Both Impala and Northam have built up significant shareholdings in RBPlat since late 2021.

“Gold will trade defensively, likely straddling $1,800 into the March FOMC," an analyst predicted.

The 146-year old exchange is fighting to mend its reputation amid a host of lawsuits, vigorous action by regulators and struggling volumes.

The exchange is facing further legal action in London by a company called Double Eight Ltd.

Gold had already retreated from Friday’s strong close, but so far Powell is more direct and aggressive than market had anticipated, analyst says.

Investors and car makers continue to bet on lithium miners, wagering that a shift toward EVs will become a permanent trend.

The world’s top silver producer and Mexico’s largest gold miner declared a dividend of 13.3 cents per share, down 51% from a year prior.

The rush for metals needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” BMO analyst says.