CAPITAL MARKETS

Market futures, Trump upbeat

General Moly slumps

Staff reporter

This article is 5 years old. Images might not display.

Trump posted a video a short while ago, thanking everyone at the "incredible" Walter Reed military medical centre and the enthusiastic supporters waiting outside.

The gold price has zig-zagged around the US$1,900 mark over the past 24 hours and was just 20c below the psychological benchmark at the time of writing.

The copper price slid on Thursday as China began a week-long holiday but closed up 2.7% on the London Metal Exchange on Friday.

US Federal Reserve chairman Jerome Powell is expected to call for more stimulus measures in a speech scheduled for tomorrow as the economic fallout from the coronavirus pandemic continues.

Among the mining majors, Rio Tinto finished up almost 1% in London on Friday.

Gold majors Newmont and Barrick Gold closed down about 1% in New York and Toronto respectively.

Finally, US molybdenum hopeful General Moly (TSX: GMO) plunged 68% to a one-year low of C4c on news regulators were preparing to delist it from the NYSE American exchange after it fell below compliance with equity requirements.

The company said it had a significant working capital deficit and "substantial doubt" remained about its ability to continue as a going concern.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.