⛏ Gold hits fresh all-time high with U.S. government shutdown

Gold hits fresh all-time high as U.S. government shutdown dents risk appetite
Gold prices soared to new highs on Wednesday, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding. Spot gold hit a record of $3,894.63 an ounce while U.S. gold futures for December delivery extended gains to hit a high of $3,922.70. Read on »

Gold miners Barrick and Newmont appoint new bosses
In an unexpected move, Canada’s Barrick Mining on Monday immediately replaced chief executive Mark Bristow with Mark Hill, who will act as interim chief while the company searches for a permanent replacement. Rival Newmont, the world’s largest gold producer by volume, announced just minutes later that chief operating officer Natascha Viljoen would take the top job on January 1, as current head Tom Palmer plans to retire. Read on »

Drivers behind US cattle herd size stagnation
Since the United States Department of Agriculture (USDA) started publishing US cattle herd size data in 1973, a persistent downward trend has been present through time with only a few local peaks. In fact, as of the end of 2024, the US cattle herd size reached the lowest level on record and is more than thirty-percent smaller than the peak size it reached in 1974, and only four-fifths of the average size from 1973 to 2024 despite rising cattle prices over the same period. Read on »

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