Gold posted its worst week in over three decades, joining the collapse across global markets that not even the traditional safe haven could dodge.
In the rush to raise cash and cover losses in other markets, investors are pulling their money out of bu…
Gold’s worst week since 1983 strips metal of safe-haven status Read More »
During market crashes, palladium isn’t the first commodity that comes to mind.
That’d typically be reserved for gold, the oldest of all safe havens, or maybe oil, a notoriously volatile asset. But while those two have garnered plenty of attention this…
Palladium’s hot run turns cold in metal’s biggest-ever turnabout Read More »
Foresight Energy filed for bankruptcy with plans to hand ownership to its creditors, becoming the latest coal company to fail as power generators switch to cleaner and cheaper fuels.
The filing in US Bankruptcy Court for the Eastern District of Missou…
Foresight Energy is latest US coal miner in bankruptcy Read More »
Canadian stocks suffered a stunning 12% drop, the largest in eight decades, as investors size up the likelihood of a global recession because of the coronavirus pandemic.
The S&P/TSX Composite Index had its biggest one-day decline since May 1940, …
Investors flee Canada’s stock market on worst day in 80 years Read More »
Not even the safe haven of gold has been spared from this week’s global market rout.
Bullion is set for its biggest weekly loss since 2016, despite climbing to the highest in more than seven years earlier this week, as investors sell the metal to meet…
Gold joins global market slump as investors cash in on rally Read More »
In a further indication of the stress rippling through the construction and mining sectors, Caterpillar reported its biggest decline in global machine sales since the end of 2016.
The report underlines how the coronavirus outbreak is putting a drag on…
Caterpillar posts worst machine sales since 2016 Read More »
The biggest labor union for US coal miners is warning that members are at “significant risk” from the rapidly spreading coronavirus.
Mines are enclosed spaces where the highly contagious virus can easily spread, according to Phil Smith, a spokesman fo…
Black-lung coal miners facing serious threat from virus spread Read More »
South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off sweeping through global equities. The FTSE/JSE Africa All Sh…
Johannesburg stocks plunge most since 1997 in ‘panic’ sell-off Read More »
Gold held its ground as the disruption to the global economy from the coronavirus pandemic intensified, with the US announcing that it’ll suspend travel from Europe to battle the outbreak, and investors shunning risk assets from equities to industrial …
Gold holds the line in ‘time of crisis’ as disruption spirals Read More »
The financial turmoil crushing industrial-metals equities has a silver lining: lower energy prices can be a boon to miners.
“It’s a big positive,” said David Harquail, CEO of streaming and royalties company Franco-Nevada. Fuel is a key operating cost …
Oil’s biggest crash in a generation has silver lining for miners Read More »
