(Bloomberg) — Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer subject inbound travelers to quarantine from early January, adding to the rapid rollback of strict pandemic rules and boosting sentiment toward Asia’s […]
Read More(Bloomberg) — Gold sank to the lowest level since the early days of the pandemic, caught up in a broad selloff after a slew of central banks followed the Federal Reserve in raising interest rates to cool inflation. Bullion flirted with slipping into a bear market, closing nearly 20% below the all-time high reached in […]
Read More(Bloomberg) — Gold fell to the lowest since April 2020 amid expectations of more aggressive interest-rate hikes by the Federal Reserve despite a fresh round of mixed US data. Applications for US unemployment insurance fell for a fifth straight week, suggesting demand for workers remains healthy despite an uncertain economic outlook. Retail sales unexpectedly rose […]
Read More(Bloomberg) — Barrick Gold Corp. became one of the few major mining companies this earnings season to deliver a positive surprise, navigating cost inflation and production challenges to exceed analysts’ estimates. The world’s No. 2 gold producer on Monday reported adjusted earnings of 24 cents a share for the second quarter versus the 23-cent average […]
Read MoreEnvela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. ELA $7.6400 -0.4800 % -5.9100 Envela Corp Sector : Retail-Wholesale Industry : Retail – Jewelry Signal Short Term Trend Long Term Trend BUY UP […]
Read More(Bloomberg) — Gregg Smith clicked his computer mouse so rapidly to place and cancel bogus gold and silver orders for Bear Stearns Cos. and later JPMorgan Chase & Co. that his colleagues would joke that he needed to put ice on his fingers to cool them down afterward, or that he must be double-jointed. That’s […]
Read More(Bloomberg) — Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist. Gold-backed ETFs shrank by just over 1% in the three months through […]
Read MoreIAMGOLD Corporation, through its subsidiaries, explores for, develops, and operates gold mining properties in North America, South America, and West Africa. IAG $3.3300 0.0800 % 2.4600 Iamgold Corp Sector : Basic Materials Industry : Mining – Gold Signal Short Term Trend Long Term Trend BUY UP DOWN Day: 2.46% Wk: 8.47% Mo: 30.59% Yrly: 8.47% […]
Read More(Bloomberg) — Gold headed for its biggest weekly gain since July 2020 as the war in Ukraine fueled demand for haven assets. Investors are assessing the economic fallout from Russia’s invasion of its neighbor, which is disrupting flows of energy, grains and metals. The resulting surge in oil prices has stoked concerns about global growth […]
Read MorePutin’s war on Ukraine rested on two premises: that a massive show of force would demoralise Kyiv; and that Russia’s $630bn in financial reserves would deter anyone who might question the value of the rouble. But both premises evaporated, because they depended on decisions that were beyond Putin’s control: whether Ukrainians would flee before a […]
Read More(Bloomberg) — Gold mining stocks that have lagged bullion gains over the past year are set to move higher as the industry steps up dividends and buybacks, according to Agnico Eagle Mines Ltd. Executive Chairman Sean Boyd. Prices of gold, a traditional haven investment, are starting to rally as geopolitical tensions such as Russia’s invasion […]
Read More(Bloomberg) — Spot gold is again bobbing along near $1,800 an ounce, as it has been since mid-2020. The stickiness of that level, particularly as fundamentals turned more bearish, suggests there’s a big buyer somewhere in these waters. Since breaking above the round number in July 2020, the gold price dipped below it 19 times […]
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