Gold hits 3-week high on disappointing U.S. jobs data
Weaker-than-expected U.S. jobs data dampened expectations that the Federal Reserve will start to taper its bond-buying program in the coming months.
Weaker-than-expected U.S. jobs data dampened expectations that the Federal Reserve will start to taper its bond-buying program in the coming months.
The employment numbers can have a strong impact on the gold price and the value of the dollar, which usually move in opposite directions.
Slow-moving global economy continues to make miners be frugal with spending.
Recovering nearly 30$ of the 40$ in Tuesday losses.
NunatsiaqOnline reports that Baffinland Iron Mines Corp. has announced the decision to start the construction of an iron mine, the Mary River […]
Report prepared by Deloitte & Touche shows the pipeline could also generate $10 billion in GDP just in the construction phase.
It will dismiss around 3,300 workers and redeploy another 1,600.
The world's largest provider of drilling services for the mining industry said the current situation is the worst since the global financial crisis of 2009.
Denmark's FLSmidth has joined its Nordic peers Sandvik and Atlas Copco in announcing weak results.