IMG:CC News and Press, IAMGOLD Corporation From 06/13/22

Gold and precious metals mining shares offered no refuge from Monday's stock market carnage, as the dollar rallied on the increasing likelihood of steep interest rate hikes by the U.S. Federal Reserve. Front-month Comex gold (XAUUSD:CUR) closed -2.3% to $1,832.10/oz and silver (XAGUSD:CUR) en...

Newmont (NYSE:NEM) closed +3.5% to top Friday's S&P 500 leaderboard as investors turned to gold and gold mining stocks as a safe haven from potentially aggressive interest rate hikes following hotter than expected May inflation numbers. Comex August gold futures (XAUUSD:CUR) closed +1.2% ...

Palm Beach, FL – June 8, 2022 – FinancialNewsMedia.com News Commentary – Gold always seems to be projected in the long term irrespective of short-term ups and downs. For example, Gold prices hit an all-time high in 2020 as the coronavirus pandemic wreaked ha...

Gold posted its highest close in nearly a month on Thursday, gaining as investors sought the safe-haven asset after the latest U.S. economic data signaled a softening economy and a tight job market, while Treasury yields and the dollar fell. Comex gold (XAUUSD:CUR) for August delivery closed ...

Iamgold released its Q1 results earlier this month, reporting quarterly attributable production of ~174,000 ounces of gold, a 14% increase from the year-ago period. However, while a significant improvement on a year-over-year basis, the company was up against very easy comps, and cont...

U.S. stock markets ended last week with heavy losses, as runaway inflation dampened investors’ confidence. In Canada, the TSX showed more grit and resiliency, with seven of the 11 primary sectors advancing on May 20, 2022. Some market observers are bullish on commodity stocks, pa...

Precious metals miners provided a refuge from broader stock market losses on Tuesday, as continued high inflation points to further problems in the U.S. economy. A pair of new surveys - the S&P flash U.S. services index and flash U.S. manufacturing index - showed businesses expanding in M...

Mining shares are surging on Thursday as gold prices bounce, with a drop in the U.S. dollar and Treasury yields combining with weakness in risk assets amid worries about global growth. The VanEck Gold Miners ETF (NYSEARCA:GDX) +5.5% for its biggest intraday gain since February, led by surges ...

John Paulson's fund, Paulson & Co. reported its 13F filing for Q2 wherein it added Agnico Eagle Mines (AEM) and SPDR Gold Trust ETF (GLD) in new positions It increased its stakes in Bausch Health (BHC), Horizon Therapeutics (HZNP), BrightSphere Investment (BSIG), NovaGold Resources (NG), ...

The S&P Materials sector closed this trading week with a slight dip of 0.68%. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down 0.66%. Aluminum prices hit a four-month low on Friday as demand concerns created by slowdowns in manufacturing activity in China and elsewhere were r...