Palladium neared a record $1 900/oz and platinum gained after South African mining companies halted operations in response to the country’s power cuts.
“Tight supply that potentially could get even tighter due to production problems in South Africa hel…
Palladium nears record $1 900 on South Africa power cuts Read More »
Central banks are consuming a fifth of the global supply of gold, signaling a shift away from the dollar that’s bolstering the case for owning bullion, according to Goldman Sachs Group.
“De-dollarization in central banks – demand from central banks fo…
Goldman says Central Banks gobble up 20% of global gold supply Read More »
South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy. Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local…
Load-shedding forces South African miners to halt work Read More »
Gold’s impressive advance in 2019 – aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying – may be set to spill into the new decade.
As 2020 looms, BlackRock, the world’s largest mo…
Gold’s been on a tear this year and 2020 may bring more rewards Read More »
South Africa’s flagging economy could face a second recession in as many years due to a new wave of nationwide power cuts. Eskom Holdings, the State-owned power utility seen by Goldman Sachs Group as the biggest threat to the country’s economy, started…
Load-shedding raises risk of another South African recession Read More »
The International Monetary Fund (IMF)said the Democratic Republic of Congo’s proposed $10.2-billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines. The government is seeking a budget of 16.9-trillion francs ($10…
IMF says $10bn Congo budget unrealistic as mining slows Read More »
A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the US and plans another 30 in the first half of next year.
The centers are being touted…
Why Bitcoin mining is being touted as a solution to gas flaring Read More »
Goldman Sachs Group said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal.
“Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal…
Goldman says case for diversifying into gold ‘as strong as ever’ Read More »
Opec+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden. The group, which pumps more than half the world’s oil, agreed in Vienna o…
Opec+ agrees to redistribute oil cuts under Saudi pressure Read More »
Opec+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden. The group, which pumps more than half the world’s oil, agreed in Vienna o…
Opec+ agrees to redistribute oil cuts under Saudi pressure Read More »
