GoldPrice

Mixed Signals in the Metals Market: New Trump Tariffs Surprise Investors

11 days ago

In a surprising turn of events within the commodities market, metal prices have shown an upward trend as new tariffs proposed by former President Donald Trump are reported to be more strategic and measured than many analysts initially feared. This shift in approach appears to have calmed market anxieties and contributed to the recent gains in the metals sector, especially for precious and industrial metals.

Macquarie Predicts Gold Prices Could Soar to $3,500 by Q3 2025

21 days ago

In a bold forecast, Macquarie Group analysts have projected that gold prices may rise as high as $3,500 per ounce in the third quarter of 2025. This prediction has captured the attention of investors and market analysts alike, suggesting a significant potential for returns in the precious metals market amid ongoing economic uncertainties.

Harmony Gold Sees Profits Surge by 33% Amidst Soaring Gold Prices

1 month ago

In a remarkable financial turnaround, Harmony Gold Mining Company Limited has reported a staggering 33% increase in profits for the quarter, buoyed by unprecedented rises in gold prices. The company announced its earnings results, revealing that the adjusted profit per share climbed to 1.50 rand, significantly higher than the previous year’s 1.13 rand per share.

Sibanye Stillwater Reports Reduced Losses Amid Rising Gold Prices

1 month ago

Sibanye Stillwater, a global mining leader, has announced a significant reduction in its financial losses for the latest quarter, primarily driven by a surge in gold prices which offset challenges faced in its U.S. mining operations. The Johannesburg-based company continues to navigate the complexities of the precious metals market, with gold proving to be a lifeline amid adversities.

Zimbabwe's Gold-Backed Currency Struggles to Keep Up with the Precious Metal's Surge

2 months ago

In recent weeks, Zimbabwe’s innovative gold-backed currency, known as the Zimbabwe Gold (ZIG), has faced significant challenges as it fails to capitalize on the ongoing rally in gold prices. Despite its inception aimed at stabilizing the nation’s crippling economy, ZIG has seen a lack of traction in the financial market, notably overshadowed by gold’s impressive gains.

Gold Prices Steady as Market Anticipates Tense U.S. Election Outcome

5 months ago

In a climate of uncertainty surrounding the upcoming U.S. elections, gold prices remained remarkably stable, demonstrating the market's cautious optimism. As political tensions escalate and potential changes loom on the horizon, investors continue to seek safe-haven assets such as gold, which has historically served as a reliable hedge against economic volatility.