Tanzania renews the mining license for Barrick North Mara Gold Mine for 15 years

Tanzania has renewed the mining license for the Barrick North Mara gold mine for 15 years.

(1) Analysts from Maybank stated that the euro remained under pressure during the Asian trading session, as the political dilemmas in the eurozone highlighted the strength of the US dollar. (2) The analysts wrote that France’s public debt had reached 119% of GDP and is expected to climb to 122% before receding, with concerns over French sovereign bonds erupting last week. (3) They added that the most worrying aspect is France's plan to borrow a record amount in 2027 to help finance spending and repay debt. (4) There are already signs of contagion as yields surge among other heavily indebted peripheral eurozone economies such as Greece and Italy. (5) The market has revised down expectations for ECB rate hikes, but still anticipates one hike this year. (6) The euro dropped 0.6% to $1.1184, after touching $1.1161 earlier, its lowest intraday level since May 2025.

The investment institution AlphaValue has lowered the target price of BNP Paribas from the previous 119 euros to 101 euros. This target price adjustment represents the latest valuation by the institution, based on a comprehensive assessment of BNP Paribas' recent market performance, industry environment, and future profitability expectations. Any further changes in this valuation will closely depend on the overall trends in the European financial markets and BNP Paribas' own business developments.

Spot gold has just surpassed the $4,130.00/oz mark, last quoted at $4,129.92/oz, down 0.23% on the day; COMEX gold futures main contract last quoted at $4,157.60/oz, down 0.11% on the day.