Barrick Gold Corp. produced more of the precious metal with lower costs in the 4th quarter than the previous period as it met its fullyear gold guidance amid the global pandemic.
Gold closed above $2,000 an ounce for the first time this week, capping an explosive growth spurt that has blown past analysts’ projections.
The central bank announced on Monday that it would stop buying gold starting April 1, but didn’t explain the move. Analysts say Russia already has a lotof gold stashed in reserves and likely doesn’t need more.
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