US shares were set to end the first quarter on a positive note as a key Fed price metric provided more evidence that inflation was continuing to cool.
National politics might be ready for a conversation on taxation and spending that could dwarf even that of the 1980s, writes Laura Tingle.AUD -0.3% to 66.94 US centsIn New York: BHP +0.9% Rio +0.7% Atlassian +5.7%Spot gold -0.2% to $US1975.74/oz at 1.11pm in New York10-year yield: US 3.50% Australia 3.29% Germany 2.
The sentiment index decreased to 62 from 67 in February as consumers’ assessment of both current and expected conditions worsened. The median estimate in a Bloomberg survey of economists called for a reading of 63.3.Barrick Gold is set to restart operations at one of its biggest gold mines after inking a deal with Papua New Guinea’s government over its shuttered mine in the southwest Pacific island nation.
The world’s second-largest gold producer signed an agreement on Thursday with the government and its Papua New Guinea partners to resume operations at Porgera mine, which had been suspended since 2020. All parties are committed to reopening at “the earliest opportunity”, Barrick said in a statement without disclosing an exact date. A project team is moving ahead to get a special mining lease and fulfil other conditions for the restart.
writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
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