Browsing: gold prices

Gold prices inched down on Friday, but were on track for their first weekly rise in three as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion’s appeal.

Gold prices were subdued on Friday, hurt by a stronger dollar and higher Treasury yields, while investors looked ahead to next week’s U.S. inflation reading for clues on when the Federal Reserve could begin cutting interest rates.

Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve’s first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said

Mali is one of Africa’s top gold producers and home to industrial mines operated by international companies including Barrick Gold, B2Gold Corp, Resolute Mining and Hummingbird Resources