The Daily Chase: Barrick Gold delivers strong quarter; Oil under pressure - BNN Bloomberg

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The Daily Chase: Barrick Gold delivers strong quarter; Oil under pressure - BNN Bloomberg
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🛢️Barrick Gold posts strong Q2 📉Price of oil drops ✍️U.S. Senate approves Inflation Reduction Act Here’s what you need to know today:

The company produced just over one-million ounces of gold in Q2, and says it is on track to meet its full year forecasts. Most of Barrick’s gold production in the quarter came from its mines in Nevada, Argentina and Tanzania. We’ll hear from the company’s president and CEO Mark Bristow at 8:35 a.m. EDT. in nearly six months last week. Investors continue to weigh the risk to demand as fears of a global slowdown build.

Whirlpool also announced a deal this morning. The company is buying Insinkerator, which is Emerson Electric’s food waste-disposal business, in a deal valued a US$3 billion

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