(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 More(Bloomberg) — Russia’s huge gold industry is searching for new ways to sell its metal, such as exporting more to China and the Middle East, as sanctions choke off its traditional sales routes. The second-biggest bullion miner is finding European and U.S. markets largely closed because of a ban on newly produced Russian gold, and […]
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 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 MoreA World Bank report recently forecasted that we would need more than 3 billion tons of metals and minerals to limit the rise in global temperatures by 2 degrees by 2050. That’s more than 3 billion tons in raw materials for solar, wind, and battery storage. The World Bank is not the only one. The […]
Read More(Bloomberg) — At first glance, Barrick Gold Corp.’s best day in the stock market in almost five months seems all about production: the world’s No. 2 producer churned out more bullion than analysts expected. But a closer look at fourth-quarter results reveals another strong earnings indicator, with the Toronto-based producer managing to bring down costs […]
Read MoreGold bullion bars David Gray/AFP via Getty Images Most investors don’t think of gold as a sustainable investment. Historically, it has required large amounts of water, energy and toxic chemicals to mine and refine. Mining companies have been accused of exploiting developing countries and their workers. Yet gold bullion—as opposed to miners—is surprisingly green. Once […]
Read MoreBuy Price: $4.50 or better Sell Price: TradersPro Sell Signal Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface […]
Read MoreGold Fields Limited (GFI) Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.24 million ounces, as well as gold mineral […]
Read MoreThe low costs and ease of trading exchange-traded funds (ETFs) have made them increasingly attractive to investors, and there are gold ETFs available that offer a variety of exposures to the gold market. However, only a handful of the available gold ETFs offers the bonus of paying dividends: the Sprott Gold Miners ETF (SGDM), the VanEck […]
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