The company’s total gold production fell by 10% to 27,240 oz. in the second quarter of 2022.

The Swedish company's adjusted operating profit grew to 4.79 billion crowns ($453.35 million) from a year-earlier 4.09 billion.

PowerCo, which bundles the carmaker’s global battery efforts, is trying to secure raw materials amid surging prices and logistics issues.

Gold continued its struggles despite a searing US inflation report.

Chinese exports grew at their fastest pace in five months in June.

Shrinking exchange stocks should be a bullish price signal. Right now, however, macro is trumping micro as Western recession fears pummel the industrial metals complex.

Using spoof trades to manipulate prices for all sorts of precious metals was an almost daily method for generating profit, said John Edmonds.