Gold accelerates to 8-month peak

Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.

Spot gold was up 0.8% at $1,880.33 per ounce, as of 0722 GMT, its highest level since May 9, 2022. U.S. gold futures rose 0.7% to $1,883.60.

The dollar index slipped 0.4%.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Gold prices bolt to all-time high

Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year. Spot gold XAU= was up

KEFI Gold and Copper

KEFI at Precious Metals Summit 2023

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project,

KEFI Gold and Copper

Gold scales 6-month peak on softer dollar

Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due

KEFI Gold and Copper

Study shows Copper Industry delivers multiple benefits to communities

Commissioned by the International Copper Association (ICA), a study from Wood Mackenzie explores the positive socio-economic impact of the copper sector. The research demonstrates how the industry can maximize socio-economic impact for mining communities by remaining socially equitable,

KEFI Gold and Copper

Shanghai copper near 2-month high

Shanghai copper prices rose to their highest in nearly two months on a softer dollar and expectations of improving demand after China promised support to the country’s property sector. The most-traded December copper contract on the Shanghai Futures Exchange SCFcv1 rose 0.2% to 67,950 yuan ($9,422.97) a ton.

KEFI Gold and Copper

Study shows copper industry delivers multiple benefits to communities

Commissioned by the International Copper Association (ICA), a study from Wood Mackenzie explores the positive socio-economic impact of the copper sector. The research demonstrates how the industry can maximize socio-economic impact for mining communities by remaining socially equitable,

KEFI Gold and Copper

KEFI says Ethiopia’s mining industry is promising

KEFI Gold and Copper PLC announced Monday that it is committed to remain on track for its project of Tulu Kapi in Ethiopia to be in operation by 2026. Things in Ethiopia’s mining industry are improving, said Harry Adams,

KEFI Gold and Copper

KEFI confirms Tulu Kapi on track for launch

KEFI, the gold and copper exploration and development company, has focused on the Arabian-Nubian Shield since 2008, assembling a pipeline of projects in the Kingdom of Saudi Arabia and in the Federal Democratic Republic of Ethiopia, with the

KEFI Gold and Copper

Gold heads for biggest monthly rise since November

Gold steadied on Tuesday on caution ahead of the Federal Reserve’s policy meeting this week, but held on track for its biggest monthly rise since November last year as the Israel-Hamas war boosted safe-haven bets. Spot gold was

KEFI Gold and Copper

Gold price rises to 11-week high

Gold jumped to its highest level since the beginning of August on Wednesday as the escalating conflict in the Middle East sent investors flocking towards the safe-haven metal. Spot gold was up 1.1% to $1,945.20 per ounce by

KEFI Gold and Copper

Ethiopia’s Tulukapi mine to open by KEFI Gold and Copper

According to KEFI Gold and Copper PLC, a mining exploration and development company, the open-pit Tulu Kapi project in Ethiopia will begin construction by 2023, with production beginning in 2025. The equity development capital and 320 million USD

KEFI Gold and Copper

Ethiopia’s first new mine in 30 years nears funding package completion

Aim-listed Kefi Gold and Copper has completed the last of many special permissions and policy changes agreed with the Ethiopian authorities over the years since Kefi assumed control of the Tulu Kapi gold project. The Tulu Kapi project is now finally fully permitted with only procedural

KEFI Gold and Copper

How does copper contribute to a circular economy?

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project,

KEFI Gold and Copper

KEFI Gold and Copper at Africa Down Under 2023

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project,

KEFI Gold and Copper

Recent developments put KEFI’s Tulu Kapi into the spotlight

Three recent developments have served to put KEFI’s Tulu Kapi into the spotlight. The first is Ethiopia’s recent central bank directive exempting certain strategic industries – including mining – from foreign exchange controls, satisfying the last major condition

No more posts to show