Tag: Gold miners

Gold hit a fresh six-year high on Friday as trade tensions between the US and China escalated. The SPDR Gold Shares ETF (GLD) closed up 2%.

When asked yesterday whether he had second thoughts on the trade war with China, Donald Trump replied, "Yeah! sure. Why not?"

Agnico Eagle Mines (AEM) released its Q2 2019 results on July 24 after the markets closed.

After the turnaround in gold prices that began at the end of 2018, the fortunes for gold stocks are also looking brighter.

Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.

Ray Dalio mentioned in a LinkedIn post on Wednesday that it's important for investors to explore the market paradigm in which they're currently operating.

Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.

Standard Chartered precious metals analyst Suki Cooper is very positive about gold's price outlook. As reported by CNBC, she said, “There’s a lot more interest in gold on a widespread basis. It’s not just tactical investors or ETF holders. it’s broad based.”

Gold is now trading close to a six-year high following the Fed’s dovish pivot at its June policy meeting. After being range-bound for the last five years, gold has finally broken out and its outlook is bullish.