Gold, Silver Prices Pop On Safe-Haven Demand

Gold and silver prices are solidly higher in the early-afternoon U.S. trading Tuesday, on keener risk aversion in the marketplace coming from the European Union. Gold prices hit a one-week high, while silver notched a four-week high. Gold and silver bulls were especially encouraged by their metals’ ability to rally today in the face of a firmer U.S. dollar index that hit six-week high overnight. December gold futures were last up $15.60 an ounce at $1,207.30. December Comex silver was last up $0.208 at $14.71 an ounce.

 

KEFI Minerals (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects  within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.

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

KEFI Gold and Copper reports progress at Tulu Kapi project in Ethiopia

Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi. Kefi

KEFI Gold and Copper

Gold on track for third monthly gain

Safe-haven gold was poised for a third consecutive monthly gain as geopolitical risks and central bank demand lifted bullion’s appeal, although prices fell on Tuesday as market focus shifted to the Federal Reserve’s policy meeting. Spot

KEFI Gold and Copper

Rising demand for Copper driven by electric vehicles and AI

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

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