GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 08/15/21

Th spot gold price has shed 12% over the past year since topping $2K/oz., even as other commodities have climbed, but Wells Fargo expects gold will resume its leadership position in the current bullish cycle, sparked by China's purchases during recent months. "Over the past three months, gold...

GGN invests in a variety of gold mining and other companies that should see their share prices go up if the price of natural resources does. The price of natural resources is poised to increase as inflation sets in. The fund is fairly well diversified, although it does have a surp...

Gold (XAUUSD:CUR) (NYSEARCA:GLD) closed out the week slightly higher after a midweek pop on a dovish Fed faded at the end. Spot gold rose above $1,830 Thursday after Fed chief Jerome Powell assured markets that there was a lot of work to do before tapering of asset purchases could start ...

Gold demand (excluding OTC) for Q2 was virtually in line with Q2 2020 at 955.1t (-1%). Jewellery demand saw a second consecutive quarter of strong y-o-y growth, bolstered by global economic recovery and improving sentiment after the extreme difficulties of 2020. Q2 investment of 2...

Shares of precious metal miners are moving higher in the pre-market after some earnings reports and prices for gold and silver rise alongside a weaker U.S. dollar. August Comex gold (XAUUSD:CUR) +1.3% to $1,823.30/oz.; September silver (XAGUSD:CUR) +2.8% to $25.57/oz. ETFs: GLD, GDX, NUGT, IA...

Gold maintains its methodical rise, reaching its highest settlement since mid-June alongside declines in the U.S. dollar and Treasury yields.August gold (XAUUSD:CUR) settled +0.8% to $1,825/oz., the highest for the most-active contract settlement since June 16, and held onto gains shortly aft...

Gold succumbed to dollar strength, falling 5.1% over the same three-day period, and trading below multiple technical support levels. Sector fundamentals could also be an important driving factor. More persistent and higher inflation would offset the effect of any rise in rates, ca...

Gold jumps above the $1,800/oz level early on in Tuesday’s trading session, taking the precious metal to a recent three-week high. Traders are back from a long holiday weekend and start the day off as buyers after gold has been trading in a lower range and choppy market conditions.Whil...

Gold futures (XAUUSD:CUR) settled -1% to $1,763.60/oz. after declining as much as 1.7% to $1,749.50, the lowest since April 15, hurt by a stronger dollar in the run-up to this week's U.S. jobs report, which is widely expected to come in strong and could support the Federal Reserve's recent ha...

BCX invests in companies involved with energy, materials, and agricultural commodities. The fund utilizes a call option buy-write strategy to enhance income supporting a 5.1% distribution yield with a monthly payment. While keeping a bullish outlook on commodities, we highlight th...