ABC Refinery
Coverage of ABC Refinery in the Nexus archive.
- Gold Gains as Prospects of Iran Deal Temper Inflation Concerns
Gold prices rose as prospects of an Iran deal eased inflation concerns, while optimism grew in the US about a potential soft landing as the Federal Reserve combats inflation.
- Gold Holds Gain as US-Iran Truce Hopes Ease Inflation Concerns
Gold prices hold gains due to hopes of a truce between the US and Iran easing inflation concerns. The situation is being monitored at the ABC Refinery smelter in Sydney, Australia. Gold bars are being processed as the market remains stable.
- Gold Steadies After Japan’s Yen Intervention Weakens Dollar
Gold prices steadied after Japan's intervention in the yen weakened the dollar, while Western investors' demand for gold surged during the pandemic, offsetting reduced retail demand from China and India. This shift pushed gold prices to an eight-year high.
- Citi Retreats From Physical Metals Markets as Bank Cuts Traders
Citi is exiting the physical metals markets by reducing its trading staff. Meanwhile, gold prices rose amid mixed U.S. economic signals and optimism about a potential soft landing as the Federal Reserve combats inflation.