Gold

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Gold Bullion

Gold Plunges to Lowest in Two Years Amid Fed Rate-Hike Bets

(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 […]

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Barrick Gold CEO Contains Costs to Extend Streak of Profit Beats

(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 […]

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Fraud
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JPMorgan Trader Spoofed So Fast Colleagues Urged Ice on Fingers

(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 […]

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Gold

JPMorgan Gold Desk Ripped Off Market for Years, Jurors Told

(Bloomberg) — The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago. “This case is about a criminal conspiracy inside one of […]

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Gold Keeps Its Shine for Investors as Other Precious Metals Fade

(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 […]

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Biotechnology
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Daily Rundown
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Biotech, Gold, Silver, Coal, Pharmaceuticals

Assembly Biosciences, Inc. (ASMB) Assembly Biosciences, Inc., a clinical-stage biotechnology company, discovers and develops therapeutic candidates for the treatment of hepatitis B virus (HBV) infection in the United States. The company’s lead product candidate is Vebicorvir, which as completed Phase 2 clinical trials to treat patients with chronic HBV infection. Hycroft Mining Holding Corporation (HYMC) […]

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Gold
Gold Stocks

Gold Fields to Buy Canada’s Yamana for About $7 Billion

(Bloomberg) — Gold Fields Ltd. agreed to buy Canada’s Yamana Gold Inc. for about $7 billion in shares as the South African miner expands in the Americas. Johannesburg-based Gold Fields will offer 0.6 of one of its shares for each Yamana share, the company said in a statement. Based on the ten-day volume weighted average […]

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3 Gold Stocks To Buy Now

Click the symbol for the chart and signal Royal Gold, Inc. (RGLD) Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production. Franco-Nevada Corporation (FNV) Franco-Nevada Corporation operates as a gold-focused royalty […]

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Gold
Gold Miners
Russia

Russia Seeks New Ways to Sell Its $20-Billion-a-Year Gold Output

(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 […]

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Stock Market Correction

Dow Falls, Oil and Gold Surge—and What Else Is Happening in the Stock Market Today

Gold prices marched higher Monday, as investors fled to havens amid declines in stocks. DAVID GRAY/AFP/Getty Images Stocks plunged Monday and investors sought havens as oil prices hit the highest level since 2008, driven higher by supply fears amid a possible ban from the U.S. and allies on Russian crude. Futures for the Dow Jones […]

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TradersPro Sunday

Top Gold Stock To Consider This Week

IAMGOLD 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% […]

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3 Gold Stocks To Consider Now

Click the symbol for the chart and signal Orla Mining Ltd. (ORLA) Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, lead, zinc, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 163,129 hectares located in […]

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Gold Set for Biggest Weekly Gain Since 2020 as War Boosts Havens

(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 […]

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Gold fetishism has had its day

Putin’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 […]

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3 Gold Stocks To Buy Now

Idaho Strategic Resources, Inc. (NJMC) Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d’Alene Mining District of North Idaho and Western Montana. It owns 100% interest in the Golden Chest Mine. Barrick Gold Corporation (GOLD) Barrick Gold Corporation engages in the […]

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