03:41:40 EDT Fri 01 Aug 2025
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CA



Kinross Gold Corp (2)
Symbol K
Shares Issued 1,226,788,539
Close 2025-07-23 C$ 21.99
Market Cap C$ 26,977,079,973
Recent Sedar Documents

FP/wire say Barrick, rivals see gold slip on trade woes

2025-07-23 09:16 ET - In the News

See In the News (C-ABX) Barrick Mining Corp

The Financial Post reports in its Wednesday edition that gold dipped after hitting a month high, as investors eyed the progress of trade negotiations ahead of President Donald Trump's Aug. 1 tariff deadline. A Bloomberg dispatch to the Post reports that bullion traded near $3,385 (U.S.) an ounce Tuesday after closing 1.4 per cent higher in the previous session. The dollar steadied following a sharp sell-off on Monday amid renewed concerns about global trade after White House Press Secretary Karoline Leavitt said the President may send more unilateral tariff letters before Aug. 1. A stronger greenback makes gold more expensive. Several countries aim to secure deals with the White House ahead of the deadline, with officials from Japan, South Korea and the European Union scheduled to meet U.S. counterparts this week. Investors were also weighing the outlook for the Federal Reserve's interest-rate path ahead of next week's policy decision. Officials have recently expressed differing views on how Mr. Trump's tariff agenda will impact inflation, with Fed Governor Christopher Waller advocating for a rate cut even as most of his colleagues remain more cautious. Higher borrowing costs tend to pose a headwind for gold.

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