Gold Fields Ltd
Latest Gold Fields Ltd News and Updates
Unemployment Remains a Major Concern for South Africa
South Africa’s unemployment rate was as high as 25% in 2015. The high unemployment rate has been a serious issue in the country for several years now.
An Overview of the South African Economy’s Structure
The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.
Which Intermediate Gold Miners Could Run into Financial Concerns?
Eldorado Gold is well placed financially. It had a liquidity of $763.8 million, including $388.8 million in cash, cash equivalents, and term deposits.
Decelerating Production Growth for Some Intermediate Gold Miners
New Gold produced 123,000 ounces in 3Q15. It has guided for a production toward the higher end of the guidance range of 390,000–410,000 ounces for 2015.
Gold Miners’ Geographic Exposure Impacts Growth Prospects
While gold miners try to limit their exposure to safe jurisdictions, it’s important to look at geographic exposure and its implications on their prospects.
2015 Has Been Hard on Mining Companies
2015 has been tough for miners, especially due to the price rout in the commodities market. The commodities market has fallen about 24.3% since the start of the year.
Why the Strong US Dollar Outlook Means Pressure for Gold Prices
Tracked by the Federal Reserve, the weekly US Dollar Index (UUP) measures the value of the dollar compared to its six significant trading partners.
The Nile Pan Africa A Fund: Negative Returns for 5 Years
The Nile Pan Africa A Fund (NAFAX) invests at least 80% of its portfolio in the stocks of Africa-based companies. The majority of the fund’s exposure is in South Africa.
Analyzing the Coiled Spring Effect in Platinum Prices
After the VW scandal, platinum prices jumped to an almost two-week high, again entering the $1,000 territory after hitting a low of $893.4 on October 2.
Broad Commodities Market Sell-Off: Impact on Gold
The benchmark US ten-year note yield fell by eight basis points, or 0.08%, to 1.96% as of Monday, August 24. Recent buying ended a bearish period in gold.
US Employment Report: Will It Keep the Hopes of a Rate Hike Going?
Since the current set of data were better than the market expectations, the market’s hopes for a September rate hike are still on.
Russia on Gold Buying Spree, El Salvador Surprises with Sell-Off
After a break of two months, Russia resumed its gold buying spree in March, buying close to 30 tons of gold. Since 2005, Russia’s gold reserves have nearly tripled.
US CPI Inflation Sees Marginal Uptick in February
Gold usually has a direct relationship to inflation. Gold demand increases during periods of high inflation and falls when inflation is low.
