GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 11/26/20

As vaccines are developed and become available, it is bullish for gold because as the economy comes back, everyone will want to travel, renovate their home, travel and spend, spend,. We see a combination of pent-up demand and a broken supply chain, leading to inflation. Reinforcin...

Declares Monthly Distributions of $0.03 Per Share The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American: GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trust...

Gold prices plunge on news that Pfizer's vaccine was 90% effective in preventing COVID-19 based on initial trial data, as investors pile into risky asset classes and cyclical stocks that are highly correlated with the global economy.December Comex gold -4% to $1,872/oz., erasing gains to a ne...

Gold jumps to a two-week high with the dollar falling as Joe Biden nearly wraps up the U.S. presidency, with gold futures +1.3% and cracking $1,921/oz. - a level that has provided both support and resistance after the metal set a new high of $2,075/oz. in August.Gold spot price (XAUUSD:CUR) r...

Gold stocks are just entering their seasonally-strongest period of the year. Their big winter rally is fueled by gold’s own, which is driven by outsized demand from holiday jewelry buying. Later new-year investment buying kicks in. So both the metal and its miners’ stock...

Mining names open higher after metals prices are helped by a weaker dollar due to speculation that D.C. lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing.Most metals are moving higher, with December copper (HG1:COM) +1.1% to $3.18/lb., ...

Increasing inflation has implications for businesses and workers, but this article will focus on investors. The classic inflation hedges are gold, other commodities, real estate and, some argued, stocks. There are possibilities in all these categories, though investors should not ...

As highlighted in The Lead-Lag Report, conditions for intermediate risk-off sentiment via the Lumber-Gold Signal are almost here. Gold functions well during heightened volatility. India, the largest consumer of gold, is entering the festival and wedding season. Added stimulus and ...

Gold stock valuations remain low. These companies are earning profits hand over fist with such high prevailing gold prices, forcing down their valuations. Huge stock-price gains in future uplegs are justified. But before this gold stock bull’s next major upleg, real-time gold s...

Money managers who don't recommend gold to their clients are becoming the exception rather than the rule. Right now, gold accounts for less than 1% of global investible capital. Estimates of how much gold exists above-ground are all over the place, but most cluster around an amoun...