Gold is refined at a non-ferrous metals plant in Russia. (Bloomberg) Gold continues to make headlines daily with its roller coaster ride to new record highs. With all the mixed information and “expert” opinions, it is easy to become confused when considering it as a possible investment.
Given the current challenges the world and the United States face, the possibility to see yet higher gold prices does exist. The markets continue their volatile ways and seem to have rebounded in the face of the ongoing uncertainty created by the pandemic.
But is it a good investment for your portfolio?Of all the […]
Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.
DAVID GRAY | AFP | Getty Images
Gold jumped 1% on Monday on optimism around a U.S. stimulus bill and a weakened dollar, despite gains in the stock markets after reports that U.S. President Donald Trump could soon be discharged from the hospital.Spot gold was up 0.7% at $1,912.80 per ounce after hitting the highest since Sept. 22 at $1,918.36. U.S. gold futures settled up 0.7% to $1,920.10.Optimism over fiscal stimulus came into play after upbeat weekend comments from U.S. House […]
Gold prices barely moved on Friday inching lower and trading in a very tight range. The dollar declined slightly after rallying on Thursday as US yields consolidated. The movement in the dollar and yield came despite a stronger than expected US retail sales report, that seemed to be countered by a slight dip in US consumer confidence.
Trade gold with FXTM Technical analysis
Gold prices edged lower trading sideways and barely moving on Friday. Prices remain above short term support is seen near the 10-day moving average at 1,902. Resistance is seen near the 50-day moving average at 1,927. […]
Gold (XAU/USD) buyers are finally extending their control above $1900, rejoicing the renewed optimism over the US fiscal stimulus. The safe-haven US dollar wilts amid a risk-on market mood after US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin moved closer to an agreement on a fresh coronavirus relief package late Tuesday.
Markets remain hopeful that the stimulus deal will be clinched ahead of the November election and the new funds will boost the demand for gold as an inflation hedge. The stimulus talks are likely to continue this Wednesday. Let’s take a look at how gold is positioned […]
Gold buyers catch a breather above $1,920 after posting the biggest gains in a fortnight.
COVID-19 data from US states, Victoria propel fears of wider wave 2.0.
Trump blames Democrats for the delay in stimulus despite recent hopes, EU and the UK resume Brexit talks. US Initial Jobless Claims, aid package updates will be the key. Gold drops to $1,924, after rising for three consecutive days, during the early Asian session on Thursday. The latest challenges to risk-on mood, initially backed by the hopes of the US coronavirus (COVID-19) relief package and a soft Brexit, […]
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock performs well, when investors win, they can win big. Don’t believe it? Then look at the Highland Gold Mining Limited ( LON:HGM ) share price. It’s 437% higher than it was five years ago. This just goes to show the value creation that some businesses can achieve. Also pleasing for shareholders was the 10% gain in the last three months.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic […]
Expanded margins have created an optimal environment to invest in miners, but investors should still watch for jurisdictional risks, including the inability for miners to access their sites due to the ongoing pandemic, said Brent Cook, founder of Exploration Insights.
“If the company can’t get to site, that drops them down in terms of our interest,” Cook said.
Cook’s top picks for mining companies include Bluestone Resources (TSXV: BSR.V), Westhaven Gold Corp. (TSXV: WHN.V), and Clean Air Metals (TSXV: AIR.V).In addition, mergers and acquisitions activity have been slowed by COVID-19.“Due diligence required to do mergers and acquisitions and such, has been […]