'Productive' talks boost markets

By Staff reporter / September 23, 2019 / www.mining-journal.com / Article Link

US and Chinese negotiators held "productive" talks late last week, Bloomberg reported, with China's planned US farm visit cancelled at the US's request for separate reasons, according to people familiar with the matter.

Spot gold was above US$1,516 an ounce on the spot market earlier and silver is about $18.25/oz, as geopolitical tensions simmer following the recent attack on Saudi oil facilities.

Metals and mining equities had closed up 1.6% in Toronto on Friday.

Gold miners SEMAFO (TSX: SMF) and Endeavour Mining (TSX: EDV) led with gains of about 7.2% and 6.3% respectively.

Glencore gained 0.9% in London on Friday, where the clocking is ticking towards the Brexit deadline.

Metals and mining stocks were about 0.5% higher in midday Australian trade, with gold major Newcrest Mining (ASX: NCM) up 1.3% and BHP (ASX: BHP) up about 0.1%.

Japan is closed for a holiday today and China is closed for a national holiday next week.

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok