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In June, gold broke out of the $331.30 trading range that had contained the price action since 2014. For more than half a decade the precious metal consolidated after its decline from the all-time peak in 2011 at $1920.70 to what turned out to be a bottom in December 2015 at $1046.20. The 50% ...
Ankit Sahni, president and head of research at Exante Data, told viewers of Real Vision's Trade Ideas that the decline in real interest rates will continue to boost gold over the next 3-6 months. "You can think of gold as being a currency which has no inflation and zero interest rates,"...
After a welcome breakout from a 2-week trading range, a summer rally for the precious metals sector continues to gain strength even as the global equity market stumbles. The recent plunge in U.S. small cap stocks is a reflection of the internal weakness plaguing equities; it’s also one ...
Gold futures ( GLD +0.7% ) pushed to their highest settlement in nearly six-and-a-half years and silver jumped to a more than two-year high, as safe-haven demand kicks into high gear. More news on: SPDR Gold Trust ETF, Global X Silver Miners ETF, iShares Silver Trust ETF, Commodities n...
Friday, August 23, was a wild day in markets, which many market participants had expected. However, the price volatility came from an unexpected source. Fed Chairman Jerome Powell gave a speech at the central bank's annual retreat at Jackson Hole, Wyoming. The address, as well as interviews wi...
Gold will extend its recent gains as the U.S.-China trade dispute slows growth, risking a deeper slowdown and inviting more central bank easing, UBS analysts say in predicting the yellow metal may hit $1,600/oz. within three months. More news on: SPDR Gold Trust ETF, VanEck Vectors Gold...
By John Corcoran, Senior Client Portfolio Manager The changing dynamics in the market and economy have fared well for gold and precious metals. Gold and precious metals mining equities - as represented by the Philadelphia Gold and Silver Index ((XAU)) - are performing solidly in 2019...
The first mention of gold in the old testament of the Bible comes from Genesis, "And the gold of that land is good; bdellium and onyx stone are there. The Bible, old and new testaments, mention gold hundreds of times. In Job 28, the Apostle Peter said ones' faith is "of greater value than gold...
Gold pushes higher ( GLD +1.8% ) following Federal Reserve Chairman Powell's speech and Pres. Trump's tweets threatening China, as investors seek a safe haven amid uncertainty; December Comex gold +1.9% to $1,537/oz. More news on: SPDR Gold Trust ETF, Barrick Gold Corporation, Newmo...
In the 1980s, when I traveled behind the iron curtain or to developing countries around the world, this boy from Brooklyn learned the power of the US dollar. A mentor taught me that before venturing outside of the United States to some of the more challenging parts of the world in those days, ...
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2024-02-25 18:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- 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 Trustees declared cash distributi...
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dbbac6e-7a71-478e-910e-5ab37f8f1e2c RYE, N.Y., July 18, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present a video tracing the 50+ year history of the oldest, existing clo...