Keyword: "gold price"

Mining News Pro - Gold had a monumental 2020 as bullion soared to multiple record highs throughout the year amid the economic uncertainties brought by the covid-19 pandemic, which helped to cap off its best annual performance in a decade.

Mining News Pro - Gold dropped below the $1,900 mark on Friday as technical selling took over after an earlier recovery in the US dollar and Treasury yields sent prices tumbling, erasing most of bullion’s gains from the new year.

Mining News Pro - Gold is off to a good start in 2021 after recording its best yearly gain in a decade. Prices surged above $1,900 an ounce on Monday to the highest in almost two months as lower US real yields and a weaker dollar kept the yellow metal’s momentum up.

Mining News Pro - Gold prices are set for their biggest annual advance in a decade after a tumultuous year, with the economic impact brought by the coronavirus pandemic playing a key role in support of the haven metal.

Mining News Pro - Gold prices edged higher on Wednesday, as the prospect of increased fiscal aid pushed the US dollar to another multiyear low. However, the ongoing covid-19 vaccine rollouts and increased risk appetite limited bullion’s gains.

Mining News Pro - Gold prices retreated on Monday following US President Donald Trump’s signing of a long-awaited pandemic aid bill, which pushed bullion to a one-week high earlier.

Mining News Pro - Gold prices climbed to a six-week high on Monday, driven by news that US congressional leaders reached an agreement on a $900 billion covid-19 relief bill. Meanwhile, pandemic lockdowns in the UK soured appetites for riskier assets and lent further support for bullion.

Mining News Pro - Gold prices edged lower on Monday as the imminent rollout of a covid-19 vaccine in the US, as well as the continuation of talks over a stimulus bill, drove optimism in wider financial markets.

Mining News Pro - Gold prices declined from a two-week high as investors weighed the prospects of further vaccine roll-outs against fresh hopes for a new US stimulus deal.

Mining News Pro - Gold prices extended their decline below $1,800/oz on Monday as growing optimism for an end to the pandemic continues to direct investors towards riskier assets, casting shadow over safe havens like bullion.

Mining News Pro - Gold prices continued to hover above $1,800 after the latest economic data pointed to a rocky recovery in the US, while gold-backed exchange-traded funds continue to see outflows.

Mining News Pro - Gold fell to its lowest in four-months on Monday as growing optimism over a covid-19 vaccine and signs of recovery in the US economy drove investors away from the safe-haven metal and towards riskier assets.

Mining News Pro - Gold prices rebounded on Friday after US Treasury Secretary Steven Mnuchin said his agency and the Federal Reserve have “enough firepower” to continue to support the economy, boosting the metal’s appeal as a hedge against inflation.

Mining News Pro - Gold prices are expected to break out of the current narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation, analysts at Goldman Sachs say.

Mining News Pro - Gold prices erased last week’s gains on Monday as news of the first successful late-stage covid-19 vaccine trials prompted investors to dump safe-haven bullion and flock to riskier assets instead.

Mining News Pro - Canadian miner Barrick Gold posted a near three-fold jump in quarterly adjusted profit on Thursday and increased its dividend, benefiting from a surge in gold prices fuelled by widespread coronavirus stimulus measures unveiled globally.

Mining News Pro - Gold prices could perform well regardless of who wins the upcoming presidential election, analysts say, pointing to low-interest-rate policy and potential pandemic-related stimulus.

Mining News Pro - Canada`s Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it spends on several sites to boost production.

Mining News Pro - Gold prices rose past the $1,900 an ounce level on Monday, supported by worries over a spike in covid-19 cases around the globe and uncertainty surrounding the upcoming US presidential election. However, a stronger dollar limited bullion’s advance.

Mining News Pro - Freeport McMoRan beat analysts’ estimates for third-quarter profit, as the miner benefited from higher gold prices due to the covid-19 pandemic and cost cuts.

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