Gold Prices React to Renewed Concerns Over the Ongoing Pandemic
- FinancialBuzz.com News Commentary
Share this article
Share this article
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:�
Breaking News: Exploits Receives Drill Permits for The Quinlan Vein Prospect, Dog Bay, Newfoundland | Breaking News: Exploits Receives Drill Permits for The Quinlan Vein Prospect, Dog Bay, NewfoundlandFinancial Buzz
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Press Release - MINING COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Gold Prices Continue to Trend Higher on Several Factors
FinancialBuzz.com News Commentary
NEW YORK, April 16, 2021 /PRNewswire/ Gold prices continued to rise on Thursday, as the June Gold futures had their biggest daily gain since March. Gold prices reacted to the U.S. bond yields pull back and increasing U.S. tensions with China and Russia, which emphasizes the status of the yellow metal as a safe haven asset. According to a report by Kitco, a weaker U.S. dollar index and a rally in crude oil futures this week are also helping to push the gold and silver markets. In addition, even though there is a gradual easing of all the restrictions and businesses are slowly starting to reopen, the actual economic repercussions from the current pandemic and measures taken to combat it are still unclear, and this factor is also taken into consideration for gold value. Exploits Discovery Corp. (CSE: NFLD) (OTC: RNRRF), New Gold Inc. (NYSE: NGD), Agnico Eagle Mines Limited (NYSE: AEM), Sandsto
Breaking News: Exploits Awards Diamond Drilling Contract for Five Gold Targets in the Exploits Subzone Gold Belt | Breaking News: Exploits Awards Diamond Drilling Contract for Five Gold Targets in the Exploits Subzone Gold BeltFinancial Buzz
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.