Precious metals lose ground as oil prices press higher
Gold prices slipped on Friday as higher oil prices and robust U.S. inflation data strengthened the case for another Federal Reserve interest rate hike later this year.
metals
Azerbaijani companies to engage in gold mining in Uzbekistan
Azerbaijani companies plan to participate in the development of gold deposits, geological exploration, silver ore processing and rare earth metals mining in Uzbekistan, according to the Uzbek Investment, Industry and Trade Ministry's press office.
Gold price surpasses 4,700 dollars per troy ounce
The price of gold futures contracts for October 2026 delivery on the Comex exchange (a division of the New York Mercantile Exchange) has risen above $4,700 per troy ounce for the first time since May 14, 2026, according to trading data.
Azerbaijani gold reserves exceed 200 tones
Azerbaijan's gold reserves have surpassed 200 tonnes by year-end, marking an increase of 36.4%. Gold now accounts for 38.2% of the investment portfolio of the national oil fund.
Silver price continues setting records
Silver futures with the settlement in March 2026 climbed above $67 per Troy ounce to a new record, according to market data.
Silver prices fall from record peak
Silver prices fell nearly 3% on Friday after hitting an all-time high earlier in the session, as profit-taking set in.
Gold prices set new records
Gold prices breached the key $4,000 per ounce mark for the first time on Tuesday, according to market data.
Canada bans import of Russia's aluminum and steel
Canadian authorities made the decision to ban import of aluminum and steel in Russia, according to regulations posted on the government’s website on Friday. According to amendments, "it is prohibited for any person in Canada …
Nornickel increased revenue but lost 11 employees
Norilsk Nickel (Norickel), the world’s largest producer of palladium and high-grade nickel saw consolidated revenue increase 15 per cent year-on-year in 2021 to 17.9 billion US dollars
Will there be enough metals to sustain the electric vehicle revolution?
Soaring demand for electric vehicles coupled with global battery supply chain issues caused production problems for carmakers last year. But the disruptions seen in 2021 are unlikely to become the new normal for three reasons
