Shares in London-listed precious metals miners took a hit on Friday afternoon, with Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) down 2.5% and Fresnillo PLC (LSE:FRES) dropping 3.2%, as gold prices extended their decline on reports of a breakthrough in US-China trade negotiations.
The price of gold fell below $3,300, with analysts noting a shift in investor appetite towards riskier assets and away from traditional safe havens.
Black Swan Graphene (TSX-V:SWAN) announced that it has entered into a non-exclusive distribution and sales agreement with METCO Resources, a major Indian supplier of specialty materials and polymers.
The agreement enables METCO to supply Black Swan's graphene-enhanced masterbatches (GEM) for a wide range of polymer applications in the Indian market.
Nike Inc (NYSE:NKE, ETR:NKE) shares jumped almost 15% on Friday following the release of a rough fourth quarter report, with significant declines in sales and profits anticipated by investors.
The company’s guidance also reflects near-term headwinds, but marked an improvement from previous trends.
Shares in cryptocurrency firms Coinbase Global Inc (NASDAQ:COIN) and Circle jumped after US markets closed on Thursday, lifted by renewed interest in the stablecoin sector and growing expectations of interest rate cuts in the United States.
Circle, which only listed on Nasdaq earlier this month, rose 7.6% after rebounding from a sharp sell-off earlier in the week.