Tag: mining stocks
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Newmont Corp. Shares Drop Despite Record Gold Prices; Industry Faces Challenges
Gold prices have hit record highs, yet the world’s largest gold miner, Newmont Corp., suffered a significant drop in shares after disappointing financial results. The company fell short of analysts’ expectations in the third quarter due to higher costs, leading to concerns about the industry’s ability to capitalize on the current surge in gold demand.…
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Gold and Copper Prices Surge Despite Challenges, Offering Investment Opportunities
Spot gold has shown a strong performance despite facing headwinds like a strong US dollar and positive real yields. Factors such as central bank buying and geopolitical tensions have been driving demand for gold. The metal’s price surge began in October, fueled by market sentiment predicting rate cuts by the Fed. Why Gold? Why Now?:…