Mining chief calls for spending discipline as gold surges above $3,000

Fortuna Mining CEO calls for spending discipline despite record-high gold prices

Mining chief calls for spending discipline as gold surges above $3,000

Jorge Ganoza of Fortuna Mining says industry must guard against over-investment amid ‘exciting days’

Gold industry warned to keep discipline amid euphoria

A GOLD industry executive has warned the sector to retain its technical discipline amid record prices for the metal. Speaking to the Financial Times, Fortuna Mining CEO Jorge Ganoza said: “We, as captains of industry, the people who decide the allocation of capital towards new project development, need to keep very disciplined”. “Investors have the luxury of coming in and coming out but we have to mine every day,” he added. Investors have floode…

Dollar Falls and Gold Soars on US Trade Uncertainty

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Safe Haven Tested: Gold Surges While Dollar and Equities Struggle - GIS user technology news

In recent days, the trade war between the United States and China has escalated. The U.S. has imposed tariffs of up to 145% on Chinese imports, and China has raised tariffs on American goods to as high as 125%. The resulting uncertainty, driven by the inability to accurately assess the damage to global trade and […] The post Safe Haven Tested: Gold Surges While Dollar and Equities Struggle appeared first on GIS user technology news.

Gold advances amid Middle East conflict, US tariffs, and subdued Dollar

Gold (XAU/USD) is rising sharply on Tuesday, supported by a convergence of geopolitical conflict, trade policy uncertainty, and investor defensiveness ahead of Wednesday’s Federal Reserve (Fed) interest rate decision and Chair Jerome Powell’s press conference.