Gold sees best quarter since mid-2020

Gold prices were set to wrap up their best quarter since June 2020 on Friday on investor expectations the US Federal Reserve will slow its interest rate hikes after a fast-paced tightening cycle tempered bullion’s safe-haven rally this year.

On the last trading day of 2022, spot gold rose 0.3% to $1,820.00 per ounce by 1227 GMT, while US gold futures were steady at $1,826.00. Gold is expected to remain range-bound due to low market participation, and prices could rise further once it breaks above resistance at $1,840, said Vandana Bharti, assistant vice-president, commodity research at SMC Global Securities.

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:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Copper prices gain momentum amid global dynamics

Copper prices are experiencing an upswing as a weakening US dollar enhances their affordability for international buyers. On the London Metal Exchange, copper climbed to $9,089.50 per metric ton, while on the Shanghai Futures Exchange, it

KEFI Gold and Copper

Promising developments for KEFI Gold and Copper

KEFI Gold and Copper (KEFI) has initiated discussions with its Saudi joint venture partner, ARTAR, to exit their Saudi Arabian joint venture, Gold and Minerals (G&M). This move would relieve KEFI of the obligation to contribute

KEFI Gold and Copper

Gold prices rebound as dollar rally pauses

Gold prices climbed on Monday after enduring losses for six consecutive sessions. The rebound was attributed to a pause in the U.S. dollar’s recent rally, with spot gold increasing by 1.2% to $2,591.43 per ounce as

KEFI Gold and Copper

KEFI offers $30m investment in Ethiopian mining project

KEFI Gold and Copper PLC, a UK-listed exploration firm, is presenting Ethiopian investors with an investment opportunity worth $30 million in its Tulu Kapi Gold Mines SC project. By extending this offer, the company aims to

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%,