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As inflation rises and recession looms in, people tend to invest more in gold, which in turn is expected to benefit the gold miners’ equity shares and ETFs. Energy and commodity funds (including the leveraged bull funds) have generated growth during 2022, while gold funds have ...
Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN’s investments are in commodities (gold, mining, energy), which tend to rise alongside inflation, and are considered safer bets durin...
Gold has always been used as a safe haven asset, particularly in times of economic upheaval, as the metal maintains its value during these periods instead of depreciating. With the global costs of living rising and the economy on the brink of a recession, gold mining companies could be maki...
It’s still a good time to invest in gold. In fact, according to Kristian Hooper, Chief Investment Strategist at Invesco, “Gold prices will remain well supported through the rest of the year as rising recession and stagflation fears dominates sentiment throughout financial mark...
Colombian markets plunge in Tuesday's trading, led by state-run energy company Ecopetrol's (NYSE:EC) -13.4%, after leftist Gustavo Petro won Colombia's presidential election while promising to move the country away from its reliance on energy exports. Geopark (NYSE:GPRK) and Gran Tierra Energ...
Investors may want to push back into gold. “The gold market still has a path to push above $2,000 an ounce even as the Federal Reserve continues to aggressively raise interest rates throughout the year, according to commodity analysts at the French investment bank Societe Generale,...
Newmont (NYSE:NEM) CEO Tom Palmer is not predicting a gold price rally, but does see a higher floor forming under the market, with prices poised to stay around current levels of ~$1,800/oz and possibly a bit higher, Bloomberg reported Wednesday. Palmer is willing to forecast more support when...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stubbornly high inflation is possibly the biggest challenge for policymakers for the year and potentially into 2023. Recently released data indicates that inflation has surged to a 40-year high of 8.6% . While the Federal ...
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...
Inflation continues to run hot and cast a shadow of uncertainty over the stock market. The latest data from the Bureau of Labor Statistics shows that the consumer price index, a measure for tracking inflation, rose 8.6% year over year in May and 1% compared to April. With inflationary p...
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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...