Freeport-McMoRan lowers first-quarter gold sales forecast
The company said it expects first-quarter gold sales to be roughly 100,000 ounces below its prior forecast of 225,000 ounces.
Gold extended its decline heading into 2022, falling by more than 1% on Monday as a risk-on rally in equities pressured bullion, with investors shrugging off concerns surrounding the omicron coronavirus variant. Spot gold dipped 1.6% to $1,799.50 an ounce...
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