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Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains
Gold prices hit a new all-time high of $2,220 an ounce in March 2024. This marks gold’s best monthly performance since July 2020. The surge in gold prices has lifted the values of gold mining companies. The VanEck Gold Miners ETF climbed about 20% for the month, marking its best performance since November 2020.
Benzinga · 8h ago
Limited upside for gold as March rally 'remains a mystery', says Commerzbank
Commodities Limited upside for gold as March rally 'remains a mystery', says Commerzbank. Gold prices are up more than 7% this month, set for their best monthly gain since October last year. The increase in prices following the Federal Reserve's dovish outlook on interest rates remains a mystery.
Seeking Alpha · 17h ago
Commodity Roundup: Oil set for third monthly gain; gold eyes best month since Oct.
Commodities Energy Commodity Roundup: Oil set for third monthly gain; gold eyes best month since Oct. Crude oil prices headed for longest streak of monthly advances since September last year. Brent futures are up 4.26% so far this month, with WTI up 5.10%. Gold prices too aiming for a monthly gain, its biggest since October. Tensions in the Middle East continue to support prices.
Seeking Alpha · 18h ago
Galiano Gold: Shares Still Hold Value Despite 100%+ Run-Up
Galiano Gold Inc. Recently acquired a 90% stake in the Asanko gold mine in Ghana. The company's stock price has risen 100% since the deal was announced. Galiano Gold is projected to produce 240,000 ounces of gold annually at a low cost, indicating its growing value.
Seeking Alpha · 1d ago
A Financially Deglobalized Era
Gold’s role as a universal is experiencing a resurgence relative to US Treasuries for global central bank reserve accumulations. The most ambitious infrastructure initiatives in history are poised to be highly inflationary. The last major infrastructure push in the United States occurred in 1956. Capital expenditure in natural industries has fallen short of matching construction spending.
Seeking Alpha · 1d ago
Commodity Roundup: Oil down on surprise crude build; cocoa holds near record levels
Commodities Energy Commodity Roundup: Oil down on surprise crude build; cocoa holds near record levels. Oil prices fell for a second-consecutive day on Wednesday, falling more than 1% following a report that U.S. Crude stockpiles rose sharply last week. Among agricultural commodities, cocoa prices pulled back slightly from the all-time high of $10,080 per metric ton hit on Tuesday.
Seeking Alpha · 1d ago
Gold Mining Stocks Eye Best Month In A Year As 'Golden Era' For The Precious Metal Looms
March 2024 has been a golden month for gold mining stocks, marking their best performance in a year. The VanEck Gold Miners ETF (GDX) saw a robust rally of over 13% this month. A mix of anticipation for lower interest rates and robust demand from central banks sent gold prices soaring.
Benzinga · 2d ago
Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes
Commodities Energy Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes. Silver prices rose, along with platinum, and gold, supported by a weaker U.S. Dollar. Cocoa price surpasses $10,000 a tonne for the first time ever due to a supply crisis in West Africa. European natural gas prices fall on concerns over tightening supplies.
Seeking Alpha · 2d ago
Gold adds to gains on lingering inflation concerns; analysts see price moving higher
Front-month Comex gold for March delivery closed up 0.7% to $2,174.80/oz. Gold prices climbed on expectations of interest rate cuts by the U.S. Federal Reserve this year. Gold's position as an inflation hedge has supported its rally, analysts say.
Seeking Alpha · 3d ago
Weekly Report: what happened at GDXJ last week (0318-0322)?
Weekly Report · 3d ago
Commodity Roundup: Gold prices pullback from record highs, oil set for weekly fall
Commodities Energy Commodity Roundup: Gold prices pullback from record highs, oil set for weekly fall. Spot gold prices retreated from a record high on Friday, but were set for a weekly gain. Most metals, and energy commodities were trading in red against a firmer dollar. Reports of a draft resolution calling for a ceasefire in Gaza weighed on crude oil prices.
Seeking Alpha · 6d ago
Barrick Gold: Bullish Tailwinds As Precious Metals Soar
Barrick Gold Corporation aims to become the world's most valued mining company. Gold prices reached a high of $2,222 following a dovish FOMC decision and Jerome Powell's press conference. Barrick Gold's Q4 results showed strong performance, but technical risks are apparent on the chart. I have a buy rating on the $28 billion gold miner and believe the stock is undervalued.
Seeking Alpha · 03/21 20:25
Gold Investors Should Own These ETFs, Says Bank Of America: Why Analysts Expect Gold Spike To $2,600
Bank of America says gold prices are projected to rise to $2,500-$2,600 per ounce. The precious metal has the lowest correlation to the S&P 500 and central bank purchases are driving gold's rally. Bank of America advocate for physical gold ETFs over miners to get exposure to gold.
Benzinga · 03/21 19:31
Will Easing Cost Concerns Give A Boost To Mining Stocks?
Costs for mining stocks are still elevated, but pressures are easing. This may help mining stocks catchup to the rise in gold prices. Fundamentals for copper and uranium also looking positive. Craig Hutchison, Director, Equity Research at TD Cowen joins MoneyTalk's Greg Bonnell to discuss.
Seeking Alpha · 03/21 17:20
Gold touches record high as Fed paints 'Goldilocks scenario' for prices
Gold touches record high as Fed paints 'Goldilocks scenario' for prices. Spot gold prices pushed to a record high of $2,208.30/oz. The U.S. Federal Reserve maintained its outlook of three quarter-point rate cuts for this year.
Seeking Alpha · 03/21 11:22
Commodity Roundup: Gold soars to new all-time high; ING says oil market 'overbought'
Gold soars to new all-time high; ING says oil market is 'overbought' Iron ore prices may be near a floor amid a reset in expectations around demand, ANZ says. Gold prices hit a record above $2,200 an ounce for the first time. The Federal Reserve maintained its outlook for three rate cuts this year.
Seeking Alpha · 03/21 10:18
Gold rallies near record high after Fed maintains three rate cuts coming this year
Seeking Alpha · 03/20 20:30
Commodity market open interest hits six-month high as oil and copper inflows surge - JPM
Commodity market open interest hits six-month high as oil and copper inflows surge. The estimated value of open interest across global commodity markets surged by 6% over the week to $71 billion. Inflows in crude oil amounted to $14 billion, the highest since September 2023. Prices of most metals are trading lower today.
Seeking Alpha · 03/20 10:35
Commodity Roundup: Oil, gold fall ahead of FOMC verdict; Morgan Stanley raises Brent forecast
Seeking Alpha · 03/19 10:16
Weekly Report: what happened at GDXJ last week (0311-0315)?
Weekly Report · 03/18 10:29
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