Gold Fields’ forecast of sharp profit rise leaves investors cold
Less appetite for safe haven assets offsets gold miner’s expectations of a 37% jump in normalised earnings
30 July 2021 - 10:57
UPDATED 01 August 2021 - 20:24
Investors brushed off Friday’s news that the world’s sixth-largest miner, Gold Fields, expects a sharp profit rise for its half-year to end-June, amid an uncertain outlook for the precious metal.
The global economic rebound and rising inflation have eroded demand for safe-haven assets such as gold...
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