Ximen Mining owns 100% interest in three precious metal projects in southern BC. Credit: Roman Bodnarchuk/Shutterstock. Ximen Mining has started its 2024 drilling programme at the Brett epithermal gold project near Vernon, British Columbia (BC), Canada. The company has completed the mobilisation of crews and equipment, including a diamond drill and support machinery, to the
Gold prices hovered near a record high on Thursday, fueled by anticipation of a potential interest rate cut by the Federal Reserve in September. This follows recent developments that have bolstered expectations of monetary easing. During the Federal Reserve’s July 30-31 meeting, several officials considered the possibility of cutting interest rates, though the central bank
Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 293.90 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 293.42 it cost on Thursday. The price for Gold increased to AED 3,428.03 per tola from AED 3,422.43 per tola a
Pune: Two people allegedly conned a 72-year-old woman in Wakad and stole her gold jewellery worth Rs1.3 lakh on the pretext of helping her get free ration and money being distributed by a godman.The incident occurred around 11.30am when the woman deboarded a PMPML bus at Kalewadi Phata and was walking to her home in
Aug 22 (Reuters) – U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier. “Our latest report
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 22,446.97 Pakistani Rupees (PKR) per gram, down compared with the PKR 22,526.60 it cost on Wednesday. The price for Gold decreased to PKR 261,825.50 per tola from PKR 262,745.80 per tola a day earlier. Unit measure
Gold traded near a record high as Federal Reserve minutes and a downward revision of US payrolls reinforced expectations that policymakers will cut interest rates in September. All eyes will be on Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday, when he’s expected to set the table for an interest-rate cut.
In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation to a guilty child refusing
XAU/USD Current price: $2,505.91 The US Dollar eases further after a downward revision to job creation data. The Federal Open Market Committee will release the Minutes of the July meeting. XAU/USD corrective decline may continue, but a steeper decline is out of the picture. XAU/USD trades with modest losses mid-Wednesday, confined to a tight intraday
Gold prices are holding near record highs, moving in a tight range as market participants stay cautious ahead of the FOMC minutes released later today. The latter are expected to offer clues about the Federal Reserve’s policies outlook. Traders are also waiting for Fed Chair Powell’s speech at the Jackson Hole Symposium this Friday, which