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Newmont Reports Strong Q1 Earnings, Reaffirms Full-Year Guidance
China Calls on U.S. to Lift All Unilateral Tariffs, Denies Talks
Trump Plans Some Tariff Relief for Automakers - Report
Trump Signs Order Advocating Skilled Trades Over College
How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
Gold prices soared, the world's largest gold mining company posted Q1 profits far exceeding expectations, and cash flow reached a record high.
Newmont's profit in the first quarter was 1.9 billion dollars, compared to 0.179 billion dollars in the same period last year, an increase of nearly 11 times. The adjusted EPS reached 1.25 dollars, significantly exceeding the Analyst's expectation of 90 cents. Gold production fell by 8.3%, but soaring gold prices drove profit growth.
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. At the point where the valuation of Fartcoin exceeds that of the majority of most publicly traded companies, you know there's a problem.