Gold moved further away from its latest record high, swept up in the pessimistic mood that hit global markets in the wake of US President Donald Trump’s more-aggressive-than-expected tariff agenda. The precious metal initially surged to a fresh all-time high of $3,167.84 an ounce on Thursday following Trump’s “reciprocal” tariff announcements, which placed baseline import
Gold started the week with a fresh record high, ahead of U.S. President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war. Bullion gained as much as 0.9% to top $3,115 an ounce, beating the previous all-time high set on Friday when it recorded a fourth weekly gain, with prices
Goldman Sachs Group Inc. ramped up its gold price forecast to $3,300 an ounce by year-end, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange traded funds. The bank’s increasingly bullish view on the precious metal was shown by the new forecast from analysts Lina Thomas and Daan Struyven, who just last month
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. A Canadian investment firm changed the name of its U.S.-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as U.S. President Donald Trump is encouraging firms to relocate operations to the
Gold rose to a record high above $3,028 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down. Bullion climbed as much as 0.9 per cent as Israel launched military strikes on Hamas targets in Gaza, a move that
Wayne Lam, analyst director of mining research at TD Securities, shares his hot picks on gold miners. Bank of America Corp., Citigroup Inc. and Macquarie Group Ltd. have been vocal cheerleaders for gold during a breakneck rally that has taken prices to record highs above US$3,000 an ounce. With anxiety about the global economy growing,
(Bloomberg) — Gold touched a fresh record, as exchange-traded funds backed by the precious metal draw renewed interest from investors. Bullion hit a new all-time high of $2,956.19 an ounce on Monday, topping the previous peak reached on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020.
(Bloomberg) — Canada’s Equinox Gold Corp. sought to acquire Calibre Mining Corp. in a deal that would value the combined companies at $5.4 billion, the latest example of dealmaking as miners capitalize on record gold prices. Vancouver-based Equinox said on Sunday it entered into an agreement to purchase Calibre in an all-stock transaction. Calibre shareholders
With 2024 being an exceptional year for gold, Daniel Ghali, director of commodities strategy at TD Securities, explains whether 2025 will see similar results as (Bloomberg) — As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks
John Tumazos, analyst of Very Independent research, discusses about Barrick has ceased its activities in Mali. (Bloomberg) — Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines. Negotiations between representatives of the government and the world’s