Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
Gold prices moved lower Wednesday as a weaker dollar stabilized, putting the yellow metal at risk of snapping a three-day win streak that had driven it to the highest level for July.
August gold edged down by $1.80, or 0.1%, to $1,240.10 an ounce, trading between $1,235.10 and $1,243.50. The contract settled at $1,241.90 on Tuesday—the highest since June 30, according to FactSet data. Analysts continued to eye support at the 200-day moving average around $1,230.
