Banks have slashed their global and U.S.-specific growth forecasts due to the COVID-19 outbreak, stating that recession is on its way.
News ID: 8752 Publish Date : 2020/03/17
Holdings of gold by exchange-traded funds declined on Friday by the most in a year, said BMO Capital Markets.
News ID: 8735 Publish Date : 2020/03/16
Gold prices are caught in a tug-of-war between acting as a safe haven and meeting liquidity needs. Still, expectations for further loosening of global monetary policy are likely to underpin the metal in the longer term, said Standard Chartered Thursday.
News ID: 8692 Publish Date : 2020/03/12
Gold prices are sharply lower and have fallen below psychological support at $1,600, falling victim to the old trading adage, “when you can’t sell what you want, you sell what you can.”
News ID: 8690 Publish Date : 2020/03/12
As a fellow gold bug and a long-term believer that eventually there will be a day of reckoning and prices will explode to unprecedented levels, I have to say I am very disappointed in the performance during this latest crisis. Maybe it's the short sellers; maybe it's the failing miners selling forward production or just being a victim to margin calls in equities, it appears that gold has already made its top on this cycle.
News ID: 8689 Publish Date : 2020/03/11
On the day the WHO declared coronavirus a global pandemic and the Dow was down 1,300 points, CNBC's Jim Cramer reminded investors that it is not too late to get into gold.
News ID: 8688 Publish Date : 2020/03/11
A crisis is brewing in equity markets Monday as indexes posted a sharp decline at the open.
News ID: 8664 Publish Date : 2020/03/09
Money managers’ net-bullish positioning in gold futures declined during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC), with some observers citing selling to raise money to meet margin calls and offset losses in other markets.
News ID: 8663 Publish Date : 2020/03/09
Analysts are doubling down on their comments that gold’s safe-haven appeal is the winning asset amid growing coronavirus fears, an oil-price crash and an equity market correction.
News ID: 8662 Publish Date : 2020/03/09
Declining U.S. interest rates and pressure on the U.S. dollar should keep boosting gold prices, said Credit Suisse.
News ID: 8597 Publish Date : 2020/03/06
The article was updated to reflect a shift in gold prices in a delayed reaction to the employment data
News ID: 8596 Publish Date : 2020/03/06
Gold prices have quickly dropped from double-digit gains seen just a short while ago to double-digit losses in active trading late Friday morning.
News ID: 8595 Publish Date : 2020/03/06
Bullion prices are at their highest in seven years, closing in on $1,600 an ounce. Gold held by exchange-traded funds is at all-time records and rising, thanks to worries over the economic damage inflicted by the coronavirus outbreak. Reserves, meanwhile, are depleting. It’s a heady mixture for miners, but perhaps not yet an intoxicating one.
News ID: 8460 Publish Date : 2020/02/18
Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and through ongoing exploration success.
News ID: 8458 Publish Date : 2020/02/18
The 12th International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries is hosting more than 130 domestic and foreign companies at Tehran Permanent International Fairground from February 12 to 15, IRNA reported.
News ID: 8427 Publish Date : 2020/02/12
Barrick Gold (NYSE: GOLD) is not looking to merge with copper miner Freeport-McMoran, CEO Mark Bristow said on Thursday, although he is interested in the company’s Grasberg mine in Indonesia, and indicated he wants to expand in the Pacific Rim.
News ID: 8425 Publish Date : 2020/02/07
Canada’s Lucara Diamond (TSX:LUC) has found an unbroken 549-carat white diamond at its prolific Karowe mine in Botswana, the same asset that last year yielded the 1,758-carat Sewelô (“rare find”), the second-largest diamond ever mined.
News ID: 8403 Publish Date : 2020/02/06
AngloGold Ashanti Ltd., a company that emerged from the South African mining empire created by Ernest Oppenheimer, is pivoting toward the Americas to develop more profitable assets.
News ID: 8402 Publish Date : 2020/02/06
Angola state-owned diamond mining company Endiama EP plans to sell as much as 30% of its shares in an initial public offering in 2022.
News ID: 8401 Publish Date : 2020/02/06
Australian Vanadium said on Wednesday it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm’s flagship project.
News ID: 8309 Publish Date : 2020/01/14
