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Stock impact report

Sibanye Stillwater (SBSW) Soars 9.6% on Gold Rush [Yahoo! Finance]

D/B/A Sibanye-Stillwater Limited ADS (SBSW) 
Company Research Source: Yahoo! Finance
Sibanye Stillwater jumped by 9.6 percent week-on-week, as investors loaded portfolios in mining firms after gold prices soared to a new record high. On Friday, December 26, the spot prices of gold surged by 1.20 percent to $4,533.21, as funds shifted to safer assets to mitigate risks from macroeconomic uncertainties, while digesting President Donald Trump's comments that the next central bank chairman should lower interest rates if markets are doing well. Image by Csaba Nagy from Pixabay Typically, precious metals benefit from lower rates as they tend to weaken the US dollar, making it cheaper for foreign investors to buy silver and gold. This year alone, the Federal Reserve has already trimmed benchmark rates three times, and traders are expecting two more cuts in the next open market committee meetings. In other news, Sibanye Stillwater Limited (NYSE:SBSW) earlier this month said that it has successfully reached a new wage deal with employees at its mining site in South A Show less Read more
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