GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 01/06/21

Gold futures (XAUUSD:CUR) settled -2.3% to $1,908.60/oz. as a jump in U.S. Treasury yields boosted the dollar and triggered a selloff in the yellow metal."Rising long-term Treasury yields are a negative headwind for gold," says Altavest's Michael Armbruster, adding that gold likely will move ...

Gold (XAUUSD:CUR) surges above $1,900/oz. to start the new year, amid a sliding dollar and prospects of tougher COVID-19 restrictions keeps safe-haven bullion in demand; February Comex gold +2.6% to $1,944.80/oz."Since gold reversed course from below $1,900, this is mainly a reflection of a w...

Gold has been a pretty solid asset class to be in this year as uncertainty and fears of inflation have pushed investors into it. The fund invests in gold miners and to a lesser extent energy companies that are located around the world, providing a reasonable amount of diversity. T...

A new gold-stock upleg sure looks to be underway. The major gold stocks have spent the last several weeks carving a new uptrend, as evident in their leading GDX benchmark. This bullish price action came right after a major gold-stock correction climaxing in a capitulation. That forced...

Mining stocks are solid performers today as gold prices (XAUUSD:CUR) rally past $1,900/oz. for the first time in nearly six weeks, alongside a steep decline in the U.S. dollar.February gold +1.8% to $1,893.70/oz., on pace for its highest trade since early November and well above its 50-day mo...

After 4 1/2 months correcting, gold's setting the stage for its next rally. In 2020, gold set new all-time highs in currencies around the world. The recent minor rise in rates is unlikely to last, as the Fed initiates yield curve control. Gold is bottoming, making this a great...

This gold bull’s latest correction looks to be mature sentimentally and technically. This selloff’s total size and duration at gold’s late-November lows was right in line with its prior correction averages. Gold also fell back under its 200-day moving average, the...

We've seen a resurgence in M&A activity in Q4 for the gold sector, with five deals completed in the past two months alone. However, the average price paid per ounce has continued to dip despite near-record gold prices, with the 4-period moving average for explorers globally fallin...

Gold prices (XAUUSD:CUR) jump more than 2%, bouncing from a five-month low in the last session, and silver (XAGUSD:CUR) surged more than 6%, helped by a sharp decline in the U.S. dollar.February Comex gold closed +2.1% to $1,818.90/oz. in the largest single-session dollar and percentage gain ...

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...