⛏️ More Oil, Fewer Rigs

China is Hoarding the World's Gold
Whether the Chinese Central Bank's posture toward dollar-based assets has changed remains unclear from the outside, but its central bank has been at the forefront of a surge in purchases of the precious metal on the international market. Read on »

Newmont Rethinks Future in Gold-Rush Era Town After $15 Billion Deal
The world’s biggest gold miner just got bigger. That has left a Colorado mine with its origins in the gold-rush era facing an uncertain future. The company wants to raise some $2 billion from selling mines and rescheduling developments. Read on »

How The U.S. Is Pumping More Oil With Fewer Rigs
Production increases were driven by efficiency, particularly in Texas and new drilling methods, offsetting a decrease in active drilling rigs. U.S. crude oil production hit a monthly record in August 2023, with an average output of 13.05 million barrels per day, breaking the previous month's record. Read on »

• Gold Reserves by Country Link>>

• Have U.S. Circulating Coins Become a Cruel Joke? Link>>

• Gold slips as yields tick higher, Powell speech in focus Link>>

• Israel-Hamas conflict pushing gold price to highs, says Newmont boss Link>>

• Battery Metals Lose Luster as Surge in Supply Outpaces Demand Link>>