Commodity futures
The gold market is likely to experience a stable trading period next week, according to an analyst, due to opposing forces affecting the precious metal. Stephen Innes, managing partner of SPI Asset Management, suggests that the relentless stock market rally in the US and expectations of a US Federal Reserve
Commodity futures
Gold futures contracts on Bursa Malaysia Derivatives retreated on Tuesday, driven by a decrease in geopolitical risks and a shift in investor focus towards monetary dynamics. With the US President's ceasefire deal between Israel and Iran holding, investment manager Stephen Innes from SPI Asset Management noted that markets
Gold
Gold prices in the national capital fell below the Rs 1 lakh-mark on Friday due to selling by jewellers and stockists in line with weak global cues. The precious metal of 99.9 percent purity dipped to Rs 99,960 per 10 grams, while gold of 99.5 percent purity
Mining industry
Dundee Precious Metals Inc. has agreed to acquire Adriatic Metals plc in a deal valued at approximately USD 1.3bn. The acquisition will create a premier mining business, adding a high-margin asset portfolio and a high-quality development and exploration pipeline. Shareholders of Adriatic will receive 0.1590 of a common
Mining industry
Javelin Minerals is preparing to generate early production and cash flow at its Eureka gold project in Western Australia's goldfields. The company has made significant progress with its drilling program, which has intersected high-grade oxide mineralisation outside its resource envelope. With a granted mining lease and access to
Mining industry
The Concerned Small Scale Miners Association in Ghana reports significant improvement in acquiring gold trading licenses, meeting the June 21 deadline set by the Ghana Gold Board. Initially, the process was hindered by lengthy environmental clearance procedures, taking over a week to obtain certificates from the Environmental Protection Agency. However,
Mining industry
GEITA Gold Mining Limited (GGML), a subsidiary of AngloGold Ashanti, has taken a significant step in implementing the gold reserve purchase requirement under Section 59 of the Mining Act. The company has signed a gold sale service agreement with the Bank of Tanzania (BoT), making it the first large-scale mining
Commodity futures
Global risk sentiments improved, leading to a decline in the gold futures contract on Bursa Malaysia Derivatives on Monday. According to an analyst, the contract ended lower as markets reassessed the likelihood of oil supply disruptions, which had initially contributed to the increase in gold prices. Stephen Innes, managing partner
Commodity futures
Gold futures on Bursa Malaysia Derivatives are projected to continue their upward trajectory, with a potential gain of 2.5 to 3.0 per cent anticipated in the coming week. This prediction was made by Stephen Innes, managing partner of SPI Asset Management, who pointed out that the next 48
Drilling
Nova Minerals Ltd has begun a 3,000-metre diamond drilling program at its Stibium prospect in Alaska, targeting a maiden Mineral Resource Estimate (MRE) for both gold and antimony. The prospect is located near the company's Whiskey Bravo camp and Korbel gold deposit. The campaign will test high-grade
Gold
Gold prices in India have surged today, June 6, amidst growing concerns over global trade policies and geopolitical tensions. The price of gold in India is at Rs 9,960 per gram for 24 karat gold, Rs 9,130 per gram for 22 karat gold, and Rs 7,470 per
Commodity futures
Pakistan's gold prices remained stable on Wednesday, resisting the global trend where prices rose due to safe-haven demand and a softer US dollar. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market held steady at Rs354,100,
