The gold price edged lower on Friday after a new jobs report increased worries of another rate hike from the US Federal Reserve.
The gold price has been driven mainly by geopolitical tensions and a weak US dollar in Q3, and looks set to end the period higher.
The gold price edged lower on Friday and was headed for a weekly loss after a North Korean missile test brought little reaction from investors.
Gold climbed on Friday after weaker-than-expected US jobs data cast doubts on further Fed interest rate hikes. In August the metal rose 4.1 percent.
The gold price rose above the $1,300-per-ounce mark as geopolitical uncertainty boosted precious metals demand.
The gold price fell on Friday after a stronger-than-expected US employment report.
Teck Resources Limited (TSX:TECK.A and TECK.B)(NYSE:TECK) (“Teck”) reported profit attributable to shareholders of $577 million ($1.00 per share) in the second quarter compared with $15 million ($0.03 per share) a year ago.
“I’m pleased with our results,” said Don Lindsay, President and CEO. “We generated adjusted EBITDA of $1.3 billion in
The gold price rose on Friday as the US dollar fell against the euro.
The gold price edged lower on Friday after a stronger-than-expected US jobs report increased fears of another rate hike.
The gold price is on track for a weekly gain, supported by political uncertainty and a weaker dollar.
The gold price was set to touch a six-week high on Friday after a disappointing US jobs report.
Silver, copper and oil are also on track to make gains this week.
Coro Mining Corp, (“Coro or the Company”) (TSX:COP) is pleased to provide an update on the development of its 65% owned SCM Berta operations, located in the III Region of Chile. The production capacity of the Nora solvent extraction-electrowinning (“SXEW”) plant has been expanded from 3,000 tonnes per year of
The gold price suffered as investors turned to riskier assets earlier in the week.
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