Gold and silver continue to be in a bullish position as the sell-off in precious metals continues. As such, analysts see gold prices some sort of upturn approaching fast, likely near $2000 an ounce. This comes after lease rates for gold fluctuated between -1% and 2% annualized the last decade, until pandemic shutdowns hit in March. Meanwhile, silver’s rate position is even more bullish. Its...Read More
The recent rally of precious metals that started in 2020 and extends into 2021 has seen silver prices surpass gold’s 24.6% growth in the same period. Silver is valued both as an industrial metal and a precious metal. Many investors use it as a haven in times of economic and stock market uncertainties and as a hedge against inflation. Consequently, silver had a solid run, delivering more than...Read More
The gold industry is seeing a strong start of the new year capitalizing on the gold price rally fueled by COVID-19 pandemic induced safe-haven demand since mid 2020. However, progress on rollout of vaccines could rein in gold prices. For the time being, looming prospects of a dwindling supply and higher demand will eventually drive prices north, which bode well for gold-miners. Mining stocks have...Read More
Gold prices increased 1% on Monday after news of the singing of the new $ 2.3 Trillion bill that contains $ 900 Billion in pandemic relief aid and $ 1.4 Trillion in government spending to fund federal agencies. Many analysts see this bill as crucial in removing the immediate uncertainty with distribution of checks and loans to individuals and small businesses. Vaccine rollouts also continue on tra...Read More
Gold futures ended higher Wednesday, with the precious metal halting a three day decline, as the U.S. dollar softened. Bolstered by a weaker dollar, gold prices jumped as much as 1% on Wednesday, as investors kept hopes pinned on a U.S. stimulus package even after President Donald Trump threatened to not sign the relief bill. Bullion, considered a hedge against inflation and currency debasement,...Read More
The materials sector .GSPTTMT, which includes precious and base metals miners, added 1.8% as gold futures GCc1 rose 0.9% to $1,844.9 an ounce on Tuesday. The rise comes after a brief correction on Monday that saw gold prices fall as a rollout of the a COVID-19 vaccine in the U.S. and doubts about another round of relief aid out of Congress prompted the precious metal to mark its lowest settlement...Read More
Gold continues to be hot this year and junior gold miners are reaping the rewards as analysts bring light to the various investment opportunities that provide access to the companies extracting gold from the earth. Interest is increasing towards allocating to gold in the current market environment. As such, the capital appreciation and diversification potential of small- and mid-cap gold an...Read More
Futures for TSX jumped on Tuesday driven by higher gold. This marked the end of the roughly five-month low to log the sharpest one-day gain in more than three weeks, supported by a sharp decline in the U.S. dollar. The yellow metal rebounded with a “little bargain shopping” that was a bit “like Black Friday/Cyber Monday in the gold sector,” commented Jeff Wright, executive...Read More
Although the past week saw gold and silver bullion trade with a negative bias, the trend remains positive on the intraday basis. Spot silver prices (XAG/USD) remained flat just above $23.30. The precious metal is off extremes; gains were capped at $23.50 on Thursday morning but the buyers came in ahead of $23.20. That marks two days now that silver has been unable to rally past $23.50. This conso...Read More
In the last months of 2020, gold remains stuck to a narrow range as optimism over coronavirus vaccines by Pfizer and Moderna is restoring investor and economist sentiment that further spread of the virus will be contained. This, in turn, has contributed to a more positive outlook regarding the global economy as it continues its recovery from the months of lockdown. As gold prices continue hoverin...Read More
The past couple of months have been volatile for junior gold miners and the precious metals sector, as a whole. The turbulent US Presidential election, looming second wave of COVID-19 infections and depleting gold supply have contributed to the bullish rally of gold stocks and silver stocks. At the same time, several names have fallen 30% or more from their highs with the recent correction in gol...Read More
Strong gold prices boosted Canada's main stock index futures on Monday ahead of the U.S. presidential election on Wednesday. As demand for the precious metal rose, gold prices registered a 0.47% gain to $1888.7 per ounce. This comes amid a strengthening second wave of COVID-19 infections, which weakened the US dollar and saw global investors shift capital towards safer havens. Predictably, this...Read More
With two months left until the end of the year, the chances for a final spurt on the stock markets are looking better. Various industry insiders have expressed their optimism for a bullish run for gold prices and gold stocks at the end of the year. Chris Vermeulen, market strategist of Technical Traders, sees the gold price at the end of 2020 climb to $2,300 an ounce. This will increase the value...Read More
Firmer gold prices and renewed optimism around a U.S. stimulus agreement before the presidential election lifted Canada's main futures stock index on Monday. The yellow metal gained 0.58% and rose to $1,913.4 per ounce. Gold has gained over 26% so far this year, providing a hedge against inflation risks and currency debasement. Its bullish rally gave junior miners a lift from financings o...Read More
September saw high volatility across the markets for all asset classes. The stock market fell from record highs with gold correcting since reaching a record high in early August. The same trend followed silver followed although both precious metals picked up steam on the downside in September when faced with the potential for risk-off conditions in markets. Lower gold prices and silver prices are...Read More
Canada’s main stock index opened higher on Wednesday and was able to offset some of the losses from its worst day in two weeks in the previous session. Gains in gold stocks and silver stocks of Canadian mining companies were largely responsible for the change in direction. In the month leading up to the US Presidential election and with a worsening second wave of COVID-19 infections, gold i...Read More
Tuesday’s session on the Toronto Stock Exchange saw gold prices reclaim the psychologically important $1,900 an ounce mark, booking their highest settlement in a week. This reaffirmed the sentiment among gold stocks enthusiasts and some commodity experts that gold remains a strong investment in the long term. While almost all TSX gold stocks have had a huge year up until this point, Canadia...Read More
The traditional safe havens gold and silver continue their bullish run. Gold is up almost 30%, while silver is up more than 50% from the start of 2020. With global economic growth expected to remain subdued ahead of the second wave of COVID-19 infections, precious metals could continue to trade strong for the next few quarters. This week saw a correction in gold prices as the US Dollar recovered...Read More
With investors and analysts remaining bullish on gold, silver fits neatly into investments related to sustainability. Since the start of 2020, gold has rocketed to a new all-time high near $2,070 in early August, up 40%. At the same time, silver bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months. Silver has heavily out-...Read More
The silver stocks of Canadian mining companies have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher silver prices have radically improved silver-stock fundamentals, Q2’s national lockdowns to curb the spread of COVID-19 wreaked havoc on this sector. The junior miners’ latest quarterly resul...Read More