Record Gold Prices Are in a 'Different World' Than Silver and Copper. Here's Why.
Gold's rise to fresh record highs this month has left both silver and copper in the dust, with the yellow metal rising to its own tune, buoyed by its use as a hedge against inflation and by central-bank purchases, but also offering hints on the prospects for the industrial metals.
Does the Rally in Gold Still Have Room to Run? – TDS
The top ten participants trading in Shanghai Futures Exchange (SHFE) Gold continue to add to their Gold positions, growing their net length towards its highest levels on record, TDS senior commodity strategist Daniel Ghali note.
As the US dollar weakens, the prices of industrial metals rise.
London copper futures prices have recently slightly increased, mainly due to the dual impact of the weakening of the US dollar and the expected reduction in production of Chinese smelters.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
What Makes Eldorado Gold Corporation (EGO) a Strong Momentum Stock: Buy Now?
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
Brixton Metals Options Its Atlin Goldfields Project To Eldorado Gold
Brixton Metals (BBB.V) on Tuesday entered into a definitive option agreement granting Eldorado Gold Corporation (ELD.TO) the option to acquire 100%-ownership of the Atlin Goldfields Project in
Brixton Metals Options Its Atlin Goldfields Project to Eldorado Gold
VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV:BBB, OTCQB:BBBXF) (the "Company" or "Brixton") is pleased to announce that it has entered into a definitive option
Commodity Roundup: Gold Near Fresh Record High, China Demand Concerns Weigh on Oil
Gold prices extended their rally to Tuesday, trading close to an -all-time high amid rising hopes that the Federal Reserve would cut interest rates by the end of the year, while oil prices ticked lower on lingering demand concerns.
MetalsFocus: The US dollar is expected to continue to remain strong, and precious metals prices may retreat moderately during the summer.
MetalsFocus pointed out that due to the interest rate differential still benefiting the US dollar, the US dollar is expected to continue to remain strong in the near future. In addition, considering the relatively fast rise in precious metal prices over the past three months, precious metal prices may experience a moderate pullback during the summer.
3 Reasons Growth Investors Will Love Eldorado Gold (EGO)
Ubs Group: Gold still has room for growth, but silver will perform better.
With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.
Eldorado Gold Corporation (EGO) Hits Fresh High: Is There Still Room to Run?
Eldorado Gold Edging Up After Hours as It Flags Lower Tax Impacts in Turkiye
Eldorado Gold (ELD.TO, EGO) edged up in after-hours New York trade Thursday as it provided updates on the tax impacts in Turkiye for the second quarter.According to a statement, the company's
Express News | Eldorado Gold Expects Turkish Current Income Tax Expense On Mining Profits, At An Enacted Rate Of 25%, For Q2
Eldorado Gold Sees 2Q Turkish Income Tax Expense on Mining Profits to Be Further Decreased by $3M-$5M >ELD.T
Eldorado Gold Sees 2Q Turkish Income Tax Expense on Mining Profits to Be Further Decreased by $3M-$5M >ELD.
Eldorado Gold Provides Update on Second Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details
VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or the "Company") today provides the following updates on the tax impacts in Turkiye in Q2 2024. Tax Impacts in
Precious Metals Start a Rally After Soft US CPI Data – TDS
Precious metals rally started after below expected US inflation data hit the market. Asian demand for Gold (XAU/USD) and Silver (XAG/USD) goes up, TDS senior commodity strategist Ryan McKay notes.
Air Products (APD) Sells LNG Business to Honeywell for $1.81B
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.