Geopolitical events, including Iranian jurisdiction over the Strait of Hormuz and US withdrawal, are raising gold demand and benefiting gold miners.
1 report, 1 independent
Updated Jun 22
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What happened
Geopolitical events, including Iranian jurisdiction over the Strait of Hormuz and US withdrawal, are raising gold demand and benefiting gold miners.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Gold mines Cortez and Carlin are operating in Nevada amidst disruptions caused by the Iran conflict and rising energy prices.Sub-event
- Gold demand is rising due to geopolitical shifts in the Middle East, driven by Chinese and Bank of Korea purchases.Sub-event
- Central bank buying supports precious metal prices while rising energy costs increase operational expenses for miners amid the Iran conflict.Sub-event
Geopolitical events like the Strait of Hormuz crisis are driving up gold demand and benefiting gold miners.1 source
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The entities involved
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Iamgold
mining company from Canada for gold and niobium
- Iamgold operates projects in Burkina Faso, holds interests in ventures in Ontario, and owns a project in Quebec, while MarketBeat provides analyst ratings.
- Iamgold operates as a gold producer in Burkina Faso and holds interests in projects in Ontario, while also competing in the materials market with Outokumpu.