Gold price jumps to near 7-year high

The gold price jumped to a fresh near 7-year high on Tuesday as worries about the global economic impact of the coronavirus mutated into expectations of massive monetary stimulus to counteract the damage done in China and elsewhere.

Gold thrives when policy is loose and money is cheap, and usually moves in the opposite direction of interest rates. China is expected to pump billions into its financial system to revive its economy post-outbreak, and most developed economies never emerged from the ultra-low (or negative rate) environment of the 2008 global financial crisis.

KEFI Minerals 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
Twitter
LinkedIn
KEFI Minerals Plc

More articles like this

KEFI Gold and Copper

Copper prices soar to 11-month high on Chinese smelter cuts

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

KEFI Gold and Copper

Gold prices near two-month high

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

KEFI unveils Abu Salal deposit in Saudi Arabia

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

KEFI Gold and Copper

Tulu Kapi stakeholders commit to proceed with project development

Following meetings with senior representatives of stakeholders for aim-listed Kefi Gold and Copper’s Tulu Kapi gold project, in Ethiopia, at this year’s Investing in African Mining Indaba, all parties in the funding syndicate for the project will go to their respective committees this month to

KEFI Gold and Copper

KEFI discovers new high-grade Gold Deposit in Saudi Arabia

Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company’s minority-owned Gold and Minerals (GMCO) joint venture (JV). A satellite deposit, Asfingia, was discovered with “excellent”