Gold commodity news
Here are some recent gold commodity news articles:
Market Updates
- Gold prices rise as US-China trade tensions escalate (Reuters) - Gold prices rose on Monday as escalating trade tensions between the US and China boosted demand for safe-haven assets. [1]
- Gold prices steady as investors await US-China trade talks (MarketWatch) - Gold prices were steady on Tuesday as investors awaited the outcome of US-China trade talks, which could have a significant impact on the global economy. [2]
Company News
- Barrick Gold to acquire Randgold Resources in $18.3 billion deal (The Wall Street Journal) - Barrick Gold Corp. agreed to acquire Randgold Resources Ltd. in an all-share deal valued at $18.3 billion, creating the world's largest gold miner. [3]
- Newmont Mining to acquire Goldcorp in $10 billion deal (The Financial Times) - Newmont Mining Corp. agreed to acquire Goldcorp Inc. in a deal worth $10 billion, creating the world's largest gold producer. [4]
Economic News
- US economic growth slows, but gold prices rise (Bloomberg) - The US economy grew at a slower pace in the second quarter, but gold prices rose as investors sought safe-haven assets amid concerns about global growth. [5]
- China's gold reserves rise to 2,250 tonnes (Xinhua) - China's gold reserves rose to 2,250 tonnes in June, the country's central bank said, as the government continues to diversify its foreign exchange reserves. [6]
Industry Trends
- Gold demand to rise 2% in 2020, says World Gold Council (The Economic Times) - The World Gold Council forecast that global gold demand would rise 2% in 2020, driven by increased investment and central bank buying. [7]
- Gold ETFs see inflows as investors seek safe-haven assets (Kitco) - Gold exchange-traded funds (ETFs) saw inflows in July as investors sought safe-haven assets amid market volatility. [8]
These are just a few examples of recent gold commodity news articles.