Miner Barrick beats profit estimates as gold prices surge, warns on Papua New Guinea mine

Miner Barrick beats profit estimates as gold prices surge, warns on Papua New Guinea mine

Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua...
August 10, 2020 at 09:32 am
Record bullion prices give South African gold miners a lifeline, risks remain

Record bullion prices give South African gold miners a lifeline, risks remain

South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid...
August 07, 2020 at 05:19 am
Gold accelerates higher on fragile economic recovery hopes

Gold accelerates higher on fragile economic recovery hopes

Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
August 06, 2020 at 03:13 pm
Gold strides further above $2,000/oz, dollar weakens

Gold strides further above $2,000/oz, dollar weakens

Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on...
August 05, 2020 at 02:28 pm
Canada's Barrick Gold considers switching primary stock listing to NYSE:  WSJ

Canada's Barrick Gold considers switching primary stock listing to NYSE: WSJ

Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada,...
August 05, 2020 at 01:12 pm
Gold charges toward $2,000, stocks climb on stimulus hopes

Gold charges toward $2,000, stocks climb on stimulus hopes

Gold surged to a record high on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy and a broad swath of Wall Street edged up...
August 04, 2020 at 11:17 am
Coffee prices seen rising slightly by end-2020 despite higher surplus

Coffee prices seen rising slightly by end-2020 despite higher surplus

Coffee prices, both for arabica and robusta futures, are seen rising slightly by the end of 2020 from current values despite an overall view of a larger surplus in the 2020-21 season, a Reuters poll...
August 03, 2020 at 01:04 am
Canadian miner Agnico Eagle boosts production outlook as gold prices surge

Canadian miner Agnico Eagle boosts production outlook as gold prices surge

Canada's Agnico Eagle Mines raised the low-end of its production outlook for the year, benefiting from a surge in gold prices and a ramp up in operations after coronavirus-led shutdowns.
July 29, 2020 at 07:07 pm
Equities dip, safe havens rise as U.S. stimulus talks stall

Equities dip, safe havens rise as U.S. stimulus talks stall

An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold,...
July 28, 2020 at 02:07 pm
Gold eyes $2,000 mark in speedy record-breaking run

Gold eyes $2,000 mark in speedy record-breaking run

Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness,...
July 27, 2020 at 12:58 pm
TSX rises as gold prices hit record peak

TSX rises as gold prices hit record peak

Canada's main stock index rose on Monday, boosted by gold miners after prices of the yellow metal hit a record peak on worsening ties between China and the United States.
July 27, 2020 at 10:12 am
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its...
July 24, 2020 at 04:24 pm
TSX rises 0.05% to 16,171.06

TSX rises 0.05% to 16,171.06

* The Toronto Stock Exchange's TSX rises 0.05 percent to 16,171.06  * Leading the index were Aurinia Pharmaceuticals Inc , up 14.1%, First Majestic Silver Corp , up 13.5%,...
July 22, 2020 at 05:07 pm
Fear factor:  Investors rush into gold and other havens as stocks near highs

Fear factor: Investors rush into gold and other havens as stocks near highs

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent...
July 22, 2020 at 11:16 am
Silver refuses to be left behind by gold's bull run

Silver refuses to be left behind by gold's bull run

Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and...
July 22, 2020 at 08:11 am
Alibaba Health Information Technology :  Want to make profits from coffee in China? It's actually a grind

Alibaba Health Information Technology : Want to make profits from coffee in China? It's actually a grind

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.
July 21, 2020 at 08:24 pm
Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee Inc has ousted co-founder and chairman Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive officer, the embattled coffee chain disclosed on Monday.
July 13, 2020 at 03:28 pm
Gold :  storms past $1,800 towards new record high

Gold : storms past $1,800 towards new record high

By Peter Hobson Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold...
July 08, 2020 at 11:38 am
TSX edges higher as gold prices rise, virus concerns cap gains

TSX edges higher as gold prices rise, virus concerns cap gains

Canada's main stock index edged higher on Wednesday as shares of precious metal miners were boosted by higher gold prices, but concerns about rising coronavirus cases around the world capped gains. ...
July 08, 2020 at 10:47 am
Luckin Coffee chairman ousted by shareholders:  Bloomberg, citing report

Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report

Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News...
July 05, 2020 at 11:48 am