Gold Fields Profit Doubles as Metal Rally Offsets Virus Turmoil

A 12.5 kilogram gold ingot sits at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia, on Thursday, July 30, 2020. Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since 1979. — A 12.5 kilogram gold ingot sits at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia, on Thursday, July 30, 2020. Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since 1979.Photographer: Andrey Rudakov/Bloomberg

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August 20, 2020 at 5:55 AM UTC

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Gold Fields Ltd. doubled its first-half profit as a rally in the price of gold offset mining disruptions from the coronavirus pandemic.