GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 07/29/20

The gold price made a new all-time nominal high Monday at $1,945 per ounce. This move should not come as a surprise to anyone paying attention to the current financial landscape. The Fed has injected an unprecedented amount of new money/debt into the economy since March in efforts to avoid a c...

Gold should hit $2,300/oz. within the next 12 months as investors are "in search of a new reserve currency," Goldman Sachs analysts predict, ditching their previous $2,000/oz. forecast. More news on: Gold Spot Price, Silver Spot Price, SPDR Gold Trust ETF, Commodities news, News on ETFs...

Short interest as a percentage of shares outstanding on the SPDR Gold Shares ETF (NYSEARCA: GLD ) is near the lowest since July 2009 , while bullish call option volume in the ETF posted its second-biggest jump ever last week before bullion climbed to as high as $1,946/oz. today. More ne...

Precious metals miners are poised for strong gains today as the gold price surges to a record high with no signs of slowing; August Comex gold +2% to $1,935.70/oz. More news on: VanEck Vectors Gold Miners ETF, VanEck Vectors Junior Gold Miners ETF, Direxion Daily Gold Miners Index Bull...

Alaska is one of the largest gold-producing states in the United States. Gold produced in Alaska is only second to gold produced in Nevada, which leads all other states by a large margin. However, Alaska is a mostly unexplored region when compared with Nevada. Alaska is six times larger than N...

Precious metals miners move higher after silver futures ( XAGUSD:CUR ) climb to the highest since July 2014 and gold ( XAUUSD:CUR ) jumps to its best level since September 2011; September Comex silver +6.1% to $21.43/oz., August gold +1.2% to $1,840.30/oz. More news on: Gold Spot P...

Gold ( XAUUSD:CUR ) is expected to climb to an all-time high in the next 6-9 months , with a 30% probability it will top $2K/oz. in the 3-5 months, Citigroup analysts say, as prices benefit from loose monetary policy, low real yields, record ETF inflows and increased gold asset allocation...

When asked about what's going on in markets during today's Daily Briefing, Real Vision CEO Raoul Pal put it simply: "There's nothing going on," he said. Pal said that overall, markets are holding steady. Some things have moved, like gold mining shares (up 34% YTD), banks (down 35% YTD...

Gold miners ( GDX +2.8% ) continue to rally as prices for the yellow metals are poised for their sixth straight weekly gain , lifted by the prospects for second waves of coronavirus infections in the U.S. as well as a weaker dollar; August Comex gold +0.6% to $1,810.70/oz. More news...

Gold ( XAUUSD:CUR ) edges higher en route to a fifth straight weekly gain , as surging coronavirus cases in the U.S. support demand for safe-haven assets. More news on: Gold Spot Price, SPDR Gold Trust ETF, iShares Silver Trust ETF, Commodities news, News on ETFs, Read more ...