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Newmont to sell Ghana gold project to Zijin Mining
China's Zijin Mining to buy Newmont's Ghana gold project for $1 billion
China's Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of Newmont's ongoing programme to divest non-core assets as the company makes a strategic shift to focus on its tier one assets,
Newmont to Sell Ghana Gold Mine Project for $1.0 Billion
Newmont has agreed to sell a gold mine in Ghana to a Chinese miner for $1.0 billion, the latest divestiture by the world’s biggest gold miner as it turns its focus to copper.
Newmont to sell Ghana gold project to Zijin Mining in $1B deal
Newmont agrees to sell Akyem gold mine in Ghana to Zijin Mining for up to $1B in cash, as part of strategic focus on Tier 1 assets.
Gold, Fed rate
Gold set for biggest drop in over a month as bets on large Fed rate cut recede
Gold prices fell over 1% on Tuesday and were on track for their biggest drop on a percentage basis in 1-1/2 months as recent U.S. employment data lowered expectations for a bigger rate cut, while markets awaited minutes of the U.
Gold Rises as Jumbo Fed Rate Cut Looks less Likely, China Purchases Slow
Gold futures were edging up 0.4% at $2,677.90 a troy ounce, holding ground after Friday's U.S. Nonfarm Payroll data release showed a hotter-than-expected labor market. The economic data reduced the likelihood of another 50 basis-points interest rate cut,
Gold Futures Slump as Greenback Strengthens, Rate Cut Hopes Fade
Gold futures drop 1.5% to $2,626.40 a troy ounce, as the dollar gains strength and the market abandons any lingering hopes for another jumbo interest rate cut.
2d
China's gold reserves unchanged for fifth straight month in September
China's central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed ...
13h
Is the rally in gold and copper prices losing steam?
The most-active gold contract on COMEX was $,2,665.60 per ounce, mostly unchanged from the previous close. The price hit a ...
1d
Of Gold And China
Gold price growth rates and narrow money expansion are about the same, at 8% since 1971. Discover investment opportunities in ...
12d
on MSN
China's August net gold imports via HK lowest in over 2 years
China's monthly net gold imports via Hong Kong dropped 76% to their lowest level in more than two years in August, data ...
EconoTimes
1d
China Pauses Gold Buying Amidst Price Surge for Fifth Month
Chinas Gold Reserves Steady; Value Rises with Market Trends Chinas central bank refrained from purchasing additional gold for ...
6d
China’s Fast-Growing Copper Champion Is Reshaping Global Metal Supply
Zijin Mining is vying with the largest Western producers for a spot among the top ranks, even as geopolitical tensions worsen ...
4d
Asia Gold Festivities spark slight demand in India, China on holiday
Gold demand in India improved slightly this week due to an upcoming festival but remained lower than usual because of ...
13d
on MSN
Gold’s hitting new records again. Here’s what it means for the economy
Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% ...
5d
Gold’s Ascent: Why The Bull Market Is Just Getting Started
Even though gold has surged to new highs, the rally is far from over. Learn how central banks, rate cuts, and a weakening ...
10d
on MSN
Trump’s “Vastly Overpriced” $100,000 “Swiss Watch” Is Probably Made in China, Experts Say
The former president's new timepieces are the laughingstock of watch aficionados, who cast doubt on their true origins — "as ...
1d
on MSN
Can the U.S. Revalue Fort Knox's Gold?
Could revaluing Fort Knox's gold be the U.S.'s next big move in its economic standoff with China? This bold strategy promises ...
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