Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
New US solar installations a miss in 2022, but production expected to fuel surge
Solar installation fell in 2022, largely due to the limited availability of panels caused by a ban on some Chinese goods.
Global miners gear up for energy transition with deals and investments
Miners are cutting back on dividends and plowing back earnings into expanding capacity as EVs and the shift to renewables spark demand for rare earth elements.
Glencore hands $7.1B to shareholders after record profit
Glencore had one of its greatest years on record, cutting debt to $75 million from $6 billion, and returning $7.1 billion to shareholders, as demand soars.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Copper shortage gets real
A copper deficit might extend beyond 2023 as mining issues in the South American countries of Peru and South America threaten global supply.
Newmont makes $16.9B bid for Australia gold producer
The Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's top goldminer Newcrest Mining to combine the goldmining companies’ assets in China and Australia.
Gold demand at its highest since 2011
The World Gold Council revealed that demand for gold hit highs last year not seen since 2011, fueled by central bank tightening cycles, including the Federal Reserve's.
Exxon’s record profits irk White House in energy blame game
Exxon Mobile’s whopping earnings in 2022 irk White House, which called the report "particularly galling" as Americans spent more for gas prices.
Putin on phone with Saudis ahead of OPEC+ committee meeting on Wednesday
Oil prices are lower after Russian President Vladamir Putin reportedly met with Saudi Crown Prince Mohammed bin Salman ahead of OPEC + meeting to discuss global oil market.
US plant outages send oil refining margins to 3-month high
Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
Copper tops $9,000 for first time since June
The price of copper is up $9,013.50 on the London Metal Exchange as investors anticipate increased Chinese demand.
Dow makes big move on Friday as tech stocks lift Nasdaq
Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.
Silver and gold poised to shine in 2023
With inflation, recession and a volatile stock market expected to remain big themes this year, precious metals are poised to shine in 2023, say experts. Gold and silver, hedges to inflation and uncertainty, could push gold to a record $2,100+ an ounce, while silver may approach $38 an ounce, a nearly 50% jump.
Tokyo Gas unit close to $4.6B deal for US natgas producer: report
Tokyo Gas is in talks that could lead to buying U.S. natural gas producer Rockcliff Energy for $4.6 billion.
Oil set to end turbulent 2022 higher
U.S. West Intermediate crude is heading toward posting a second straight annual gain, rising 4.5% in 2022.
‘Bering Sea Gold’ star Emily Riedel, a former opera singer, reflects on building an unlikely empire in Nome
Emily Riedel, dredge captain and star of Discovery Channel's "Bering Sea Gold," is the sole female captain of The Eroica, in Nome, Alaska. She originally studied music before hunting for gold.
Mark Cuban weighs in on gold and bitcoin, says both 'a store of value'
Billionaire Mark Cuban offered his thoughts on gold and bitcoin in an upcoming podcast episode with Bill Maher, saying they both are both a "store of value."