Gold price shows little reaction to jobs data
Gold's rollercoaster ride follows the release of strong US economic data that boosted the chance of a cautious approach to interest rates.
Gold's rollercoaster ride follows the release of strong US economic data that boosted the chance of a cautious approach to interest rates.
Miner is cutting 570 jobs and slowing construction at its Mount Marion lithium project, as it battles falling lithium and iron ore prices.
The planned job cuts would impact workers at Middleburg mines and Klipspruit South-East pit.
Fed officials have said they’re now more concerned about risks to the labor market than about inflation.
Vice President Kamala Harris on Monday said she wants US Steel to remain "American owned and operated."
Whitehaven had announced plans in October to buy out BHP's Blackwater and Daunia mines in a $4.1 billion deal.
Fortescue is revising plans to become a major green hydrogen producer, citing high energy costs as the main reason for restructuring and layoffs.
Britain's biggest steel producer started closing one of its carbon-intensive blast furnaces on Thursday.
Bullion is up more than 2% for the week so far.
After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.