monsitj/iStock via Getty Images Gold prices wrapped up their third straight quarterly gain Friday after a key U.S. inflation gauge favored by the Federal Reserve was broadly in line with expectations, maintaining hopes that the central bank could cut interest rates by September. The U.S. Department of Commerce said itsContinue Reading
SeventyFour/iStock via Getty Images Labrador Gold (TSXV:LAB:CA) shareholders have approved the sale of the Kingsway Project to New Found Gold (NYSE:NFGC) by a majority of 87.8%, it said Thursday. Shareholders also overwhelmingly approved the re-election of the Board of Directors, the re-appointment of the Labrador Gold’s (LAB:CA) auditors and theContinue Reading
CyberMetals on Thursday said investors were more likely to trust physical assets such as gold rather than digital investments during economic uncertainty and times of geopolitical turmoil. “A significant 80% of investors reported trusting physical assets more than digital ones during turbulent times, with gold (64%) and real estate (63%)Continue Reading
CHUNYIP WONG Collectibles are the most searched-for type of investment in America’s 50 most populated cities, and gold (XAUUSD:CUR) fever appears alive in the West, according to a study by investment platform CyberMetals. The platform in a broader survey about the investment landscape found California lead the top 10 statesContinue Reading
VladK213 BMI, a unit of Fitch Solutions, Thursday upped its 2024 gold price forecast to $2,250/oz from $2,100/oz, with a ‘neutral’ view towards gold in H2, as prices remain tangled in a tug of war between a less dovish Federal Reserve and high levels of geopolitical tension. The brokerage expectsContinue Reading
Bet_Noire/iStock via Getty Images Most-active gold futures dipped below $2,300/oz on Wednesday to the lowest finish in more than seven weeks, weighed by a stronger dollar and higher bond yields, while traders await U.S. inflation data due later this week. The dollar rose 0.4% to nearly a two-month peak againstContinue Reading
bucky_za/E+ via Getty Images Gold Fields (NYSE:GFI) +0.8% in Wednesday’s trading as BMO Capital upgrades shares to Market Perform from Underperform with a $14 price target, emphasizing the importance of the miner’s operational consistency. BMO’s Raj Ray says Gold Fields (GFI) stock has lagged peers despite higher gold prices becauseContinue Reading
da-kuk/E+ via Getty Images Wheat futures fell on Wednesday due to expectations of increased supply from the United States, while gold prices ticked lower as the U.S. dollar held firm, heaping pressure on the nonyielding asset amid hawkish remarks from Federal Reserve officials. The USDA released its 13th Crop ProgressContinue Reading
Zodiac Gold (TSXV:ZAU:CA) said it has increased the size of its offering of units on a non-brokered private placement basis. The firm now expects to complete the offering for aggregate proceeds of up to C$1.2 million, up 20% from the original target of up to C$1 million. The company intendsContinue Reading
bodnarchuk/iStock via Getty Images Maple Gold Mines (OTCQB:MGMLF) +36.6% in Monday’s trading after Agnico Eagle Mines (NYSE:AEM) increased its stake in the company, acquiring more than 33.8M common shares worth ~C$2.9M from several sellers that acquired shares as part of an equity raising. The move raised Agnico Eagle’s (AEM) holdingsContinue Reading
