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Shares of South African gold miner Gold Fields Ltd. (NYSE: GFI) took an 8% hit in afternoon trading Friday, following the release of disappointing earnings for the first half of 2024. While the gold market itself is surging, the company’s internal struggles have left investors questioning its ability to capitalize on favorable conditions. CEO Mike…

Oilfield services giant Halliburton has confirmed it is grappling with a computer system issue linked to a cyberattack. While the company declined to provide specific details about the nature of the incident, a person familiar with the matter told Reuters that the attack appears to be impacting operations at its Houston campus and some global…

Gold’s allure continues to captivate investors, sending its price to record heights amid a turbulent political climate. Yet, while the precious metal shines, the companies that extract it remain curiously undervalued. This year, gold futures surged past the $2,400 mark, fueled by uncertainties surrounding the U.S. presidential election and a wave of central bank buying….

Gold prices exploded on Tuesday, reaching never-before-seen territory as expectations for a Federal Reserve rate cut converged with ongoing geopolitical jitters. This perfect storm for the precious metal has analysts predicting a potential long-term bull run, with some even eyeing a historic $2,500 per ounce price tag. Interest Rate Cuts: The Golden Ticket Leading the…

Recent activity in global oil markets has been relatively quiet, with lingering pessimism and a cautious approach among investors. Over the past weeks, Brent crude prices have remained confined within a narrow range, and this extended period of sideways movement has led to reduced market volatility. This stability in oil prices contrasts with the robust…

Recent data from the Energy Information Administration (EIA) revealed a surprising turn of events in the U.S. oil market. Contrary to analysts’ predictions, crude oil inventories experienced a significant decline of 2.5 million barrels, reaching 457 million barrels in the week ending May 10. This unexpected drawdown coincided with a notable increase in refining activity….

The traditional inflation hedge of gold may be losing its luster, as a new contender emerges: farmland. Nuveen, a leading asset management firm, suggests that farmland could offer a more effective and potentially lucrative shield against the erosive effects of inflation. Unlike the precious metal, farmland investments can generate income through lease agreements and rising…