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Gold and other precious metals plunged on Thursday, as roaring inflation lifted the ICE Dollar Index near 20-year highs. June Comex gold (XAUUSD:CUR) closed -1.6% at $1,824.60/oz, the lowest settlement value since February 7, according to Dow Jones Market Data. "The dollar has firmly put...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Financial and economic uncertainty coupled with the ongoing war in Ukraine has provided gold and silver stocks with upside momentum. Barrick Gold ( GOLD ) : New and expanded dig sites in Pakistan and the Dominican...
Newmont (NYSE:NEM) expects to move forward with a $2B investment on the Yanacocha sulfides project in Peru, CEO Tom Palmer said on Tuesday, according to Reuters. Newmont (NEM) has committed $500M so far but is in the process of making a final decision on the remaining investment on the projec...
Gold is one of the most widely preferred “hedges” against a weak market/economy. It’s also an impressive safeguard against inflation, as it retains its value. However, that’s not its only use. You can also benefit from the gold’s contrarian spikes (against...
This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. It's always a good idea to keep your wish list ready by separating the wheat from the chaff. ...
Gold could test $2,000 again. In fact, at this rate – with inflation, fears of recession, and the potential for escalating conflict – gold could see $2,500 before long. According to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, “...
Palm Beach, FL – May 4, 2022 – FinancialNewsMedia.com News Commentary – Porphyry copper deposits are the world’s largest source of copper and is also is one of the world’s most valuable deposit types. The term “porphyry” comes fro...
As inflation continues to rise, it is becoming increasingly evident that precious metals such as gold are a better hedge against inflation in comparison to cryptocurrencies. The price of gold is up almost 5% , going at about $1,900 per ounce. Meanwhile, the price of Bitcoin has dropped by...
Gold prices tumbled more than 2% to nearly a three-month low on Monday as the benchmark 10-year U.S. Treasury yield hit 3% for the first time since December 2018 ahead of this week's meeting of Federal Reserve policy makers. June Comex gold (XAUUSD:CUR) closed -2.5% at $1,863.60/oz, extending...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The uptrend in commodity stocks is officially dead, and bear trades have a green light. Alcoa ( AA ): Its share price plunged after earnings and now boasts a bear flag pattern. Newmont Mining ( NEM ): Gold ...
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2024-07-25 10:00:08 ET Jackie Przybylowski from BMO Capital issued a price target of $57.00 for NEM on 2024-07-25 08:39:00. The adjusted price target was set to $57.00. At the time of the announcement, NEM was trading at $47.7. The overall price target consensus is at $6...
We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dro...
2024-07-10 11:00:22 ET Anita Soni from CIBC issued a price target of $61.00 for NEM on 2024-07-10 09:46:00. The adjusted price target was set to $61.00. At the time of the announcement, NEM was trading at $45.355. The overall price target consensus is at $66.46 with high...