Keywords: Metals
Gold prices fell sharply on Monday, extending recent pressure on the precious metals market as higher oil prices and expectations of further monetary tightening in the United States weighed on investor sentiment. Spot gold declined 2.7% to $4,171.85 per ounce, while US gold futures also lost 2.7%, settling......
South Africa’s platinum industry is facing another setback after Sibanye-Stillwater announced consultations over a proposed restructuring of its Kwezi mine, a move that could put 1,114 jobs at risk. The potential job losses include 781 positions held by the company’s employees and a further......
The Netherlands has transferred 86 tonnes of its gold reserves from storage facilities in the United States and Canada to London as part of a broader redistribution of its bullion holdings amid rising geopolitical uncertainty. The Dutch central bank said the move would make a portion of the country's......
The United States is moving to strengthen its access to strategic minerals with a $400 million loan commitment from the Pentagon for a new scandium mine in Australia, according to the Australian company behind the project. Sunrise Energy Metals said on Saturday that the US Department of Defense had......
Vedanta Aluminium delivered a powerful financial debut as an independent company, reporting a more than threefold increase in quarterly profit after higher global aluminium prices and increased production significantly strengthened its earnings. The Indian aluminium producer, created following the demerger......
India's Hindustan Zinc has appointed Amarendu Prakash as its next chief executive officer while reporting a sharp increase in quarterly earnings, supported by a strong rise in base and precious metal prices. The company announced on Friday that Prakash, the former chairman and managing director......
Citi has secured a pivotal role in the global precious metals market after becoming the fifth institution authorized to clear transactions in London's over-the-counter gold market, strengthening its position in one of the world's most influential bullion trading hubs. The approval gives the......
Recent weakness in gold prices should be viewed as a temporary market correction rather than the beginning of a prolonged downward trend, according to senior officials at the World Gold Council. Market analysts note that despite short-term fluctuations, the fundamental factors supporting gold remain......
Gold and silver fell sharply to their lowest levels of 2026 after the United States carried out military strikes against Iran. The move followed a period of rising geopolitical tension in the Middle East and triggered a broad selloff across precious metals markets already sensitive to interest rate expectations. Gold......
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