Gold price drops $30 after Fed
The US Federal Reserve keeps rates near zero, but hints at rate cut in December sending gold tumbling more than $30.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Iron ore price crashes through $50
"The major producers are adding incremental volume at around $20 a tonne, that gives you a sense of where the vulnerability is."
These countries are winning at gold mining
The number of registered artisanal miners, or barrequeros, inside Colombia now top 100,000 and production should keep rising.
Endeavour Mining busting out in West Africa
Shares in fast-growing producer surge after drill results at Cote d'Ivoire "free dig" mine provide extensions of oxide mineralization and fresh resources.
Sandstorm plummets on cheap financing
Vancouver firm drops 12% after announcing a bought deal with bankers at discount followed up by a gold-silver-copper streaming deal with Yamana.
Chinese scrap at 10-year low pressures iron ore price
Chinese scrap – typically around 90% Fe – has fallen to below 62% iron ore at its 2011 peak and below domestic pig iron prices.
Gold price: Hedge funds push bullish bets to 8-month high
Large gold futures speculators lift bullish positions 47% to 345 tonnes, the fifth week in a row of gains ahead of crucial Fed interest rate decision.
Platinum price back to triple digits
This week Volkswagen stopped selling diesel vehicles in Europe while top producer Anglo American announced a 14% surge in output.
Iron ore price drops to 3-month low
Vale's scorched earth strategy pays off: production on its way to 450 million tonnes at an astonishing cost of just $12.70 a tonne.
Fading US rate hike expectations point to $1,300+ gold price
Expectations of the level of US interest rates a year from now have more than halved.
US rare earth stock cracks top 50 mining companies for the first time
Non-Chinese rare earth producers have been conspicuously absent from mining’s top tier, now worth a collective $1.5 trillion, up $200 billion year to date.