Gold gains for third week

Gold prices ticked up on Friday and were on course for a third consecutive weekly rise as the global banking crisis sent investors flocking to the safe-haven metal.

Spot gold XAU= was up 0.1% at $1,920.19 per ounce, as of 0033 GMT. U.S. gold futures GCv1 rose 0.1% to $1,925.50.

Bullion is set to rise about 2.8% this week so far.

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in o rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.

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, Jibal Qutman EL and Hawiah.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Investor caution keeps gold prices steady

Gold prices showed minimal movement on Monday as investors held back in anticipation of the approaching U.S. presidential election and the Federal Reserve’s decision on interest rates. Spot gold held steady at $2,734.79 per ounce by

KEFI Gold and Copper

Gold prices edge near record levels

Gold prices saw a steady climb on Tuesday, remaining close to historical highs. Market conditions reflect rising investor caution surrounding the upcoming US election and widespread expectations of a Federal Reserve interest rate cut in November.

KEFI Gold and Copper

Gold prices surge amid economic and political uncertainty

Gold and silver have recently experienced significant gains as global fears continue to rise. Increasing uncertainty around conflicts in the Middle East, the upcoming US presidential election, and central banks easing monetary policies have led to

KEFI Gold and Copper

Gold price continues to climb

Gold prices (XAU/USD) rose for the third day in a row on Monday, reaching the $2,667 level, marking the highest point in over a week during the early European trading session. The primary factor behind this

KEFI Gold and Copper

Gold prices continue steady climb towards record highs

Gold prices have surged above $2,690, continuing their push towards record highs this year. This represents a 5.48% increase over the past month and an impressive 40% growth over the past year. Just last month, the

KEFI Gold and Copper

Gold price surges above $2,600

Gold prices surged past the $2,600 mark for the first time on Friday, continuing a rally fuelled by expectations of further US interest rate cuts and increasing geopolitical tensions in the Middle East. Spot gold climbed

KEFI Gold and Copper

KEFI Gold and Copper Early Works at Tulu Kapi progressing well

KEFI Gold and Copper plc (LON: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield since 2008, has provided a short operational update encompassing the recent activities with respect to the Company’s

KEFI Gold and Copper

Gold prices reach record highs amid dollar weakness

Gold prices surged on Monday, reaching record highs due to a weakening dollar and expectations that the U.S. Federal Reserve may implement a larger-than-anticipated interest rate cut this week. Spot gold saw a rise of 0.5%,

KEFI Gold and Copper

Gold shines with 23% growth in 2024

Gold has seen a significant rise of 23% since the start of 2024, with its price currently hovering at an all-time high of around €2,260. This surge can be attributed to several factors, including ongoing geopolitical

KEFI Gold and Copper

KEFI is the Early Mover, with Discoveries & Growth Platform

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

KEFI Gold and Copper

Gold price stays firm amid Fed rate cut prospects

Gold’s price (XAU/USD) has remained stable due to multiple supportive factors. Expectations for Federal Reserve rate cuts and escalating tensions in the Middle East have limited the downside for gold prices. Concerns about a potential economic