In a Friday (August 23) speech at the Jackson Hole Economic Symposium, US Federal Reserve Chair Jerome Powell indicated that adjustments to the central bank’s benchmark rate are on the way. “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend
Explorer and developer Liberty Gold (TSX:LGD,OTCQX:LGDTF) updated investors on progress at its Idaho-based Black Pine gold project as part of its Q2 financial and operating results, released on Monday (August 12). In June, the company initiated a 20,000 meter reverse-circulation drill program aimed at expanding Black Pine’s resource base and unlocking new areas of gold
The World Gold Council’s latestgold exchange-traded fund (ETF) statistics show a sentiment shift in the west. Up until July, western investors had largely abandoned gold ETFs in 2024. Some took profits amid record gold price levels, while others favored interest-bearing assets, which have been supported by high interest rates. The council’s July data shows a
Canadian miner Barrick Gold (TSX:ABX,NYSE:GOLD) released its Q2 earnings and production results on Monday (August 12), commenting on progress at key projects, as well as its financial performance. The company’s net earnings rose by 25 percent to reach US$370 million, driven by an increase in its attributable EBITDA margin, which climbed 17 percent from the
Regardless of how the gold price is doing, the top gold-mining companies are always making moves. Right now, the yellow metal is in the limelight — stimulated by increasing global inflation, geopolitical turmoil and recession fears, the price of gold set records in 2024, breaking through the US$2,450 per ounce mark. Rising demand for gold
Peter Grandich of Peter Grandich & Co. shared his updated thoughts on the resource sector now that the year is more than halfway through, honing in on gold’s price drivers and path forward in 2024 and beyond. Notably, he sees much higher price levels for the yellow metal in the years to come. “I was
Don Durrett of GoldStockData.com weighed in on the recent market meltdown, saying he sees it as another indicator that the US economy is in trouble and heading toward a recession as the year continues. “I think that we’re going to see kind of like a 2008 scenario where you start seeing big events,” he explained.
Brett Heath, CEO and director of Metalla Royalty & Streaming (TSXV:MTA,NYSEAMERICAN:MTA), believes gold is only at the beginning of its current cycle, with US$2,600 to US$3,000 per ounce potentially in sight this year. “We’ve seen one of the most significant breakouts we’ve ever seen in gold, and there’s very, very few people in this trade,”
The top countries for gold production are poised to benefit from the current gold bull market, as are the gold mining operations in those countries. The price of gold has soared through 2024 setting new all time highs at several times. The most recent came on July 15 when it climbed to US$2,468.40. Gains for
If you’ve been watching the gold space in recent years, you may know that the precious metal has appreciated in value by over 750 percent since 2000, when it was under US$300 per ounce. Even when adjusting for inflation, the value of gold is still up a significant 350 percent over that period. Given that