The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Newmont outperforms expectations, sparking a rally in the gold mining industry despite weak investor sentiment. Strong Q1 performance and dividend declared.
American Battery Technology updates its initial assessment for TFLP, improving economics by using higher-quality resources and optimizing processing, and other mining stories from Wednesday.
Gold prices declined 2.7% in NY due to reduced geopolitical risks. Silver also fell 5.1%. Israeli officials averted a US-backed counterstrike on Iran, easing tensions. Gains were pared as Iran downplayed strikes and traders await key economic data. Mining stocks also dropped, with GDX and SIL falling over 3%.