Gold prices recovered some ground on Friday, paring some of their losses from their worst day in nearly two months on Thursday as markets looked to finish a...
Gold prices recovered some ground on Friday, paring some of their losses from their worst day in nearly two months on Thursday, as markets finished off a rollercoaster week on a more subdued note.
Price action Market drivers Gold prices finished the week little-changed, despite a sharp selloff that followed Federal Reserve’s policy meeting on Wednesday which signaled that the central bank expects to keep its policy interest rate above 5% for longer than the market had previously expected.
U.S. stocks, which were also rattled by the Federal Reserve’s policy announcement, rebounded on Friday, but the high-flying Nasdaq Composite COMP was still on track to log its worst weekly drop since March.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Back River Gold – Goose mine gold project, CanadaB2Gold has reported that all long-lead items for the 2024 construction season have been received at its freight consolidation points.
Read more »
Equinox Gold raises $128 million from note offeringShares of Equinox Gold closed Thursday's session 1.3% higher at C$6.00 apiece.
Read more »
A Reba McEntire corn maze, a silent film fest and more things to do this weekendBest Bets for the week of Friday, Sept. 22, through Thursday, Sept. 28.
Read more »
Gold prices slightly higher after worst day in nearly two monthsGold prices recovered some ground on Friday, paring some of their losses from their worst day in nearly two months on Thursday as markets looked to finish a...
Read more »
Mandilla scoping proves positive for AstralA scoping study into the Mandilla gold project, in Western Australia, has estimated that the project could produce some 845 000 oz of gold over an 11-year mine life. ASX-listed Astral Resources on Thursday said that the project would require a pre-production capital spend of some A$191-million, and could generate a free cash flow of A$740-million at a gold price of A$2 750/oz, with the net present value estimated at A$442-million and the internal rate of return at 73%.
Read more »
Gold Price Forecast: XAU/USD whips on Fed outlook, sticking with $1,940The XAU/USD slipped to $1,940.00 after the Federal Reserve (Fed) held benchmark interest rates at 5.5% for the time being. The Federal Open Market Com
Read more »