barrick
Newmont Corp and Barrick Gold Corp, the top two gold miners of the world, are expected to post higher quarterly profits, powered by a rally in the precious metal's prices. Rising hopes of a U.S. interest rate cut in September, uncertainty around U.S. elections and global geopolitical risks have boosted bullion's safe-haven appeal, pushing it to a record-high level. "We are expecting a very strong second quarter, given the significant increase in the gold price and relatively flat cost expectations," analysts at brokerage TD Cowen said. During the April-June quarter, spot gold averaged $2,335.87 per ounce, 18% higher ... (full story)
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From @financialjuice|Jul 24, 2024post: BOC'S GOV. MACKLEM: THERE WAS A CLEAR CONSENSUS TO CUT POLICY RATE BY 25 BPS. post: BOC'S GOV. MACKLEM: MONETARY POLICY IS STILL RESTRICTIVE. post: BOC MACKLEM REPEATS TO REPORTERS: IF INFLATION CONTINUES TO EASE BROADLY IN LINE WITH OUR FORECAST, IT IS REASONABLE TO EXPECT FURTHER CUTS IN OUR POLICY RATE #Canadaecon post: BoC’s Macklem: Divergence From Fed Not Likely To Be ‘Serious’
From youtube.com/bankofcanadaofficial|Jul 24, 2024Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the policy rate decision and the release of the Monetary Policy Report.
From bankofcanada.ca|Jul 24, 2024Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the July Monetary Policy Report (MPR) and today’s policy announcement. Today, we lowered ...
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From forex.com|Jul 24, 2024Gold prices are up nearly 0.9% this week with a two-day rally in gold paring nearly half of the recent decline from all-time highs. XAU/USD is already approaching the first ...
From bnnbloomberg.ca|Jul 24, 2024The yield on two-year Treasuries plunged to the lowest since February as speculation mounted that Federal Reserve officials will soon cut US interest rates. Investors were focused ...
From miningweekly.com|Jul 24, 2024Platinum-based electrolysis for the production of planet-cleaning green hydrogen is gaining worldwide momentum. The World Platinum Investment Council (WPIC) projected on Wednesday ...
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- Posted: Jul 24, 2024 11:20am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 219
