The precious metal quickly turned around after dropping to a two-week low Wednesday following the US central bank's move to raise interest rates.

The move by the largest diamond retailer in the industry’s most important market will create difficulties through the entire global supply chain.

“The world’s growing reliance on minerals and metals in the transition to a clean energy future is exceeding current extraction capabilities."

Benchmark 10-year US treasury yields are approaching the highest in almost three years, placing further pressure on bullion.

The German manufacturer will produce lithium-ion batteries at the new Bibb County plant, and start making all-electric EQS and EQE sport utility models at its existing factory in Tuscaloosa in the coming months.

Historically, the Washington mine was a high-grade gold property that first saw production in the late 1800s.

“Gold prices have moved lower in the past three days mainly because oil prices have fallen,” an analyst said.

The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott.