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GOLD: Mixed Day for Gold as New Highs Reached.   

GOLD
Bullet
  • Gold had a day of consolidation in the US trading day, finishing off new highs.
  • Gold continues to benefit from the uncertainty around the levelling of tariffs, tending to rally on days when new tariffs are being threatened by the Trump administration.
  • Opening at US$2,935, gold reached a high of $2,947.10 before retreating lower and finishing at $2,933.42
  • AngloGold announced a $1bn profit for 2024, with FCF up to $942m with output up to 2.7m ounces, prior to the onboarding of the newly acquired Centamin PLC.
  • In further signs that environmental controls will be wound back, President Trump is fast tracking commodity projects with a gold mine Idaho amongst them.
  • Barrick Gold has signed an agreement with the Mali government to end the despite over mining assets, causing their shares to rise for a second straight day.   
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  • Gold had a day of consolidation in the US trading day, finishing off new highs.
  • Gold continues to benefit from the uncertainty around the levelling of tariffs, tending to rally on days when new tariffs are being threatened by the Trump administration.
  • Opening at US$2,935, gold reached a high of $2,947.10 before retreating lower and finishing at $2,933.42
  • AngloGold announced a $1bn profit for 2024, with FCF up to $942m with output up to 2.7m ounces, prior to the onboarding of the newly acquired Centamin PLC.
  • In further signs that environmental controls will be wound back, President Trump is fast tracking commodity projects with a gold mine Idaho amongst them.
  • Barrick Gold has signed an agreement with the Mali government to end the despite over mining assets, causing their shares to rise for a second straight day.