MINER'S RIGHT

Only Powell can extend gold's false dawn

Gold clawed its way back over the US$1800 an ounce mark late last week but whether it can go much higher after its eye-catching $120/oz rise in a month is very much in the hands of one man, Jerome Powell, chairman of the US central bank.

Tim Treadgold
Only Powell can extend gold's false dawn

Three factors have lifted gold from its July 21 low of $1683/oz. Safe haven buying. A belief that inflation has peaked in the U.S. which could mean that interest rates might not go much higher, and the...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.