Gold price builds momentum as hedge funds add 36% to bullish bets

Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10m tonnes of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as

Gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets.

Gold is beautiful. The high metallic lustre – meaning it reflects light well – gives it that beautiful shiny appearance. Lesser-known qualities include exceptional malleability and ductility, it has a relatively high melting point, around 1064°C,

Aim-listed Kefi Gold and Copper has achieved further positive developments at its high-grade Tulu Kapi gold project in Ethiopia, as it prepares for full launch in the first half of this year. As previously reported, all

Gold prices hit fresh all-time peaks on Monday with stocks on Wall Street closing mixed as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong U.S. economy that rebuts

KEFI Gold and Copper is preparing for a robust launch in the Tulu Kapi Gold Project in Ethiopia, with key financing milestones and regulatory changes enhancing funding structures. The development budget of $320 million, excluding a

Gold and Copper prices were higher on Monday morning as the market now anticipates the US Federal Reserve could start cutting interest rates later this year. The price of gold has gone up by 0.15% and is currently

Copper prices soar to an 11-month high as Chinese smelters cut production, sparking potential long-term investment opportunities. Copper prices skyrocketed to over $4.1 per pound, hitting their highest point in more than eleven months. This surge

On 4 March, KEFI announced a firm placing of 750m new shares to raise £4.5m at a price of 0.6p/share plus a further 83.3m shares (subject to approval by shareholders at a general meeting on 26

Gold prices lingered close to a two-month high on Monday, after softer US economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve. Spot gold edged 0.1% lower to

KEFI Gold and Copper has unveiled the discovery of a third significant copper-gold deposit within the expansive Hawiah Copper-Gold district in Saudi Arabia. This follows the original Hawiah discovery when drilling commenced in 2019 and the

Gold and copper exploration and development company KEFI Gold and Copper announced on Monday the discovery of a third copper-gold-zinc-silver deposit in the Hawiah Copper-Gold district by its Gold & Minerals (GMCO) joint venture. The company,

In the heart of Ethiopia, a gold rush is on the horizon. Kefi Gold and Copper’s Tulu Kapi gold project, a beacon of hope for the nation’s economy, has secured approval for a monumental transaction worth