GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 09/23/19

Gold futures climbed to their highest in more than two weeks, with December Comex gold ( GLD +0.5% ) settling +1.1% to $1,431.50/oz., and silver +4.2% to $18.61/oz, as weak European economic data rekindled global recession worries. More news on: SPDR Gold Trust ETF, Endeavour Silv...

The gold market has calmed since reaching its most recent high at the beginning of September. December gold sitting at around the $1500 per ounce level on September 17. The ECB cut its deposit rate by ten basis points to negative 50 basis points at its September meeting. They also restarted ...

Even as gold bullion trades near six-year highs, the sentiment in presentations and interviews from mining executives (NYSEARCA: GDX ) at the Denver Gold Forum this week was the need to maintain discipline , Bloomberg reports. More news on: VanEck Vectors Gold Miners ETF, Agnico Eagle Min...

In 2018, the US Federal Reserve increased the short-term Feds Fund rate by 25 basis point four times. Coming into last year, the central bank had told markets to expect three one-quarter of one-point increases. Economic growth and the lowest unemployment rate in a half-century led the Fed to t...

Gold futures gained today but pulled back from early highs, finishing at their highest levels in just over a week, after the attack on Saudi oil production added to the appeal of safe haven assets. More news on: SPDR Gold Trust ETF, iShares Silver Trust ETF, Barrick Gold Corporation, Co...

In 2004, the price of gold began moving higher to above the $400 per ounce level. However, it was not until 2006-2008 that the price began its trek to the upside that took the price above the 1980 peak at $875 per ounce. A look back at the price action from 2004 through 2011 when the yellow me...

The gold investor group led by hedge fund manager John Paulson says "significantly mismanaged" gold mining companies (NYSEARCA: GDX ) could unlock $13B in value through mergers and cost cuts . More news on: VanEck Vectors Gold Miners ETF, Polymetal International plc, Kinross Gold Corporat...

The World Gold Council unveils a set of guidelines for gold miners involving governance, safety, labor and community engagement and environmental impact. More news on: Newmont Goldcorp Corporation, Barrick Gold Corporation, AngloGold Ashanti Limited, Commodities news, News on ETFs, R...

After a sizzling summer rally which saw gold stocks soar by an average of 35% over a three-month period, mining shares are finally experiencing a “correction.” In the last few days, gold mining stocks have declined sharply as investors book profits in the wake of short-covering i...

Citigroup says gold prices may rally to a record $2,000-plus per ounce in the next two years, citing rising risks of a global recession and the potential for the Federal Reserve to reduce interest rates to zero. More news on: SPDR Gold Trust ETF, VanEck Vectors Gold Miners ETF, Direxion ...