Mining Giant Rio Tinto Plans to Expand Metals Trading Business - Bloomberg.com

(Kitco NewsWire) - Gold and silver prices are sharply higher in late U. S. trading Thursday, as falling Treasury yields, a weaker U. S. dollar and renewed safe-haven demand helped precious metals recover from Wednesday's inflation-driven selloff. A stronger-than-expected U. S. producer inflation report failed to reverse the rally in government bonds, with concerns over heavily indebted artificial intelligence companies drawing capital into Treasuries. At the time of writing, spot gold was trading near $4,168.70 an ounce, up $64.20, or 1.56%, while spot silver was trading near $57.310, up $1.800, or 3.24%. North American equities closed higher after recovering from sharp early losses, as falling Treasury yields and strength outside the technology sector offset continuing concerns about AI infrastructure spending. The S&P 500 advanced 0.3%, recovering from an early decline of approximately 0.6%. The Dow Jones Industrial Average gained 1.1%, supported by health care, retail and other defensive shares. The Nasdaq Composite finished 0.1% higher after reversing an intraday loss of approximately 1.4%.

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The Supreme Court of Newfoundland and Labrador has certified a class action on behalf of passengers on board Air Canada Flight AC 2259 which landed hard at Halifax in December of 2025 after the plane’s landing gear collapsed. The flight had taken off from St. John’s International earlier that evening, and officials at YYT later confirmed that debris was found on one of its runways after the flight took off. They wouldn’t say at the time whether the discovery was related to the incident at Halifax. The class action names Air Canada, Provincial Aerospace Ltd, St. John’s International Airport Authority and the Halifax International Airport Authority, all of whom have consented to certification. Stephen Barnes of Bob Buckingham Law says they want to understand what went wrong that night and make sure that passengers have an opportunity to be fairly compensated for what they went through. The case will examine whether the defendants met their responsibilities for aircraft safety, runway safety and emergency response, and whether any failures caused injury or loss to passengers.