Gold Prices Maintain Traction as Economies Begin Recovery
- FinancialBuzz.com News Commentary
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NEW YORK, May 14, 2021 /PRNewswire/ Gold prices breached the USD 1,800 mark earlier this month, for the first time since February. Despite the recovering economy and lower number of COVID-19 cases in the U.S., the government is still injecting liquidity into the financial system, as fiscal and monetary stimuli are being implemented. These measures, which are meant to help bring the economy back to pre-pandemic highs, have consequences, specifically the devaluation of the dollar and inflation. In a report by Kitco, Gary Wagner, editor of TheGoldForecast.com, explained that he believes that we will see a new all-time record high in gold. I m not optimistic as to believe it will happen, let s say, over the next four months. However, I think it s highly likely, based on certain parameters, that we do test $1,900 once again, and that could be over the
Gold Prices React to Renewed Concerns Over the Ongoing Pandemic
- FinancialBuzz.com News Commentary
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NEW YORK, April 22, 2021 /PRNewswire/ The gold market continued to climb back towards the USD 1,800 an ounce mark on Wednesday, as precious metals benefited from a weaker U.S. dollar and lower bond yields. In part, renewed concerns about the virus helped prevent a rise in long-term bond yields with the 10-year Treasury note yield remaining at around 1.56%. Subdued government debt yields can boost appetite for precious metals which don t offer a coupon. A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge, Lukman Otunuga, Senior Research Analyst at FXTM, told MarketWatch. With concerns likely to rise over how this may impact the world s economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return. Exploits Discovery Corp. (CSE: NFLD) (OTC:�
The Price of Gold Rises on Favorable Indicators
FinancialBuzz.com News Commentary
NEW YORK, April 9, 2021 /PRNewswire/ The gold price grew to cross the USD 1,750 an ounce mark on Thursday on several indicators that the yellow metal is once again in demand as a safe haven asset. According to a report by Kitco, after a pause in central bank gold buying last year, there are signs that demand for gold grows as Hungary tripled its gold reserves. Hungary s central bank increased its gold reserves to 94.5 metric tons from 31.5 tons, citing long-term national and economic policy strategy objectives. This marked one of the most significant central bank gold purchases in decades. Exploits Discovery Corp. (CSE: NFLD) (OTC: RNRRF), NovaGold Resources Inc. (NYSE: NG), McEwen Mining Inc. (NYSE: MUX), Equinox Gold Corp. (NYSE: EQX), Gold Fields Ltd. (NYSE: GFI)
Gold Prices Regain a Foothold After Multiple Negative Sessions
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NEW YORK, March 10, 2021 /PRNewswire/ Gold prices rebounded about 2% on Tuesday, surpassing the key price mark of USD 1,700 and posted their first gain in five sessions. The yellow metal s recovery is attributed to a fall in the dollar value and a pullback in yields for government debt from one-year highs. Given the metal s zero-yielding nature, falling yields may provide a tailwind for bulls to elevate prices higher, said Lukman Otunuga, Senior Research Analyst at FXTM, according to a report by CNBC. While gold is considered a hedge against potential inflation from massive economic stimulus measures, rising bond yields have challenged that status, which is why gold prices had been dropping prior to Tuesday. Exploits Discovery Corp. (CSE: NFLD) (OTCQB: RNRRF), Gold Fields Ltd. (NYSE: GFI), Great Panther Mining Limited (NYSE: GPL), Equinox
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce that the Company has entered into an.