One of the world’s largest gold producers, Barrick Gold Corporation, reached higher earnings in the 1Q earnings than last year. It is mainly because rising gold and copper prices drive revenue growth. The Toronto-based gold miner said it expects earnings to achieve its annual forecast. Barrick Gold Corp on Wednesday reported a 78% increase in …
Raised Copper and Gold Prices Lift Barrick Gold 1Q Profit Read More »
Oil prices rose for the third consecutive day on Wednesday after industry data showed that U.S. crude oil inventories fell far more than expected last week. It is strengthening the bullish view of fuel demand in the world’s largest economy. At 0704 GMT, U.S. West Texas Intermediate crude oil futures rose 43 cents, or 0.7%, …
With the growing demand for metals, there is a high risk of “copper reduction” globally. Especially after the global economy reopens, it is likely to soar commodity prices. Inventories are calculated in metric tons and are currently at the level of 15 years ago. It is “implying that inventory can only meet 3.3 weeks of …
The price of gold fell by 1.57% in a week to close at 46,785 rupees per 10 grams. The sharp appreciation of the rupees pressures the gold price. After releasing optimistic data on personal income, spending, and manufacturing in the U.S., the rebound in the U.S. dollar index put pressure on precious metals. On MCX, …
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