GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 11/15/19

Last year, during the fourth quarter, all hell was breaking loose in markets across all asset classes. The price of oil was collapsing from $76.90 to $42.36 per barrel. Stock prices plunged, and a general environment of risk-off gripped investors and traders. The selling came from a fear that ...

By Ed Coyne, John Hathaway, Ryan Mcintyre Gold has seen a double-digit YTD advance in 2019. Gold mining equities have also posted notable returns. Fueled by lower interest rates worldwide and the growing risk-off sentiment, gold is proving its mettle as a safe-haven investment and non...

2019 has been an eventful year in the gold market. The price of the yellow metal has traded in a range from $1266 on the lows in April to $1559.80 per ounce in early September. In June, the precious metal broke out to the upside when it rose above the July 2016 high, and level of critical tech...

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On October 30, the US Federal Reserve cut the short-term Fed Funds rate by 25 basis points. The move was the third since July 31 that pushed the Fed's benchmark to 1.50% to 1.75%. Over that period, the Fed had not only reduced short-term interest rates, but it also ended its balance sheet norm...

Gold futures ( GLD -1.5% ) fell to their lowest settlement in three months and largest weekly percentage decline in more than a year, as a surge of optimism about a phase one U.S.-China trade deal sparked a rise in debt yields, dulling the appeal of precious metals. More news on: SPDR ...

December Comex gold ( GLD -1.6% ) posted its largest percentage decline since Sept. 30, settling -1.8% at $1,483.70/oz. for the lowest most-active contract settlement since Oct. 15. More news on: SPDR Gold Trust ETF, iShares Silver Trust ETF, VanEck Vectors Gold Miners ETF, Commoditi...

The gold miners’ stocks have surged in 2019, blasting higher after gold’s first bull-market breakout seen in several years. That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment. That grinding consolidation lower has s...

For many investors, gold’s extended trading range since late August has been agonizingly long. Gold bulls have patiently waited for the next rally phase of the metal’s price to commence. And while there are fundamental signs which favor the continuance of gold’s bull marke...

Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 2016 high of $1377.50 per ounce. That price stood as a line in the sand on the upside for the precious metal for almost three years before it finally gave way. The price ra...